Hamilton Lane Advisors LLC reduced its stake in shares of Solaredge Technologies Inc (NASDAQ:SEDG) by 23.1% in the 4th quarter, Holdings Channel reports. The firm owned 85,183 shares of the semiconductor company’s stock after selling 25,608 shares during the quarter. Solaredge Technologies makes up 1.7% of Hamilton Lane Advisors LLC’s holdings, making the stock its 17th largest holding. Hamilton Lane Advisors LLC’s holdings in Solaredge Technologies were worth $3,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN raised its stake in Solaredge Technologies by 19.5% during the 3rd quarter. Wells Fargo & Company MN now owns 10,291 shares of the semiconductor company’s stock valued at $294,000 after purchasing an additional 1,680 shares during the last quarter. Northern Trust Corp raised its stake in Solaredge Technologies by 3.3% during the 2nd quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock valued at $2,046,000 after purchasing an additional 3,297 shares during the last quarter. Schroder Investment Management Group raised its stake in Solaredge Technologies by 2.4% during the 2nd quarter. Schroder Investment Management Group now owns 138,517 shares of the semiconductor company’s stock valued at $2,791,000 after purchasing an additional 3,310 shares during the last quarter. CAPROCK Group Inc. raised its stake in Solaredge Technologies by 30.4% during the 3rd quarter. CAPROCK Group Inc. now owns 16,360 shares of the semiconductor company’s stock valued at $467,000 after purchasing an additional 3,815 shares during the last quarter. Finally, American International Group Inc. acquired a new position in Solaredge Technologies during the 3rd quarter valued at $123,000. Hedge funds and other institutional investors own 67.53% of the company’s stock.

Shares of Solaredge Technologies Inc (NASDAQ SEDG) traded up $0.85 during trading on Wednesday, reaching $36.50. 476,835 shares of the company’s stock traded hands, compared to its average volume of 646,516. The company has a market cap of $1,570.00 and a price-to-earnings ratio of 21.99. Solaredge Technologies Inc has a 12-month low of $12.25 and a 12-month high of $39.90.

Solaredge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, November 8th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.16. Solaredge Technologies had a net margin of 14.06% and a return on equity of 22.07%. analysts expect that Solaredge Technologies Inc will post 1.91 earnings per share for the current fiscal year.

In other news, VP Lior Handelsman sold 5,000 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $36.25, for a total value of $181,250.00. Following the sale, the vice president now owns 177,950 shares of the company’s stock, valued at approximately $6,450,687.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Yoav Galin sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $32.82, for a total transaction of $328,200.00. Following the completion of the sale, the vice president now directly owns 35,000 shares in the company, valued at approximately $1,148,700. The disclosure for this sale can be found here. Insiders sold a total of 156,320 shares of company stock worth $5,835,799 in the last three months. Insiders own 16.40% of the company’s stock.

Several equities analysts recently commented on SEDG shares. ValuEngine cut shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Deutsche Bank cut shares of Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 target price for the company. in a research note on Monday, November 27th. Zacks Investment Research upgraded shares of Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 target price for the company in a research note on Tuesday, November 14th. JPMorgan Chase & Co. upped their target price on shares of Solaredge Technologies to $43.00 and gave the company an “overweight” rating in a research note on Thursday, November 9th. Finally, BidaskClub cut shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $34.19.

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About Solaredge Technologies

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

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Institutional Ownership by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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