Quadrature Capital Ltd Raises Position in SolarEdge Technologies, Inc. $SEDG

Quadrature Capital Ltd raised its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 167.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 52,447 shares of the semiconductor company’s stock after acquiring an additional 32,855 shares during the quarter. Quadrature Capital Ltd’s holdings in SolarEdge Technologies were worth $1,069,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SEDG. Resona Asset Management Co. Ltd. lifted its position in shares of SolarEdge Technologies by 6.7% in the second quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock valued at $128,000 after acquiring an additional 404 shares in the last quarter. Maryland State Retirement & Pension System raised its stake in SolarEdge Technologies by 2.9% in the 2nd quarter. Maryland State Retirement & Pension System now owns 17,352 shares of the semiconductor company’s stock valued at $354,000 after purchasing an additional 486 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in SolarEdge Technologies by 21.5% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 2,868 shares of the semiconductor company’s stock valued at $59,000 after purchasing an additional 508 shares in the last quarter. Edmond DE Rothschild Holding S.A. boosted its stake in SolarEdge Technologies by 60.0% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 1,600 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 600 shares during the last quarter. Finally, Deutsche Bank AG grew its holdings in shares of SolarEdge Technologies by 0.5% during the first quarter. Deutsche Bank AG now owns 148,734 shares of the semiconductor company’s stock worth $2,407,000 after buying an additional 766 shares in the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on SEDG shares. Weiss Ratings reissued a “sell (e+)” rating on shares of SolarEdge Technologies in a research note on Monday, November 24th. Susquehanna increased their price objective on shares of SolarEdge Technologies from $25.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 13th. The Goldman Sachs Group boosted their target price on SolarEdge Technologies from $27.00 to $31.00 and gave the stock a “neutral” rating in a report on Thursday, September 11th. Morgan Stanley increased their price target on SolarEdge Technologies from $25.00 to $27.00 and gave the company an “underweight” rating in a report on Thursday, November 6th. Finally, Oppenheimer reiterated a “market perform” rating on shares of SolarEdge Technologies in a research report on Monday, August 11th. Eighteen research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $24.62.

SolarEdge Technologies Stock Up 2.5%

SEDG stock opened at $36.36 on Monday. SolarEdge Technologies, Inc. has a one year low of $11.00 and a one year high of $48.60. The firm has a market cap of $2.17 billion, a PE ratio of -1.21 and a beta of 1.63. The firm’s 50 day moving average price is $37.29 and its 200-day moving average price is $29.52. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.94.

SolarEdge Technologies Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.