Y.D. More Investments Ltd grew its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG – Free Report) by 7,643.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 360,460 shares of the semiconductor company’s stock after purchasing an additional 355,805 shares during the quarter. SolarEdge Technologies makes up approximately 0.5% of Y.D. More Investments Ltd’s investment portfolio, making the stock its 28th largest holding. Y.D. More Investments Ltd owned approximately 0.60% of SolarEdge Technologies worth $10,399,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Accent Capital Management LLC acquired a new position in SolarEdge Technologies in the 3rd quarter valued at about $25,000. Hantz Financial Services Inc. lifted its position in SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 571 shares during the last quarter. Whittier Trust Co. bought a new stake in shares of SolarEdge Technologies during the third quarter worth approximately $27,000. Saranac Partners Ltd acquired a new position in shares of SolarEdge Technologies in the third quarter valued at approximately $28,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of SolarEdge Technologies in the second quarter valued at approximately $35,000. Institutional investors and hedge funds own 95.10% of the company’s stock.
SolarEdge Technologies Price Performance
SEDG stock opened at $48.75 on Monday. The company’s 50-day moving average price is $39.69 and its two-hundred day moving average price is $36.43. The firm has a market cap of $2.94 billion, a P/E ratio of -7.09 and a beta of 1.35. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. SolarEdge Technologies, Inc. has a 12 month low of $11.00 and a 12 month high of $53.75.
Analyst Ratings Changes
Several research firms recently weighed in on SEDG. Weiss Ratings reissued a “sell (d-)” rating on shares of SolarEdge Technologies in a report on Monday, December 29th. Morgan Stanley increased their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and lifted their target price for the stock from $17.00 to $40.00 in a report on Tuesday, March 10th. Wells Fargo & Company boosted their target price on shares of SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Friday, February 20th. Finally, Raymond James Financial assumed coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a Buy rating, eighteen have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $29.09.
Check Out Our Latest Stock Analysis on SolarEdge Technologies
SolarEdge Technologies Company Profile
SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.
In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.
See Also
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