Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD Sells 34,245 Shares of SolarEdge Technologies, Inc. $SEDG

Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lessened its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 15.3% in the second quarter, Holdings Channel reports. The institutional investor owned 190,080 shares of the semiconductor company’s stock after selling 34,245 shares during the quarter. SolarEdge Technologies comprises about 1.4% of Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s portfolio, making the stock its 21st biggest position. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD’s holdings in SolarEdge Technologies were worth $11,108,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of SEDG. Allworth Financial LP bought a new stake in SolarEdge Technologies during the second quarter valued at $31,000. Nykredit A S purchased a new stake in shares of SolarEdge Technologies in the 2nd quarter valued at about $36,000. State of Wyoming bought a new stake in shares of SolarEdge Technologies during the 4th quarter valued at about $27,000. Kestra Advisory Services LLC bought a new stake in shares of SolarEdge Technologies during the 4th quarter valued at about $31,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of SolarEdge Technologies during the second quarter worth about $72,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

SolarEdge Technologies Stock Up 6.5%

NASDAQ SEDG opened at $36.43 on Wednesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.03 and a quick ratio of 1.38. The stock has a market capitalization of $2.24 billion, a PE ratio of -8.10 and a beta of 1.44. SolarEdge Technologies, Inc. has a 1 year low of $28.21 and a 1 year high of $81.25. The business’s 50-day moving average is $40.90 and its 200 day moving average is $46.41.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Wednesday, August 5th. The semiconductor company reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.07. The business had revenue of $346.20 million during the quarter, compared to analyst estimates of $341.15 million. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%.SolarEdge Technologies’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.81) EPS. Sell-side analysts forecast that SolarEdge Technologies, Inc. will post -1.23 earnings per share for the current year.

Wall Street Analysts Forecast Growth

SEDG has been the subject of several research analyst reports. Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. TD Cowen decreased their price target on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, July 20th. The Goldman Sachs Group dropped their price objective on shares of SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a report on Thursday, August 6th. Royal Bank Of Canada cut their target price on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating for the company in a research report on Thursday, August 6th. Finally, Wells Fargo & Company began coverage on SolarEdge Technologies in a research note on Monday, June 29th. They issued an “equal weight” rating and a $36.00 target price on the stock. Two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and five have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $38.36.

SolarEdge Technologies 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.