SolarEdge Technologies, Inc. $SEDG Shares Bought by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 28.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 846,148 shares of the semiconductor company’s stock after acquiring an additional 188,086 shares during the quarter. Handelsbanken Fonder AB’s holdings in SolarEdge Technologies were worth $24,411,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of SEDG. Accent Capital Management LLC acquired a new position in shares of SolarEdge Technologies in the third quarter valued at approximately $25,000. Hantz Financial Services Inc. increased its holdings in shares of SolarEdge Technologies by 352.5% in the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after purchasing an additional 571 shares during the period. Whittier Trust Co. acquired a new position in shares of SolarEdge Technologies in the third quarter valued at 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, Rakuten Securities Inc. increased its holdings in shares of SolarEdge Technologies by 82.1% in the fourth quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 432 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Stock Up 3.1%

SEDG opened at $56.22 on Thursday. The business’s fifty day moving average is $44.92 and its two-hundred day moving average is $37.94. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.36 and a current ratio of 2.02. The company has a market cap of $3.42 billion, a price-to-earnings ratio of -9.17 and a beta of 1.18. SolarEdge Technologies, Inc. has a one year low of $13.73 and a one year high of $63.53.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The firm had revenue of $309.90 million for the quarter, compared to analysts’ expectations of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The firm’s revenue for the quarter was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($1.14) earnings per share. Analysts anticipate that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SEDG. TD Cowen boosted their target price on SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 19th. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $17.00 to $40.00 in a report on Tuesday, March 10th. Morgan Stanley boosted their target price on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. JPMorgan Chase & Co. lifted their price target on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Citigroup decreased their price target on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating on the stock in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, sixteen have assigned a Hold rating and seven 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 price target of $30.40.

Insider Buying and Selling

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the sale, the chairman directly owned 295,379 shares in the company, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.71% of the company’s stock.

About SolarEdge Technologies

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.