Louisiana State Employees Retirement System Makes New Investment in SolarEdge Technologies, Inc. $SEDG

Louisiana State Employees Retirement System bought a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 26,500 shares of the semiconductor company’s stock, valued at approximately $1,353,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Handelsbanken Fonder AB raised its holdings in shares of SolarEdge Technologies by 28.6% in the 4th quarter. Handelsbanken Fonder AB now owns 846,148 shares of the semiconductor company’s stock worth $24,411,000 after purchasing an additional 188,086 shares during the period. Vanguard Group Inc. grew its holdings in shares of SolarEdge Technologies by 5.5% during the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock worth $97,169,000 after purchasing an additional 175,582 shares during the period. Aquatic Capital Management LLC increased its position in SolarEdge Technologies by 1,282.8% during the 3rd quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock worth $4,643,000 after purchasing an additional 116,399 shares in the last quarter. UBS Group AG raised its holdings in SolarEdge Technologies by 18.5% in the fourth quarter. UBS Group AG now owns 4,210,429 shares of the semiconductor company’s stock valued at $121,471,000 after buying an additional 655,925 shares during the period. Finally, BlueCrest Capital Management Ltd purchased a new position in SolarEdge Technologies in the third quarter valued at approximately $2,547,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Trading Down 6.5%

SEDG opened at $52.38 on Friday. The firm has a market capitalization of $3.19 billion, a P/E ratio of -8.54 and a beta of 1.45. The firm’s 50 day moving average is $55.89 and its 200-day moving average is $43.79. SolarEdge Technologies, Inc. has a 52-week low of $23.01 and a 52-week high of $81.25. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85.

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 analyst estimates of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The company’s revenue for the quarter was up 41.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.14) earnings per share. Analysts expect that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

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 shares were sold at an average price of $38.76, for a total value of $99,458.16. Following the transaction, the chairman owned 295,379 shares in the company, valued at $11,448,890.04. The trade was a 0.86% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.04% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SEDG shares. The Goldman Sachs Group reiterated a “sell” rating and set a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. Jefferies Financial Group upgraded shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their target price for the company from $30.00 to $49.00 in a report on Friday, March 20th. Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $17.00 to $40.00 in a research report on Tuesday, March 10th. Citigroup lowered their price target on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Finally, Barclays raised their price objective on SolarEdge Technologies from $39.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 8th. One analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Reduce” and an average price target of $35.67.

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.