SolarEdge Technologies, Inc. $SEDG Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 18.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,405 shares of the semiconductor company’s stock after acquiring an additional 27,685 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.29% of SolarEdge Technologies worth $10,601,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in SEDG. Handelsbanken Fonder AB increased its position in SolarEdge Technologies by 28.6% during 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. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of SolarEdge Technologies in the 2nd quarter valued at approximately $55,514,000. Vanguard Group Inc. lifted its holdings in shares of SolarEdge Technologies by 5.5% in the 4th quarter. Vanguard Group Inc. now owns 3,368,073 shares of the semiconductor company’s stock valued at $97,169,000 after buying an additional 175,582 shares during the period. Bank of America Corp DE boosted its stake in shares of SolarEdge Technologies by 218.6% in the first quarter. Bank of America Corp DE now owns 404,297 shares of the semiconductor company’s stock valued at $20,639,000 after buying an additional 277,385 shares in the last quarter. Finally, ING Groep NV purchased a new stake in shares of SolarEdge Technologies in the fourth quarter valued at approximately $13,848,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Price Performance

SEDG opened at $34.20 on Monday. The business’s fifty day moving average is $41.77 and its two-hundred day moving average is $46.42. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.38 and a current ratio of 2.03. The company has a market cap of $2.10 billion, a price-to-earnings ratio of -7.60 and a beta of 1.44. SolarEdge Technologies, Inc. has a one year low of $28.21 and a one year high of $81.25.

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

Analyst Ratings Changes

Several research firms have issued reports on SEDG. Glj Research reiterated a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, June 11th. Barclays lowered their price target on shares of SolarEdge Technologies from $53.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Thursday, August 6th. UBS Group upgraded shares of SolarEdge Technologies from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $42.00 in a report on Wednesday, August 26th. The Goldman Sachs Group reduced their price objective on shares of SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a research note on Thursday, August 6th. Finally, Royal Bank Of Canada decreased their price objective on shares of SolarEdge Technologies from $30.00 to $24.00 and set a “sector perform” rating on the stock in a report on Thursday, August 6th. Two research analysts have rated the stock with a Buy rating, ten have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $38.36.

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.