KCS Wealth Advisory Reduces Stock Holdings in Solaredge Technologies Inc (NASDAQ:SEDG)

KCS Wealth Advisory trimmed its position in Solaredge Technologies Inc (NASDAQ:SEDG) by 9.7% during the 4th quarter, HoldingsChannel reports. The firm owned 2,106 shares of the semiconductor company’s stock after selling 225 shares during the period. KCS Wealth Advisory’s holdings in Solaredge Technologies were worth $200,000 as of its most recent filing with the SEC.

A number of other large investors have also recently made changes to their positions in the business. Man Group plc purchased a new position in shares of Solaredge Technologies during the 3rd quarter valued at about $1,065,000. Squarepoint Ops LLC lifted its position in shares of Solaredge Technologies by 4.4% during the 3rd quarter. Squarepoint Ops LLC now owns 81,362 shares of the semiconductor company’s stock valued at $6,812,000 after buying an additional 3,446 shares in the last quarter. Tenzing Global Management LLC purchased a new position in shares of Solaredge Technologies during the 3rd quarter valued at about $3,767,000. Voloridge Investment Management LLC lifted its position in shares of Solaredge Technologies by 83.4% during the 3rd quarter. Voloridge Investment Management LLC now owns 35,555 shares of the semiconductor company’s stock valued at $2,977,000 after buying an additional 16,173 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new position in shares of Solaredge Technologies during the 3rd quarter valued at about $9,855,000. 79.76% of the stock is currently owned by institutional investors and hedge funds.

NASDAQ SEDG opened at $103.61 on Thursday. The stock’s 50 day moving average is $92.98 and its 200 day moving average is $81.56. The company has a current ratio of 2.49, a quick ratio of 2.09 and a debt-to-equity ratio of 0.04. Solaredge Technologies Inc has a 12 month low of $35.56 and a 12 month high of $106.14. The stock has a market cap of $5.04 billion, a PE ratio of 38.52, a P/E/G ratio of 1.11 and a beta of 0.06.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported $1.21 EPS for the quarter, topping the Zacks’ consensus estimate of $0.99 by $0.22. Solaredge Technologies had a return on equity of 15.89% and a net margin of 8.39%. The company had revenue of $410.56 million for the quarter, compared to analysts’ expectations of $402.89 million. During the same period in the previous year, the firm earned $0.86 EPS. The firm’s revenue was up 73.5% compared to the same quarter last year. On average, analysts forecast that Solaredge Technologies Inc will post 3 EPS for the current fiscal year.

In other Solaredge Technologies news, CEO Zvi Lando sold 28,603 shares of Solaredge Technologies stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $77.95, for a total value of $2,229,603.85. Also, VP Yoav Galin sold 1,070 shares of Solaredge Technologies stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $105.46, for a total value of $112,842.20. Following the completion of the sale, the vice president now directly owns 165,855 shares in the company, valued at approximately $17,491,068.30. The disclosure for this sale can be found here. In the last ninety days, insiders sold 143,312 shares of company stock worth $12,924,417. Corporate insiders own 7.90% of the company’s stock.

SEDG has been the topic of a number of analyst reports. Canaccord Genuity lifted their price objective on Solaredge Technologies from $78.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, November 4th. BidaskClub raised Solaredge Technologies from a “hold” rating to a “buy” rating in a research report on Friday, January 3rd. ValuEngine raised Solaredge Technologies from a “sell” rating to a “hold” rating in a report on Monday, December 16th. Cascend Securities boosted their price target on Solaredge Technologies from $100.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, January 10th. Finally, Zacks Investment Research cut Solaredge Technologies from a “buy” rating to a “hold” rating in a report on Wednesday, January 8th. Five equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $93.31.

About Solaredge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform.

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Institutional Ownership by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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