Marex Group plc Invests $518,000 in SolarEdge Technologies, Inc. $SEDG

Marex Group plc bought a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the second quarter, Holdings Channel reports. The fund bought 25,406 shares of the semiconductor company’s stock, valued at approximately $518,000.

A number of other large investors have also added to or reduced their stakes in the stock. Ion Asset Management Ltd. increased its stake in SolarEdge Technologies by 135.9% in the first quarter. Ion Asset Management Ltd. now owns 2,082,497 shares of the semiconductor company’s stock valued at $33,695,000 after acquiring an additional 1,199,801 shares during the last quarter. Menora Mivtachim Holdings LTD. grew its stake in shares of SolarEdge Technologies by 213.4% in the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock valued at $30,409,000 after buying an additional 1,015,017 shares during the period. Electron Capital Partners LLC purchased a new position in shares of SolarEdge Technologies during the second quarter valued at approximately $17,009,000. Jump Financial LLC bought a new stake in shares of SolarEdge Technologies in the 2nd quarter worth $15,982,000. Finally, PDT Partners LLC bought a new position in shares of SolarEdge Technologies in the second quarter valued at approximately $8,508,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on SEDG shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of SolarEdge Technologies from $19.00 to $28.00 and gave the company a “hold” rating in a research report on Wednesday, October 1st. Guggenheim upped their target price on SolarEdge Technologies from $5.00 to $7.00 and gave the stock a “sell” rating in a research note on Monday, August 25th. Citigroup boosted their price objective on SolarEdge Technologies from $9.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, October 21st. UBS Group increased their target price on shares of SolarEdge Technologies from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, November 14th. Finally, JPMorgan Chase & Co. boosted their target price on SolarEdge Technologies from $27.00 to $29.00 and gave the company a “neutral” rating in a research note on Thursday, October 16th. Eighteen equities research analysts have rated the stock with a Hold rating and ten have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $24.62.

SolarEdge Technologies Price Performance

Shares of NASDAQ:SEDG opened at $28.54 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.28 and a quick ratio of 1.60. The company has a market capitalization of $1.71 billion, a PE ratio of -2.95 and a beta of 1.67. SolarEdge Technologies, Inc. has a 1-year low of $11.00 and a 1-year high of $48.60. The business has a fifty day moving average price of $35.83 and a 200-day moving average price of $30.49.

SolarEdge Technologies Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.