42,835 Shares in SolarEdge Technologies, Inc. $SEDG Acquired by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans purchased a new stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 42,835 shares of the semiconductor company’s stock, valued at approximately $1,585,000. Thrivent Financial for Lutherans owned about 0.07% of SolarEdge Technologies at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in shares of SolarEdge Technologies by 612.9% in the third quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock valued at $53,600,000 after purchasing an additional 1,245,445 shares during the period. Menora Mivtachim Holdings LTD. grew its stake in 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 last quarter. Electron Capital Partners LLC acquired a new stake in SolarEdge Technologies during the second quarter worth approximately $17,009,000. Jump Financial LLC acquired a new stake in SolarEdge Technologies during the second quarter worth approximately $15,982,000. Finally, PGGM Investments bought a new stake in shares of SolarEdge Technologies during the third quarter worth approximately $24,438,000. 95.10% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. TD Cowen upgraded SolarEdge Technologies from a “hold” rating to a “buy” rating and increased their target price for the stock from $34.00 to $38.00 in a research note on Friday, January 9th. UBS Group upped their price objective on SolarEdge Technologies from $30.00 to $40.00 and gave the company a “neutral” rating in a report on Friday, November 14th. JPMorgan Chase & Co. lifted their target price on SolarEdge Technologies from $27.00 to $29.00 and gave the stock a “neutral” rating in a report on Thursday, October 16th. Raymond James Financial initiated coverage on shares of SolarEdge Technologies in a research report on Tuesday, January 13th. They issued a “market perform” rating for the company. Finally, Royal Bank Of Canada raised their price target on shares of SolarEdge Technologies from $25.00 to $34.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and eight have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average target price of $25.45.

SolarEdge Technologies Stock Down 5.3%

SEDG stock opened at $34.41 on Friday. SolarEdge Technologies, Inc. has a 52 week low of $11.00 and a 52 week high of $48.60. The business has a 50-day simple moving average of $32.10 and a 200 day simple moving average of $33.31. The company has a quick ratio of 1.60, a current ratio of 2.28 and a debt-to-equity ratio of 0.78. The company has a market cap of $2.06 billion, a PE ratio of -3.56 and a beta of 1.66.

SolarEdge Technologies Profile

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.