Grantham Mayo Van Otterloo & Co. LLC Sells 1,308,600 Shares of SolarEdge Technologies, Inc. $SEDG

Grantham Mayo Van Otterloo & Co. LLC cut its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 32.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,696,869 shares of the semiconductor company’s stock after selling 1,308,600 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in SolarEdge Technologies were worth $99,784,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Accent Capital Management LLC acquired a new position in SolarEdge Technologies during the third quarter worth $25,000. Hantz Financial Services Inc. grew its position in shares of SolarEdge Technologies by 352.5% in the 3rd quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 571 shares during the period. Whittier Trust Co. acquired a new position in shares of SolarEdge Technologies during the 3rd quarter worth about $27,000. Canada Pension Plan Investment Board bought a new stake in shares of SolarEdge Technologies in the 2nd quarter valued at about $35,000. Finally, Tower Research Capital LLC TRC lifted its stake in SolarEdge Technologies by 28.7% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,481 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 553 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

SolarEdge Technologies Trading Down 5.3%

Shares of SolarEdge Technologies stock opened at $33.37 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.17. The firm has a 50-day moving average of $34.52 and a 200-day moving average of $34.60. SolarEdge Technologies, Inc. has a 52-week low of $11.00 and a 52-week high of $48.60. The stock has a market cap of $2.01 billion, a PE ratio of -4.85 and a beta of 1.62.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.05. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. The business had revenue of $333.80 million during the quarter, compared to analysts’ expectations of $330.33 million. During the same quarter in the previous year, the company earned ($3.52) EPS. The business’s revenue was up 70.9% on a year-over-year basis. As a group, sell-side analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Analysts Set New Price Targets

SEDG has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on SolarEdge Technologies from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Friday, February 20th. UBS Group reduced their target price on SolarEdge Technologies from $40.00 to $36.00 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Barclays boosted their target price on SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a report on Thursday, January 15th. Deutsche Bank Aktiengesellschaft cut their price target on SolarEdge Technologies from $35.00 to $33.00 and set a “hold” rating for the company in a report on Friday, February 20th. Finally, TD Cowen upped their price objective on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the company a “buy” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $27.09.

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.