19,231 SolarEdge Technologies, Inc. $SEDG Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. raised its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 250.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,921 shares of the semiconductor company’s stock after acquiring an additional 19,231 shares during the period. Vontobel Holding Ltd.’s holdings in SolarEdge Technologies were worth $858,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of SEDG. Legal & General Group Plc purchased a new position in shares of SolarEdge Technologies in the second quarter valued at $76,095,000. Clal Insurance Enterprises Holdings Ltd bought a new stake in SolarEdge Technologies in the second quarter worth $55,514,000. Meitav Investment House Ltd. raised its stake in SolarEdge Technologies by 541.6% during the first quarter. Meitav Investment House Ltd. now owns 1,017,551 shares of the semiconductor company’s stock valued at $51,946,000 after purchasing an additional 858,954 shares in the last quarter. Bank of America Corp DE raised its stake in SolarEdge Technologies by 218.6% during 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 purchasing an additional 277,385 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in SolarEdge Technologies by 303.2% during the first quarter. Dimensional Fund Advisors LP now owns 314,066 shares of the semiconductor company’s stock valued at $16,031,000 after purchasing an additional 236,176 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on SEDG shares. Weiss Ratings upgraded shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Friday, October 2nd. Susquehanna decreased their target price on shares of SolarEdge Technologies from $38.00 to $32.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 14th. TD Cowen decreased their target price on shares of SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating on the stock in a research report on Monday, July 20th. Royal Bank Of Canada increased their price target on shares of SolarEdge Technologies from $24.00 to $30.00 and gave the company a “sector perform” rating in a report on Friday, September 11th. Finally, The Goldman Sachs Group dropped their price target on SolarEdge Technologies from $34.00 to $30.00 and set a “sell” rating for the company in a research report on Thursday, August 6th. Two equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and five have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $38.33.

SolarEdge Technologies Stock Performance

NASDAQ SEDG opened at $32.36 on Wednesday. The company has a market cap of $1.99 billion, a P/E ratio of -7.19 and a beta of 1.44. 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 business’s 50 day moving average price is $32.90 and its 200-day moving average price is $44.54. SolarEdge Technologies, Inc. has a fifty-two week low of $28.21 and a fifty-two week high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly 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. The company had revenue of $346.20 million for the quarter, compared to analyst estimates of $341.15 million. SolarEdge Technologies had a negative return on equity of 29.17% and a negative net margin of 20.29%. SolarEdge Technologies’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.81) EPS. Sell-side analysts predict that SolarEdge Technologies, Inc. will post -1.20 earnings per share for the current year.

SolarEdge Technologies Profile

SolarEdge Technologies, Inc (NASDAQ: SEDG) develops technologies for solar energy generation, storage and management. Its core products include power optimizers, solar inverters and monitoring systems designed to improve the performance, visibility and safety of photovoltaic installations.

The company also offers complementary smart-energy solutions, including battery storage, electric-vehicle charging equipment, energy-management software and related products for residential, commercial and industrial customers.