SolarEdge Technologies, Inc. (SEDG) VP Yoav Galin Sells 15,000 Shares of Stock
SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Yoav Galin sold 15,000 shares of the stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.35, for a total value of $395,250.00. Following the transaction, the vice president now owns 65,000 shares in the company, valued at $1,712,750. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Yoav Galin also recently made the following trade(s):
- On Thursday, August 3rd, Yoav Galin sold 10,000 shares of SolarEdge Technologies stock. The stock was sold at an average price of $27.34, for a total value of $273,400.00.
SolarEdge Technologies, Inc. (NASDAQ SEDG) traded down 0.19% during midday trading on Friday, reaching $26.90. The company had a trading volume of 1,441,174 shares. The company has a 50-day moving average of $26.26 and a 200-day moving average of $19.75. The stock has a market capitalization of $1.13 billion and a PE ratio of 23.85. SolarEdge Technologies, Inc. has a 12-month low of $11.35 and a 12-month high of $27.20.
SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.37 by $0.18. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The business had revenue of $136.10 million for the quarter, compared to the consensus estimate of $125.07 million. During the same period in the previous year, the company posted $0.44 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict that SolarEdge Technologies, Inc. will post $1.89 EPS for the current fiscal year.
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A number of institutional investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp boosted its holdings in SolarEdge Technologies by 0.6% in the first quarter. Van ECK Associates Corp now owns 31,558 shares of the semiconductor company’s stock worth $492,000 after acquiring an additional 182 shares in the last quarter. California Public Employees Retirement System boosted its holdings in SolarEdge Technologies by 5.3% in the first quarter. California Public Employees Retirement System now owns 17,800 shares of the semiconductor company’s stock worth $278,000 after acquiring an additional 900 shares in the last quarter. Swiss National Bank boosted its holdings in SolarEdge Technologies by 7.5% in the first quarter. Swiss National Bank now owns 37,400 shares of the semiconductor company’s stock worth $583,000 after acquiring an additional 2,600 shares in the last quarter. Northern Trust Corp boosted its holdings in SolarEdge Technologies by 3.3% in the second quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock worth $2,046,000 after acquiring an additional 3,297 shares in the last quarter. Finally, Schroder Investment Management Group boosted its holdings in SolarEdge Technologies by 2.4% in the second quarter. Schroder Investment Management Group now owns 138,517 shares of the semiconductor company’s stock worth $2,791,000 after acquiring an additional 3,310 shares in the last quarter. 57.80% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms have issued reports on SEDG. BidaskClub upgraded SolarEdge Technologies from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 8th. Barclays PLC restated an “overweight” rating and set a $28.00 price target (up from $21.00) on shares of SolarEdge Technologies in a report on Wednesday, August 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $30.00 target price (up from $25.00) on shares of SolarEdge Technologies in a research report on Wednesday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $30.00 target price (up from $25.00) on shares of SolarEdge Technologies in a research report on Thursday, August 3rd. Finally, Axiom Securities reaffirmed a “sell” rating on shares of SolarEdge Technologies in a research report on Thursday, August 10th. Three research analysts have rated the stock with a sell rating, one has given a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $23.11.
About SolarEdge Technologies
SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.
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