Solaredge Technologies Inc (NASDAQ:SEDG) was the target of some unusual options trading activity on Monday. Investors acquired 3,728 put options on the stock. This is an increase of approximately 947% compared to the average volume of 356 put options.

NASDAQ:SEDG opened at $42.05 on Wednesday. The stock has a market capitalization of $1.92 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 0.68 and a beta of -0.51. Solaredge Technologies has a 52 week low of $25.25 and a 52 week high of $70.74.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.73 by $0.09. The firm had revenue of $227.10 million during the quarter, compared to analyst estimates of $225.31 million. Solaredge Technologies had a net margin of 14.85% and a return on equity of 32.26%. The company’s revenue for the quarter was up 66.9% on a year-over-year basis. During the same quarter last year, the business posted $0.55 EPS. equities research analysts forecast that Solaredge Technologies will post 2.82 earnings per share for the current year.

Several equities analysts recently weighed in on SEDG shares. Roth Capital set a $70.00 price target on shares of Solaredge Technologies and gave the company a “buy” rating in a research report on Saturday, May 26th. BidaskClub lowered shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 25th. Cowen reiterated a “buy” rating and issued a $57.00 price objective on shares of Solaredge Technologies in a research note on Friday, August 3rd. ValuEngine lowered shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Friday, August 3rd. Finally, Zacks Investment Research lowered shares of Solaredge Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, August 9th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $58.36.

In related news, VP Meir Adest sold 24,000 shares of the firm’s stock in a transaction dated Monday, July 2nd. The shares were sold at an average price of $49.80, for a total value of $1,195,200.00. Following the transaction, the vice president now owns 364,456 shares of the company’s stock, valued at approximately $18,149,908.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 53,601 shares of company stock worth $2,837,334. 9.70% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the business. BlackRock Inc. increased its stake in shares of Solaredge Technologies by 13.0% during the 2nd quarter. BlackRock Inc. now owns 3,708,519 shares of the semiconductor company’s stock worth $177,453,000 after purchasing an additional 426,231 shares during the last quarter. Menora Mivtachim Holdings LTD. increased its stake in shares of Solaredge Technologies by 56.2% during the 2nd quarter. Menora Mivtachim Holdings LTD. now owns 3,139,422 shares of the semiconductor company’s stock worth $150,221,000 after purchasing an additional 1,129,338 shares during the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of Solaredge Technologies by 44.6% during the 2nd quarter. NN Investment Partners Holdings N.V. now owns 2,434,444 shares of the semiconductor company’s stock worth $116,488,000 after purchasing an additional 751,314 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd increased its stake in shares of Solaredge Technologies by 59.4% during the 2nd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,228,457 shares of the semiconductor company’s stock worth $58,782,000 after purchasing an additional 457,908 shares during the last quarter. Finally, Robecosam AG increased its stake in shares of Solaredge Technologies by 79.8% during the 1st quarter. Robecosam AG now owns 935,000 shares of the semiconductor company’s stock worth $49,181,000 after purchasing an additional 415,000 shares during the last quarter. Hedge funds and other institutional investors own 73.77% of the company’s stock.

Solaredge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

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