Erste Asset Management GmbH Sells 215,694 Shares of SolarEdge Technologies, Inc. $SEDG

Erste Asset Management GmbH decreased its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 30.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 497,869 shares of the semiconductor company’s stock after selling 215,694 shares during the quarter. Erste Asset Management GmbH owned about 0.83% of SolarEdge Technologies worth $18,760,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in SEDG. GAMMA Investing LLC increased its position in shares of SolarEdge Technologies by 5.1% during the 3rd quarter. GAMMA Investing LLC now owns 6,207 shares of the semiconductor company’s stock valued at $230,000 after purchasing an additional 302 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its stake in SolarEdge Technologies by 6.7% during the second quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock worth $128,000 after buying an additional 404 shares during the period. Tidal Investments LLC increased its position in SolarEdge Technologies by 1.2% during the second quarter. Tidal Investments LLC now owns 42,411 shares of the semiconductor company’s stock valued at $865,000 after acquiring an additional 484 shares during the last quarter. PNC Financial Services Group Inc. increased its position in SolarEdge Technologies by 7.9% during the third quarter. PNC Financial Services Group Inc. now owns 7,269 shares of the semiconductor company’s stock valued at $269,000 after acquiring an additional 530 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of 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 worth $51,000 after acquiring an additional 553 shares during the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently commented on SEDG. Morgan Stanley upped their price target on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. BMO Capital Markets upped their target price on SolarEdge Technologies from $19.00 to $25.00 and gave the company an “underperform” rating in a research note on Thursday, November 6th. The Goldman Sachs Group raised their price target on SolarEdge Technologies from $32.00 to $36.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “sell (d-)” rating on shares of SolarEdge Technologies in a report on Monday, December 29th. Finally, Royal Bank Of Canada lowered their target price on shares of SolarEdge Technologies from $34.00 to $32.00 and set a “sector perform” rating for the company in a research note on Thursday, February 19th. One analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $27.28.

SolarEdge Technologies Price Performance

Shares of SEDG stock opened at $35.40 on Friday. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -5.15 and a beta of 1.66. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82. SolarEdge Technologies, Inc. has a twelve month low of $11.00 and a twelve month high of $48.60. The stock has a fifty day simple moving average of $33.88 and a two-hundred day simple moving average of $34.26.

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

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.