Menora Mivtachim Holdings LTD. Raises Stock Holdings in SolarEdge Technologies, Inc. $SEDG

Menora Mivtachim Holdings LTD. boosted its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 41.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,103,521 shares of the semiconductor company’s stock after purchasing an additional 612,884 shares during the quarter. Menora Mivtachim Holdings LTD. owned about 3.52% of SolarEdge Technologies worth $77,830,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Goldman Sachs Group Inc. raised its holdings in SolarEdge Technologies by 8.7% in the first quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock worth $16,147,000 after purchasing an additional 79,461 shares in the last quarter. Bank of Montreal Can lifted its position in shares of SolarEdge Technologies by 10.2% during the second quarter. Bank of Montreal Can now owns 26,637 shares of the semiconductor company’s stock valued at $543,000 after buying an additional 2,468 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its holdings in shares of SolarEdge Technologies by 6.7% in the 2nd quarter. Resona Asset Management Co. Ltd. now owns 6,472 shares of the semiconductor company’s stock valued at $128,000 after buying an additional 404 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of SolarEdge Technologies by 1.0% in the 2nd quarter. Geode Capital Management LLC now owns 749,589 shares of the semiconductor company’s stock valued at $15,295,000 after buying an additional 7,552 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. grew its position in shares of SolarEdge Technologies by 2.9% in the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 54,133 shares of the semiconductor company’s stock worth $1,158,000 after buying an additional 1,523 shares during the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Down 2.5%

SEDG stock opened at $35.19 on Friday. The stock has a market capitalization of $2.12 billion, a PE ratio of -5.11 and a beta of 1.62. SolarEdge Technologies, Inc. has a 52 week low of $11.00 and a 52 week high of $48.60. The company has a quick ratio of 1.48, a current ratio of 2.17 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average of $35.08 and a 200 day moving average of $34.69.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.05. The business had revenue of $333.80 million for the quarter, compared to analyst estimates of $330.33 million. SolarEdge Technologies had a negative net margin of 34.23% and a negative return on equity of 45.54%. SolarEdge Technologies’s revenue for the quarter was up 70.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($3.52) EPS. Sell-side analysts forecast that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Raymond James Financial assumed coverage on shares of SolarEdge Technologies in a research note on Tuesday, January 13th. They set a “market perform” rating for the company. The Goldman Sachs Group raised their target price on shares of SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Jefferies Financial Group reaffirmed an “underperform” rating on shares of SolarEdge Technologies in a report on Wednesday, January 21st. TD Cowen upped their price target on SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Morgan Stanley increased their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a report on Thursday, February 19th. One equities research analyst has rated the stock with a Buy rating, seventeen have given a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, SolarEdge Technologies has an average rating of “Reduce” and an average target price of $27.68.

SolarEdge Technologies Company 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.