SolarEdge Technologies, Inc. $SEDG Shares Sold by Mitsubishi UFJ Asset Management Co. Ltd.

Mitsubishi UFJ Asset Management Co. Ltd. reduced its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 34.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 25,390 shares of the semiconductor company’s stock after selling 13,579 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in SolarEdge Technologies were worth $796,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in SEDG. UBS Group AG raised its stake in SolarEdge Technologies by 234.8% during the 3rd quarter. UBS Group AG now owns 3,554,504 shares of the semiconductor company’s stock valued at $131,517,000 after acquiring an additional 2,492,776 shares during the last quarter. Electron Capital Partners LLC grew its stake in shares of SolarEdge Technologies by 107.8% in the 3rd quarter. Electron Capital Partners LLC now owns 1,732,566 shares of the semiconductor company’s stock valued at $64,105,000 after purchasing an additional 898,802 shares during the last quarter. PGGM Investments purchased a new position in shares of SolarEdge Technologies in the 3rd quarter valued at approximately $24,438,000. Handelsbanken Fonder AB acquired a new position in shares of SolarEdge Technologies in the third quarter valued at approximately $24,348,000. Finally, Menora Mivtachim Holdings LTD. increased its holdings in shares of SolarEdge Technologies by 41.1% in the third quarter. Menora Mivtachim Holdings LTD. now owns 2,103,521 shares of the semiconductor company’s stock valued at $77,830,000 after purchasing an additional 612,884 shares during the period. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Insider Buying and Selling

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of SolarEdge Technologies stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the transaction, the chairman directly owned 295,379 shares of the company’s stock, valued at $11,448,890.04. The trade was a 0.86% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.71% of the company’s stock.

SolarEdge Technologies Trading Down 3.3%

Shares of SEDG stock opened at $40.42 on Wednesday. The firm has a market cap of $2.46 billion, a P/E ratio of -6.59 and a beta of 1.18. SolarEdge Technologies, Inc. has a 1-year low of $13.73 and a 1-year high of $53.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The firm’s 50-day simple moving average is $42.89 and its 200-day simple moving average is $37.28.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The firm had revenue of $309.90 million during the quarter, compared to analyst estimates of $305.49 million. During the same quarter in the previous year, the business posted ($1.14) EPS. SolarEdge Technologies’s revenue was up 41.5% compared to the same quarter last year. As a group, equities analysts forecast that SolarEdge Technologies, Inc. will post -0.71 EPS for the current year.

Wall Street Analysts Forecast Growth

SEDG has been the subject of several analyst reports. TD Cowen increased their price target on shares of SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Bank of America upgraded SolarEdge Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $17.00 to $40.00 in a research report on Tuesday, March 10th. The Goldman Sachs Group reissued a “sell” rating and set a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a research note on Wednesday, April 15th. JPMorgan Chase & Co. raised their price target on SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Finally, Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and lifted their price target for the company from $30.00 to $49.00 in a research note on Friday, March 20th. One research analyst has rated the stock with a Buy rating, sixteen have issued a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $30.40.

About SolarEdge Technologies

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.