SG Americas Securities LLC Purchases 14,775 Shares of SolarEdge Technologies, Inc. $SEDG

SG Americas Securities LLC grew its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 5.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 289,907 shares of the semiconductor company’s stock after purchasing an additional 14,775 shares during the quarter. SG Americas Securities LLC’s holdings in SolarEdge Technologies were worth $14,800,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in SEDG. Goldman Sachs Group Inc. boosted its stake in SolarEdge Technologies by 8.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after purchasing an additional 79,461 shares during the period. First Trust Advisors LP boosted its position in shares of SolarEdge Technologies by 2.8% in the second quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after acquiring an additional 15,333 shares during the period. The Manufacturers Life Insurance Company increased its position in SolarEdge Technologies by 4.6% during the second quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock worth $327,000 after acquiring an additional 700 shares during the period. Bayesian Capital Management LP bought a new position in SolarEdge Technologies during the second quarter worth $206,000. Finally, Canada Pension Plan Investment Board acquired a new position in SolarEdge Technologies during the 2nd quarter valued at $35,000. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 4.3%

Shares of SolarEdge Technologies stock opened at $51.88 on Friday. The firm has a market capitalization of $3.16 billion, a PE ratio of -8.46 and a beta of 1.42. 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 company’s fifty day moving average price is $54.32 and its two-hundred day moving average price is $42.94. SolarEdge Technologies, Inc. has a 52-week low of $19.09 and a 52-week high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business had revenue of $309.90 million for the quarter, compared to the consensus estimate of $305.49 million. During the same period in the previous year, the business posted ($1.14) earnings per share. SolarEdge Technologies’s revenue was up 41.5% on a year-over-year basis. On average, analysts expect that SolarEdge Technologies, Inc. will post -1.12 EPS for the current year.

Wall Street Analyst Weigh In

SEDG has been the subject of a number of research reports. Jefferies Financial Group raised shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and increased their price target for the company from $30.00 to $49.00 in a report on Friday, March 20th. TD Cowen upped their price objective on shares of SolarEdge Technologies from $43.00 to $85.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research note on Thursday, May 7th. Royal Bank Of Canada decreased their target price on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 7th. Finally, Citigroup cut their price target on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $35.67.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the transaction, the chairman owned 295,379 shares in the company, valued at $11,448,890.04. This trade represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.04% of the stock is owned by company insiders.

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.