J.W. Cole Advisors Inc. Has $201,000 Holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

J.W. Cole Advisors Inc. reduced its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 33.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,147 shares of the semiconductor company’s stock after selling 1,085 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in SolarEdge Technologies were worth $201,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Altshuler Shaham Ltd increased its holdings in shares of SolarEdge Technologies by 143.8% during the third quarter. Altshuler Shaham Ltd now owns 20,856 shares of the semiconductor company’s stock worth $2,701,000 after purchasing an additional 12,302 shares during the period. International Assets Investment Management LLC increased its holdings in shares of SolarEdge Technologies by 20,293.3% during the fourth quarter. International Assets Investment Management LLC now owns 103,802 shares of the semiconductor company’s stock worth $9,716,000 after purchasing an additional 103,293 shares during the period. Royal London Asset Management Ltd. increased its holdings in shares of SolarEdge Technologies by 5.4% during the third quarter. Royal London Asset Management Ltd. now owns 21,492 shares of the semiconductor company’s stock worth $2,782,000 after purchasing an additional 1,101 shares during the period. Meitav Investment House Ltd. increased its holdings in shares of SolarEdge Technologies by 27.2% during the third quarter. Meitav Investment House Ltd. now owns 465,854 shares of the semiconductor company’s stock worth $61,231,000 after purchasing an additional 99,681 shares during the period. Finally, Compagnie Lombard Odier SCmA increased its holdings in shares of SolarEdge Technologies by 250.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 500 shares during the period. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $56.61 on Friday. SolarEdge Technologies, Inc. has a twelve month low of $53.59 and a twelve month high of $315.34. The company has a market capitalization of $3.23 billion, a PE ratio of 125.80 and a beta of 1.51. The firm has a fifty day simple moving average of $67.93 and a 200 day simple moving average of $78.13. The company has a quick ratio of 2.08, a current ratio of 3.70 and a debt-to-equity ratio of 0.28.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, topping the consensus estimate of ($2.01) by $0.60. SolarEdge Technologies had a net margin of 1.15% and a return on equity of 5.00%. The business had revenue of $316.04 million for the quarter, compared to analysts’ expectations of $319.97 million. On average, sell-side analysts forecast that SolarEdge Technologies, Inc. will post -4.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SEDG. Barclays increased their price target on shares of SolarEdge Technologies from $50.00 to $61.00 and gave the stock an “underweight” rating in a research report on Tuesday, April 16th. Mizuho reduced their price target on shares of SolarEdge Technologies from $106.00 to $104.00 and set a “buy” rating on the stock in a research report on Friday, April 19th. Wells Fargo & Company reduced their price target on shares of SolarEdge Technologies from $91.00 to $81.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 22nd. Truist Financial reduced their price target on shares of SolarEdge Technologies from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. Finally, B. Riley reduced their price target on shares of SolarEdge Technologies from $133.00 to $124.00 and set a “buy” rating on the stock in a research report on Monday. Four analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $98.38.

Insider Buying and Selling at SolarEdge Technologies

In related news, Director More Avery bought 7,000 shares of the company’s stock in a transaction on Thursday, February 29th. The shares were purchased at an average cost of $67.75 per share, for a total transaction of $474,250.00. Following the completion of the purchase, the director now directly owns 77,446 shares in the company, valued at $5,246,966.50. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.17% of the company’s stock.

About SolarEdge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally. It operates in two segments, Solar and Energy Storage.