Bank Hapoalim BM lifted its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG – Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,573 shares of the semiconductor company’s stock after purchasing an additional 812 shares during the period. Bank Hapoalim BM’s holdings in SolarEdge Technologies were worth $769,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors also recently bought and sold shares of the business. Swedbank AB purchased a new stake in shares of SolarEdge Technologies in the first quarter valued at approximately $261,312,000. Vanguard Group Inc. increased its holdings in SolarEdge Technologies by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 2,347,396 shares of the semiconductor company’s stock worth $166,618,000 after acquiring an additional 62,942 shares in the last quarter. Quarry LP purchased a new stake in SolarEdge Technologies in the 2nd quarter worth $36,627,000. Harel Insurance Investments & Financial Services Ltd. raised its position in SolarEdge Technologies by 0.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,010,729 shares of the semiconductor company’s stock worth $25,531,000 after acquiring an additional 2,795 shares during the period. Finally, Meitav Investment House Ltd. lifted its holdings in SolarEdge Technologies by 9.6% during the third quarter. Meitav Investment House Ltd. now owns 582,109 shares of the semiconductor company’s stock valued at $13,340,000 after purchasing an additional 51,065 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.
SolarEdge Technologies Trading Down 1.4 %
Shares of SEDG stock traded down $0.23 during trading hours on Thursday, hitting $16.66. The company had a trading volume of 101,209 shares, compared to its average volume of 3,309,779. SolarEdge Technologies, Inc. has a fifty-two week low of $14.82 and a fifty-two week high of $103.15. The company has a debt-to-equity ratio of 0.32, a current ratio of 5.10 and a quick ratio of 2.45. The company’s fifty day moving average is $20.44 and its 200 day moving average is $32.74. The stock has a market capitalization of $954.60 million, a PE ratio of -3.60 and a beta of 1.56.
Wall Street Analyst Weigh In
Several research analysts recently weighed in on the stock. BMO Capital Markets reduced their price target on shares of SolarEdge Technologies from $24.00 to $21.00 and set a “market perform” rating for the company in a research report on Monday, October 14th. Glj Research cut SolarEdge Technologies from a “strong-buy” rating to a “strong sell” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. lowered their price target on SolarEdge Technologies from $35.00 to $29.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 23rd. Mizuho reduced their price objective on SolarEdge Technologies from $40.00 to $35.00 and set an “outperform” rating for the company in a research note on Thursday, September 19th. Finally, Scotiabank decreased their price objective on SolarEdge Technologies from $46.00 to $41.00 and set a “sector perform” rating on the stock in a report on Thursday, August 8th. Seven equities research analysts have rated the stock with a sell rating, twenty-two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $31.52.
Check Out Our Latest Analysis on SEDG
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.
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