Amundi Has $1.54 Million Stock Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Amundi decreased its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 30.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 102,820 shares of the semiconductor company’s stock after selling 45,600 shares during the period. Amundi owned 0.18% of SolarEdge Technologies worth $1,541,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in SolarEdge Technologies by 401.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,954 shares in the last quarter. Y.D. More Investments Ltd lifted its position in SolarEdge Technologies by 251.8% during the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock worth $53,000 after buying an additional 2,770 shares in the last quarter. R Squared Ltd bought a new stake in SolarEdge Technologies during the 4th quarter worth about $61,000. KBC Group NV raised its holdings in SolarEdge Technologies by 95.8% during the 3rd quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 1,378 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in SolarEdge Technologies by 655.2% during the 4th quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 4,567 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Trading Up 7.8 %

NASDAQ SEDG opened at $17.38 on Tuesday. The company has a market cap of $1.02 billion, a PE ratio of -0.56 and a beta of 1.78. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56. SolarEdge Technologies, Inc. has a 12 month low of $10.24 and a 12 month high of $73.60. The stock has a 50 day moving average of $15.31 and a 200-day moving average of $16.22.

Analyst Ratings Changes

Several brokerages have weighed in on SEDG. The Goldman Sachs Group boosted their price objective on SolarEdge Technologies from $21.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Truist Financial dropped their price objective on SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Piper Sandler boosted their price objective on SolarEdge Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a report on Thursday, February 20th. Northland Capmk cut SolarEdge Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, February 20th. Finally, Guggenheim raised SolarEdge Technologies from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. Ten equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, SolarEdge Technologies has a consensus rating of “Hold” and an average price target of $21.65.

Insider Activity

In other SolarEdge Technologies news, Chairman More Avery purchased 30,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was acquired at an average price of $13.70 per share, with a total value of $411,000.00. Following the acquisition, the chairman now directly owns 274,478 shares of the company’s stock, valued at $3,760,348.60. This trade represents a 12.27 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by insiders.

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.