PNC Financial Services Group Inc. Increases Stock Holdings in SolarEdge Technologies, Inc. $SEDG

PNC Financial Services Group Inc. raised its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 32.4% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 7,851 shares of the semiconductor company’s stock after purchasing an additional 1,921 shares during the period. PNC Financial Services Group Inc.’s holdings in SolarEdge Technologies were worth $127,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its holdings in SolarEdge Technologies by 93.7% in the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 790 shares in the last quarter. US Bancorp DE lifted its holdings in SolarEdge Technologies by 25.2% in the 1st quarter. US Bancorp DE now owns 4,560 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 918 shares in the last quarter. New York State Teachers Retirement System lifted its holdings in SolarEdge Technologies by 1.5% in the 1st quarter. New York State Teachers Retirement System now owns 66,436 shares of the semiconductor company’s stock valued at $1,075,000 after purchasing an additional 1,000 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in SolarEdge Technologies in the 1st quarter valued at $35,000. Finally, Bank of New York Mellon Corp lifted its holdings in SolarEdge Technologies by 1.2% in the 1st quarter. Bank of New York Mellon Corp now owns 269,944 shares of the semiconductor company’s stock valued at $4,368,000 after purchasing an additional 3,171 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Stock Up 2.7%

Shares of NASDAQ:SEDG opened at $31.99 on Wednesday. The business has a 50-day moving average price of $24.62 and a 200 day moving average price of $18.90. The company has a current ratio of 1.94, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of -1.07 and a beta of 1.56. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $33.30.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Thursday, August 7th. The semiconductor company reported ($0.81) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.81). The firm had revenue of $289.43 million during the quarter, compared to the consensus estimate of $270.03 million. SolarEdge Technologies had a negative return on equity of 191.53% and a negative net margin of 177.64%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period last year, the company earned ($1.79) EPS. SolarEdge Technologies has set its Q3 2025 guidance at EPS. Sell-side analysts expect that SolarEdge Technologies, Inc. will post -4.54 EPS for the current year.

Analyst Upgrades and Downgrades

SEDG has been the topic of a number of research reports. Guggenheim restated a “sell” rating and issued a $5.00 price objective on shares of SolarEdge Technologies in a report on Wednesday, April 23rd. Northland Capmk raised SolarEdge Technologies from a “strong sell” rating to a “hold” rating in a research note on Friday, May 23rd. BNP Paribas Exane downgraded SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $17.00 target price for the company. in a research note on Wednesday, July 16th. Morgan Stanley reaffirmed an “underweight” rating and issued a $10.00 target price on shares of SolarEdge Technologies in a research note on Wednesday, April 23rd. Finally, Susquehanna raised their target price on SolarEdge Technologies from $14.00 to $26.00 and gave the stock a “neutral” rating in a research note on Monday, July 21st. Eighteen investment analysts have rated the stock with a Hold rating and ten have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $18.12.

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.