Nisa Investment Advisors LLC grew its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG – Get Rating) by 47.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,828 shares of the semiconductor company’s stock after buying an additional 910 shares during the period. Nisa Investment Advisors LLC’s holdings in SolarEdge Technologies were worth $801,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wipfli Financial Advisors LLC acquired a new stake in shares of SolarEdge Technologies in the 3rd quarter valued at $31,000. IFP Advisors Inc boosted its position in shares of SolarEdge Technologies by 35.1% in the 3rd quarter. IFP Advisors Inc now owns 181 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 47 shares during the last quarter. BerganKDV Wealth Management LLC boosted its position in shares of SolarEdge Technologies by 109.0% in the 3rd quarter. BerganKDV Wealth Management LLC now owns 209 shares of the semiconductor company’s stock worth $48,000 after purchasing an additional 109 shares during the last quarter. Optimum Investment Advisors boosted its position in shares of SolarEdge Technologies by 100.0% in the 4th quarter. Optimum Investment Advisors now owns 200 shares of the semiconductor company’s stock worth $57,000 after purchasing an additional 100 shares during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of SolarEdge Technologies by 138.0% in the 3rd quarter. Bessemer Group Inc. now owns 257 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 149 shares during the last quarter. 80.01% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on SEDG. BMO Capital Markets reduced their price target on SolarEdge Technologies from $387.00 to $385.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 14th. StockNews.com initiated coverage on SolarEdge Technologies in a report on Thursday, March 16th. They set a “sell” rating on the stock. JPMorgan Chase & Co. lifted their target price on SolarEdge Technologies from $358.00 to $361.00 and gave the stock an “overweight” rating in a report on Tuesday, February 14th. Deutsche Bank Aktiengesellschaft lifted their target price on SolarEdge Technologies from $260.00 to $345.00 and gave the stock a “hold” rating in a report on Tuesday, January 17th. Finally, Janney Montgomery Scott initiated coverage on SolarEdge Technologies in a report on Wednesday, April 5th. They set a “buy” rating and a $351.00 target price on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $368.15.
Insider Activity
SolarEdge Technologies Stock Performance
NASDAQ:SEDG opened at $289.15 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.26 and a quick ratio of 2.44. The business has a fifty day simple moving average of $301.22 and a two-hundred day simple moving average of $289.32. SolarEdge Technologies, Inc. has a 1 year low of $190.15 and a 1 year high of $375.90. The company has a market capitalization of $16.29 billion, a P/E ratio of 175.24, a P/E/G ratio of 1.29 and a beta of 1.43.
SolarEdge Technologies (NASDAQ:SEDG – Get Rating) last announced its quarterly earnings results on Monday, February 13th. The semiconductor company reported $2.86 earnings per share for the quarter, beating the consensus estimate of $1.58 by $1.28. The company had revenue of $890.70 million during the quarter, compared to analysts’ expectations of $879.06 million. SolarEdge Technologies had a return on equity of 10.04% and a net margin of 3.02%. The firm’s quarterly revenue was up 61.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.60 earnings per share. On average, analysts expect that SolarEdge Technologies, Inc. will post 7.15 earnings per share for the current year.
SolarEdge Technologies Profile
SolarEdge Technologies, Inc engages in the development of energy technology, which provides inverter solutions. The firm operates through the following segments: Solar and All Other. The Solar segment includes the design, development, manufacturing, and sales of an inverter solution designed to maximize power generation.
Recommended Stories
- Get a free copy of the StockNews.com research report on SolarEdge Technologies (SEDG)
- 10 E-commerce Stocks to Consider for Long-Term Buys
- Joby Aviation Extends Deal With Air Force, Analysts Maintain Hold
- Meta’s Earnings; Time To Buckle Up
- Why Invest in High-Yield Dividend Stocks?
- Dividend Prince Automatic Data Processing Hits Bottom
Receive News & Ratings for SolarEdge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
