71,315 Shares in SolarEdge Technologies, Inc. (NASDAQ:SEDG) Purchased by Global Assets Advisory LLC

Global Assets Advisory LLC purchased a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 71,315 shares of the semiconductor company’s stock, valued at approximately $5,062,000. Global Assets Advisory LLC owned approximately 0.12% of SolarEdge Technologies as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Invenomic Capital Management LP acquired a new stake in SolarEdge Technologies during the 4th quarter valued at $42,644,000. Norges Bank acquired a new position in SolarEdge Technologies during the 4th quarter worth about $39,547,000. Franklin Resources Inc. grew its holdings in SolarEdge Technologies by 112.0% during the 4th quarter. Franklin Resources Inc. now owns 555,796 shares of the semiconductor company’s stock worth $52,023,000 after acquiring an additional 293,588 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of SolarEdge Technologies by 371.3% during the fourth quarter. Principal Financial Group Inc. now owns 288,935 shares of the semiconductor company’s stock valued at $27,044,000 after purchasing an additional 227,634 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SolarEdge Technologies by 129.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 205,814 shares of the semiconductor company’s stock valued at $19,264,000 after buying an additional 116,176 shares during the period. Institutional investors own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on SEDG. Mizuho cut their target price on shares of SolarEdge Technologies from $104.00 to $84.00 and set a “buy” rating on the stock in a research report on Friday, May 10th. The Goldman Sachs Group reduced their price objective on shares of SolarEdge Technologies from $64.00 to $49.00 and set a “sell” rating on the stock in a research note on Thursday, May 9th. DZ Bank started coverage on shares of SolarEdge Technologies in a research report on Wednesday, April 17th. They set a “hold” rating and a $62.00 target price for the company. Northland Capmk lowered SolarEdge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 9th. Finally, Northland Securities downgraded SolarEdge Technologies from an “outperform” rating to a “market perform” rating in a report on Thursday, May 9th. Four investment analysts have rated the stock with a sell rating, twenty-four have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.19.

SolarEdge Technologies Stock Up 0.7 %

SEDG opened at $33.25 on Tuesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.19 and a current ratio of 4.54. The business has a fifty day simple moving average of $50.21 and a 200 day simple moving average of $66.61. SolarEdge Technologies, Inc. has a 1 year low of $31.95 and a 1 year high of $288.87.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Wednesday, May 8th. The semiconductor company reported ($2.42) EPS for the quarter, missing the consensus estimate of ($2.07) by ($0.35). SolarEdge Technologies had a negative net margin of 11.68% and a negative return on equity of 6.43%. The firm had revenue of $204.40 million for the quarter, compared to analyst estimates of $194.82 million. Equities analysts anticipate that SolarEdge Technologies, Inc. will post -6.08 earnings per share for the current fiscal year.

SolarEdge Technologies Company Profile

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.