Handelsbanken Fonder AB Has $180,000 Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Handelsbanken Fonder AB reduced its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 93.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 13,258 shares of the semiconductor company’s stock after selling 201,110 shares during the quarter. Handelsbanken Fonder AB’s holdings in SolarEdge Technologies were worth $180,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the stock. Two Sigma Advisers LP lifted its stake in shares of SolarEdge Technologies by 0.3% in the third quarter. Two Sigma Advisers LP now owns 1,142,100 shares of the semiconductor company’s stock worth $26,166,000 after buying an additional 3,400 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in SolarEdge Technologies by 0.8% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,011,760 shares of the semiconductor company’s stock worth $13,760,000 after acquiring an additional 8,079 shares during the last quarter. M&G PLC boosted its holdings in SolarEdge Technologies by 4.2% during the third quarter. M&G PLC now owns 932,711 shares of the semiconductor company’s stock valued at $21,452,000 after acquiring an additional 38,001 shares during the period. Assenagon Asset Management S.A. grew its position in shares of SolarEdge Technologies by 182.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 874,113 shares of the semiconductor company’s stock valued at $11,888,000 after purchasing an additional 564,490 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of SolarEdge Technologies by 3.7% in the third quarter. Geode Capital Management LLC now owns 708,044 shares of the semiconductor company’s stock worth $16,227,000 after purchasing an additional 25,474 shares during the period. Institutional investors own 95.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on SEDG shares. TD Cowen decreased their target price on SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research note on Thursday, November 7th. Guggenheim raised SolarEdge Technologies from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Northland Capmk lowered shares of SolarEdge Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 20th. Northland Securities downgraded shares of SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 price target for the company. in a report on Thursday, February 20th. Finally, Mizuho downgraded shares of SolarEdge Technologies from an “outperform” rating to a “neutral” rating and dropped their price objective for the stock from $35.00 to $11.00 in a report on Thursday, November 7th. Ten research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $21.65.

SolarEdge Technologies Stock Down 14.3 %

NASDAQ SEDG opened at $14.13 on Tuesday. The stock’s 50 day simple moving average is $15.01 and its 200 day simple moving average is $16.94. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46. SolarEdge Technologies, Inc. has a one year low of $10.24 and a one year high of $78.40. The firm has a market cap of $830.60 million, a PE ratio of -0.45 and a beta of 1.56.

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.