SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $12.00

SolarEdge Technologies (NASDAQ:SEDG) had its target price raised by Jefferies Financial Group from $9.00 to $12.00 in a research report report published on Friday,Benzinga reports. Jefferies Financial Group currently has an underperform rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on the company. JPMorgan Chase & Co. cut their target price on SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Barclays lifted their price objective on shares of SolarEdge Technologies from $7.00 to $10.00 and gave the company an “underweight” rating in a research report on Tuesday, January 14th. Guggenheim upgraded shares of SolarEdge Technologies from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Northland Securities cut SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 price target on the stock. in a report on Thursday. Finally, The Goldman Sachs Group increased their price objective on SolarEdge Technologies from $21.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday. Ten research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $21.65.

SolarEdge Technologies Stock Down 3.1 %

Shares of SolarEdge Technologies stock opened at $17.62 on Friday. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -0.56 and a beta of 1.56. SolarEdge Technologies has a twelve month low of $10.24 and a twelve month high of $78.40. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56. The business’s 50 day simple moving average is $14.59 and its 200-day simple moving average is $17.15.

Hedge Funds Weigh In On SolarEdge Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. PharVision Advisers LLC purchased a new stake in SolarEdge Technologies during the fourth quarter valued at about $256,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of SolarEdge Technologies by 6.9% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 241,346 shares of the semiconductor company’s stock valued at $3,282,000 after acquiring an additional 15,549 shares during the period. Voloridge Investment Management LLC lifted its position in shares of SolarEdge Technologies by 1.4% in the 4th quarter. Voloridge Investment Management LLC now owns 866,206 shares of the semiconductor company’s stock valued at $11,780,000 after acquiring an additional 11,926 shares in the last quarter. Sphera Management Technology Funds Ltd acquired a new position in SolarEdge Technologies in the 4th quarter worth approximately $816,000. Finally, Two Sigma Advisers LP grew its position in SolarEdge Technologies by 1.6% during the 4th quarter. Two Sigma Advisers LP now owns 1,160,400 shares of the semiconductor company’s stock worth $15,781,000 after purchasing an additional 18,300 shares in the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

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.