New York State Teachers Retirement System Sells 1,500 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

New York State Teachers Retirement System reduced its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 2.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 65,436 shares of the semiconductor company’s stock after selling 1,500 shares during the period. New York State Teachers Retirement System owned 0.11% of SolarEdge Technologies worth $890,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. KBC Group NV boosted its holdings in shares of SolarEdge Technologies by 95.8% in the 3rd quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 1,378 shares in the last quarter. Y.D. More Investments Ltd raised its position in shares of SolarEdge Technologies by 251.8% in the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock valued at $53,000 after purchasing an additional 2,770 shares during the last quarter. R Squared Ltd purchased a new position in shares of SolarEdge Technologies in the 4th quarter valued at approximately $61,000. GAMMA Investing LLC raised its position in shares of SolarEdge Technologies by 655.2% in the 4th quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company’s stock valued at $72,000 after purchasing an additional 4,567 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of SolarEdge Technologies by 243.6% in the 3rd quarter. US Bancorp DE now owns 6,818 shares of the semiconductor company’s stock valued at $156,000 after purchasing an additional 4,834 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors.

SolarEdge Technologies Price Performance

SolarEdge Technologies stock opened at $17.62 on Monday. The company’s fifty day moving average price is $14.59 and its 200 day moving average price is $17.15. SolarEdge Technologies, Inc. has a 1 year low of $10.24 and a 1 year high of $78.40. The stock has a market capitalization of $1.02 billion, a P/E ratio of -0.56 and a beta of 1.56. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95.

Analyst Ratings Changes

SEDG has been the subject of several research analyst reports. Barclays increased 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. Wells Fargo & Company decreased their price objective on shares of SolarEdge Technologies from $19.00 to $15.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 8th. JPMorgan Chase & Co. decreased their price objective on shares of SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd. BMO Capital Markets lowered shares of SolarEdge Technologies from a “market perform” rating to an “underperform” rating and raised their price target for the stock from $13.00 to $15.00 in a research report on Thursday. Finally, The Goldman Sachs Group raised their price target on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday. Ten analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $21.65.

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.