Meitav Investment House Ltd. Purchases 858,954 Shares of SolarEdge Technologies, Inc. $SEDG

Meitav Investment House Ltd. raised its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 541.6% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,017,551 shares of the semiconductor company’s stock after purchasing an additional 858,954 shares during the period. Meitav Investment House Ltd.’s holdings in SolarEdge Technologies were worth $51,946,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of SEDG. Private Advisor Group LLC bought a new position in shares of SolarEdge Technologies in the first quarter valued at approximately $274,000. Y Intercept Hong Kong Ltd bought a new stake in SolarEdge Technologies during the first quarter worth $1,150,000. Janney Montgomery Scott LLC purchased a new position in SolarEdge Technologies in the first quarter worth $6,015,000. Louisiana State Employees Retirement System purchased a new position in SolarEdge Technologies in the first quarter worth $1,353,000. Finally, SG Americas Securities LLC grew its stake in SolarEdge Technologies by 5.4% in the 1st quarter. SG Americas Securities LLC now owns 289,907 shares of the semiconductor company’s stock valued at $14,800,000 after purchasing an additional 14,775 shares during the period. Institutional investors own 95.10% of the company’s stock.

Insider Activity at SolarEdge Technologies

In other news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction dated Thursday, May 7th. The stock was sold at an average price of $38.76, for a total value of $99,458.16. Following the completion of the sale, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. The trade was a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.04% of the company’s stock.

SolarEdge Technologies Price Performance

NASDAQ SEDG traded down $5.12 during trading hours on Tuesday, reaching $51.79. 844,131 shares of the stock traded hands, compared to its average volume of 3,573,706. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -8.46 and a beta of 1.45. The stock has a 50 day simple moving average of $56.27 and a two-hundred day simple moving average of $44.15. SolarEdge Technologies, Inc. has a 1 year low of $23.01 and a 1 year high of $81.25.

SolarEdge Technologies (NASDAQ:SEDG) last released its earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The firm had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.49 million. SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business’s quarterly revenue was up 41.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.14) EPS. On average, analysts predict that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SEDG. Royal Bank Of Canada decreased their target price on SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating for the company in a research report on Thursday, May 7th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Jefferies Financial Group upgraded shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and raised their price objective for the stock from $30.00 to $49.00 in a report on Friday, March 20th. Barclays lifted their price objective on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 8th. Finally, Bank of America upgraded shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $17.00 to $40.00 in a research note on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, fifteen have issued a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus price target of $35.67.

SolarEdge Technologies Profile

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.