Fifth Third Bancorp Has $703,000 Position in SolarEdge Technologies, Inc. $SEDG

Fifth Third Bancorp raised its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 1,517.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,779 shares of the semiconductor company’s stock after purchasing an additional 12,927 shares during the quarter. Fifth Third Bancorp’s holdings in SolarEdge Technologies were worth $703,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. State of Wyoming bought a new position in SolarEdge Technologies in the 4th quarter valued at approximately $27,000. Rakuten Securities Inc. grew its holdings in SolarEdge Technologies by 82.1% during the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 432 shares during the last quarter. Kestra Advisory Services LLC bought a new stake in SolarEdge Technologies during the 4th quarter worth approximately $31,000. Canada Pension Plan Investment Board acquired a new position in SolarEdge Technologies in the 2nd quarter valued at approximately $35,000. Finally, Altshuler Shaham Ltd bought a new position in shares of SolarEdge Technologies during the fourth quarter valued at $36,000. 95.10% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the transaction, the chairman owned 295,379 shares in the company, valued at approximately $11,448,890.04. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.04% of the company’s stock.

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $43.09 on Tuesday. The firm has a 50 day moving average of $57.90 and a 200-day moving average of $46.35. The company has a market cap of $2.62 billion, a price-to-earnings ratio of -7.03 and a beta of 1.45. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. SolarEdge Technologies, Inc. has a 52 week low of $23.01 and a 52 week 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 (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). The company had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. SolarEdge Technologies had a negative net margin of 28.56% and a negative return on equity of 38.66%. The firm’s revenue was up 41.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($1.14) EPS. On average, equities analysts forecast that SolarEdge Technologies, Inc. will post -1.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

SEDG has been the topic of several analyst reports. UBS Group boosted their price objective on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Thursday, May 7th. Weiss Ratings raised SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, June 24th. Glj Research reaffirmed a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, June 11th. Barclays upped their price target on SolarEdge Technologies from $41.00 to $53.00 and gave the company an “equal weight” rating in a research report on Friday, July 10th. Finally, TD Cowen lowered their price objective on SolarEdge Technologies from $85.00 to $75.00 and set a “buy” rating for the company in a research report on Monday, July 20th. One investment analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and six have issued a Sell rating to the company’s stock. According to MarketBeat, SolarEdge Technologies presently has an average rating of “Reduce” and an average target price of $38.06.

SolarEdge Technologies Company 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.