Jupiter Asset Management Ltd. Makes New $2.44 Million Investment in SolarEdge Technologies, Inc. $SEDG

Jupiter Asset Management Ltd. purchased a new position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the fourth quarter, HoldingsChannel reports. The firm purchased 84,724 shares of the semiconductor company’s stock, valued at approximately $2,444,000.

A number of other institutional investors have also recently bought and sold shares of SEDG. Accent Capital Management LLC bought a new stake in shares of SolarEdge Technologies during the third quarter worth approximately $25,000. Hantz Financial Services Inc. boosted its holdings in shares of SolarEdge Technologies by 352.5% during the third quarter. Hantz Financial Services Inc. now owns 733 shares of the semiconductor company’s stock worth $27,000 after acquiring an additional 571 shares during the period. Saranac Partners Ltd bought a new stake in shares of SolarEdge Technologies during the third quarter worth approximately $28,000. Rakuten Securities Inc. boosted its holdings in shares of SolarEdge Technologies by 82.1% during the fourth 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 period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of SolarEdge Technologies by 2,289.5% during the fourth quarter. TD Waterhouse Canada Inc. now owns 1,362 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 1,305 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.

Insider Buying and Selling

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the business’s stock in a transaction that occurred on Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the transaction, the chairman directly owned 295,379 shares in the company, valued at $11,448,890.04. The trade was 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 available at this link. 0.71% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on SEDG shares. Deutsche Bank Aktiengesellschaft reduced their price objective on SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a report on Thursday, May 7th. Citigroup reduced their price objective on SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a report on Thursday, May 7th. Susquehanna boosted their price objective on SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. The Goldman Sachs Group restated a “sell” rating and set a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a report on Wednesday, April 15th. Finally, UBS Group boosted their price objective on SolarEdge Technologies from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, May 7th. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $33.25.

SolarEdge Technologies Stock Up 4.3%

Shares of SEDG opened at $76.35 on Friday. SolarEdge Technologies, Inc. has a one year low of $13.73 and a one year high of $81.25. The company has a market cap of $4.64 billion, a P/E ratio of -12.46 and a beta of 1.18. 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 firm has a 50 day simple moving average of $49.02 and a two-hundred day simple moving average of $39.50.

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

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.