Equities research analysts expect SolarEdge Technologies, Inc. (NASDAQ:SEDG) to post sales of $125.68 million for the current quarter, Zacks reports. Five analysts have made estimates for SolarEdge Technologies’ earnings, with the highest sales estimate coming in at $126.31 million and the lowest estimate coming in at $125.10 million. SolarEdge Technologies posted sales of $124.75 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.7%. The firm is scheduled to announce its next quarterly earnings report on Tuesday, August 8th.

On average, analysts expect that SolarEdge Technologies will report full-year sales of $125.68 million for the current year, with estimates ranging from $477.70 million to $515.70 million. For the next financial year, analysts expect that the company will post sales of $509.31 million per share, with estimates ranging from $440.80 million to $548.12 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover SolarEdge Technologies.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings data on Tuesday, May 9th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.09. SolarEdge Technologies had a net margin of 11.85% and a return on equity of 21.03%. The company had revenue of $115.10 million during the quarter, compared to analysts’ expectations of $114.10 million. During the same period in the previous year, the company earned $0.51 EPS. The business’s quarterly revenue was down 8.1% compared to the same quarter last year.

A number of equities research analysts have issued reports on SEDG shares. Deutsche Bank AG set a $25.00 target price on shares of SolarEdge Technologies and gave the stock a “buy” rating in a research report on Wednesday, June 14th. Zacks Investment Research upgraded shares of SolarEdge Technologies from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research report on Saturday, May 13th. TheStreet upgraded shares of SolarEdge Technologies from a “d” rating to a “c” rating in a research report on Wednesday, April 26th. Roth Capital set a $16.00 target price on shares of SolarEdge Technologies and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Finally, ValuEngine downgraded shares of SolarEdge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Three investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. SolarEdge Technologies currently has an average rating of “Hold” and a consensus target price of $18.89.

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In other news, VP Yoav Galin sold 120,000 shares of the firm’s stock in a transaction on Monday, March 27th. The shares were sold at an average price of $14.27, for a total transaction of $1,712,400.00. Following the transaction, the vice president now owns 540,838 shares in the company, valued at approximately $7,717,758.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director More Avery sold 20,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $19.30, for a total transaction of $386,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 141,018 shares of company stock worth $2,117,192 in the last 90 days. 16.40% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SEDG. Zurcher Kantonalbank Zurich Cantonalbank increased its position in SolarEdge Technologies by 33.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 646,198 shares of the semiconductor company’s stock worth $10,081,000 after buying an additional 160,833 shares in the last quarter. Handelsbanken Fonder AB increased its position in SolarEdge Technologies by 183.7% in the first quarter. Handelsbanken Fonder AB now owns 173,062 shares of the semiconductor company’s stock worth $2,700,000 after buying an additional 112,062 shares in the last quarter. Bank of New York Mellon Corp increased its position in SolarEdge Technologies by 502.4% in the first quarter. Bank of New York Mellon Corp now owns 217,763 shares of the semiconductor company’s stock worth $3,396,000 after buying an additional 181,615 shares in the last quarter. First Trust Advisors LP increased its position in SolarEdge Technologies by 39.2% in the first quarter. First Trust Advisors LP now owns 90,885 shares of the semiconductor company’s stock worth $1,418,000 after buying an additional 25,617 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in SolarEdge Technologies by 187.4% in the first quarter. Wells Fargo & Company MN now owns 18,679 shares of the semiconductor company’s stock worth $292,000 after buying an additional 12,179 shares in the last quarter. Institutional investors and hedge funds own 55.61% of the company’s stock.

Shares of SolarEdge Technologies (NASDAQ:SEDG) opened at 21.40 on Friday. The stock has a market capitalization of $889.26 million, a PE ratio of 21.27 and a beta of -0.03. The stock’s 50 day moving average is $18.16 and its 200 day moving average is $15.19. SolarEdge Technologies has a 52 week low of $11.35 and a 52 week high of $21.85.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

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