SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Yoav Galin sold 15,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $26.35, for a total value of $395,250.00. Following the sale, the vice president now owns 65,000 shares of the company’s stock, valued at approximately $1,712,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Yoav Galin also recently made the following trade(s):

  • On Thursday, August 3rd, Yoav Galin sold 10,000 shares of SolarEdge Technologies stock. The shares were sold at an average price of $27.34, for a total value of $273,400.00.

Shares of SolarEdge Technologies, Inc. (SEDG) traded up 0.466% during mid-day trading on Thursday, reaching $26.975. The company’s stock had a trading volume of 914,457 shares. The firm’s 50-day moving average price is $25.63 and its 200 day moving average price is $17.71. The firm has a market cap of $1.14 billion and a P/E ratio of 23.914. SolarEdge Technologies, Inc. has a 12-month low of $11.35 and a 12-month high of $27.05.

SolarEdge Technologies (NASDAQ:SEDG) last announced its quarterly earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.18. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The firm had revenue of $136.10 million during the quarter, compared to analyst estimates of $125.07 million. During the same quarter in the previous year, the business earned $0.44 EPS. SolarEdge Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts expect that SolarEdge Technologies, Inc. will post $1.89 EPS for the current year.

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Several institutional investors have recently made changes to their positions in the stock. Senvest Management LLC increased its stake in shares of SolarEdge Technologies by 2.8% in the 2nd quarter. Senvest Management LLC now owns 3,751,178 shares of the semiconductor company’s stock valued at $75,024,000 after purchasing an additional 103,000 shares in the last quarter. FMR LLC increased its stake in shares of SolarEdge Technologies by 4.5% in the 1st quarter. FMR LLC now owns 3,183,418 shares of the semiconductor company’s stock valued at $49,662,000 after purchasing an additional 136,899 shares in the last quarter. Sylebra HK Co Ltd increased its stake in shares of SolarEdge Technologies by 24.1% in the 1st quarter. Sylebra HK Co Ltd now owns 2,121,621 shares of the semiconductor company’s stock valued at $33,097,000 after purchasing an additional 412,073 shares in the last quarter. NN Investment Partners Holdings N.V. increased its stake in shares of SolarEdge Technologies by 21.3% in the 2nd quarter. NN Investment Partners Holdings N.V. now owns 1,736,541 shares of the semiconductor company’s stock valued at $34,731,000 after purchasing an additional 305,179 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of SolarEdge Technologies by 601.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,526,947 shares of the semiconductor company’s stock valued at $30,539,000 after purchasing an additional 1,309,184 shares in the last quarter. Hedge funds and other institutional investors own 57.80% of the company’s stock.

SEDG has been the subject of a number of research reports. Cowen and Company reiterated a “buy” rating and set a $24.00 price objective on shares of SolarEdge Technologies in a research report on Friday, July 14th. Needham & Company LLC upped their price objective on SolarEdge Technologies from $22.00 to $25.00 and gave the company a “buy” rating in a research report on Friday, July 14th. BidaskClub upgraded SolarEdge Technologies from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. Deutsche Bank AG set a $25.00 price objective on SolarEdge Technologies and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, Roth Capital upgraded SolarEdge Technologies from a “neutral” rating to a “buy” rating and set a $26.00 price objective for the company in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $23.11.

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.

Insider Buying and Selling by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

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