SolarEdge Technologies, Inc. (SEDG) VP Yoav Galin Sells 15,000 Shares
SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Yoav Galin sold 15,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $28.64, for a total value of $429,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Yoav Galin also recently made the following trade(s):
- On Tuesday, September 12th, Yoav Galin sold 15,000 shares of SolarEdge Technologies stock. The shares were sold at an average price of $26.35, for a total value of $395,250.00.
- On Thursday, August 3rd, Yoav Galin sold 10,000 shares of SolarEdge Technologies stock. The stock was sold at an average price of $27.34, for a total value of $273,400.00.
Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) traded down 0.17% during trading on Wednesday, hitting $29.25. 494,637 shares of the company traded hands. SolarEdge Technologies, Inc. has a 52-week low of $11.35 and a 52-week high of $29.80. The stock has a market capitalization of $1.23 billion, a PE ratio of 25.93 and a beta of 0.03. The company has a 50-day moving average of $27.29 and a 200-day moving average of $27.29.
SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 EPS for the quarter, beating the 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 for the quarter, compared to analyst estimates of $125.07 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. SolarEdge Technologies’s revenue for the quarter was up 9.1% compared to the same quarter last year. Equities analysts expect that SolarEdge Technologies, Inc. will post $1.89 EPS for the current year.
Several large investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp increased its holdings 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 acquiring an additional 1,309,184 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of SolarEdge Technologies by 9.6% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 81,872 shares of the semiconductor company’s stock worth $1,278,000 after acquiring an additional 7,140 shares in the last quarter. Stifel Financial Corp raised its position in shares of SolarEdge Technologies by 215.3% during the 1st quarter. Stifel Financial Corp now owns 45,217 shares of the semiconductor company’s stock worth $705,000 after acquiring an additional 30,878 shares in the last quarter. Seizert Capital Partners LLC acquired a new stake in shares of SolarEdge Technologies during the 2nd quarter worth about $4,006,000. Finally, Spears Abacus Advisors LLC acquired a new stake in shares of SolarEdge Technologies during the 2nd quarter worth about $366,000. 57.43% of the stock is owned by institutional investors and hedge funds.
Several analysts recently weighed in on SEDG shares. Axiom Securities restated a “sell” rating on shares of SolarEdge Technologies in a report on Thursday, August 31st. Barclays PLC restated an “overweight” rating and issued a $28.00 price target (up previously from $21.00) on shares of SolarEdge Technologies in a report on Wednesday, August 9th. Cowen and Company restated a “buy” rating and issued a $31.00 price target (up previously from $24.00) on shares of SolarEdge Technologies in a report on Thursday, August 3rd. Roth Capital raised shares of SolarEdge Technologies from a “neutral” rating to a “buy” rating and set a $26.00 price target for the company in a research report on Thursday, July 27th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $30.00 price objective on shares of SolarEdge Technologies in a research note on Tuesday, September 12th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $23.11.
About SolarEdge Technologies
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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