SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Yoav Galin sold 10,000 shares of SolarEdge Technologies stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $32.82, for a total value of $328,200.00. Following the sale, the vice president now owns 35,000 shares in the company, valued at $1,148,700. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

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

  • On Monday, October 2nd, Yoav Galin sold 15,000 shares of SolarEdge Technologies stock. The stock was sold at an average price of $28.64, for a total value of $429,600.00.
  • On Tuesday, September 12th, Yoav Galin sold 15,000 shares of SolarEdge Technologies stock. The stock was sold at an average price of $26.35, for a total value of $395,250.00.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.18. The company had revenue of $136.10 million for the quarter, compared to the consensus estimate of $125.07 million. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company earned $0.44 EPS.

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A number of research firms have recently commented on SEDG. JMP Securities reiterated an “outperform” rating on shares of SolarEdge Technologies in a research note on Thursday, August 3rd. CIBC upgraded SolarEdge Technologies from a “market perform” rating to an “outperform” rating in a research note on Tuesday, July 18th. Oppenheimer Holdings, Inc. boosted their price objective on SolarEdge Technologies from $25.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, August 3rd. Barclays PLC restated an “overweight” rating and issued a $28.00 price objective (up from $21.00) on shares of SolarEdge Technologies in a research note on Wednesday, August 9th. Finally, Axiom Securities restated a “sell” rating on shares of SolarEdge Technologies in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. SolarEdge Technologies currently has an average rating of “Buy” and an average price target of $26.27.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SEDG. Sei Investments Co. grew its holdings in SolarEdge Technologies by 380.4% during the 2nd quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 4,755 shares in the last quarter. Globeflex Capital L P purchased a new position in SolarEdge Technologies during the 2nd quarter valued at approximately $157,000. KCG Holdings Inc. purchased a new position in SolarEdge Technologies during the 1st quarter valued at approximately $222,000. ETF Managers Group LLC purchased a new position in SolarEdge Technologies during the 2nd quarter valued at approximately $226,000. Finally, Koch Industries Inc. purchased a new position in SolarEdge Technologies during the 2nd quarter valued at approximately $265,000. Institutional investors and hedge funds own 57.02% of the company’s stock.

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.

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

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