Solaredge Technologies Sees Unusually High Options Volume (SEDG)

Solaredge Technologies Inc (NASDAQ:SEDG) was the recipient of unusually large options trading on Monday. Stock traders purchased 3,644 put options on the company. This is an increase of approximately 1,197% compared to the typical daily volume of 281 put options.

Shares of Solaredge Technologies (NASDAQ SEDG) opened at $33.68 on Thursday. Solaredge Technologies has a 12-month low of $12.45 and a 12-month high of $39.90. The stock has a market cap of $1,480.00 and a P/E ratio of 20.29.

Solaredge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, November 8th. The semiconductor company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.16. Solaredge Technologies had a net margin of 14.06% and a return on equity of 22.07%. research analysts expect that Solaredge Technologies will post 1.91 EPS for the current year.

A number of equities research analysts recently commented on the stock. ValuEngine upgraded shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Vertical Group assumed coverage on shares of Solaredge Technologies in a research report on Thursday, January 11th. They issued a “sell” rating for the company. Zacks Investment Research downgraded shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub downgraded shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Deutsche Bank downgraded shares of Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 price objective for the company. in a research report on Monday, November 27th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. Solaredge Technologies has an average rating of “Buy” and a consensus target price of $34.19.

In related news, CFO Ronen Faier sold 30,000 shares of the firm’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $37.80, for a total value of $1,134,000.00. Following the completion of the sale, the chief financial officer now owns 91,666 shares in the company, valued at $3,464,974.80. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Yoav Galin sold 15,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $35.46, for a total transaction of $531,900.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 128,380 shares of company stock worth $4,841,790. Corporate insiders own 16.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in shares of Solaredge Technologies by 19.5% during the 3rd quarter. Wells Fargo & Company MN now owns 10,291 shares of the semiconductor company’s stock worth $294,000 after purchasing an additional 1,680 shares during the last quarter. Northern Trust Corp raised its position in shares of Solaredge Technologies by 3.3% during the 2nd quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock worth $2,046,000 after purchasing an additional 3,297 shares during the last quarter. Swiss National Bank raised its position in shares of Solaredge Technologies by 7.4% during the 4th quarter. Swiss National Bank now owns 48,000 shares of the semiconductor company’s stock worth $1,802,000 after purchasing an additional 3,300 shares during the last quarter. CAPROCK Group Inc. raised its position in shares of Solaredge Technologies by 30.4% during the 3rd quarter. CAPROCK Group Inc. now owns 16,360 shares of the semiconductor company’s stock worth $467,000 after purchasing an additional 3,815 shares during the last quarter. Finally, American International Group Inc. acquired a new position in shares of Solaredge Technologies during the 3rd quarter worth approximately $123,000. Institutional investors own 67.09% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “Solaredge Technologies Sees Unusually High Options Volume (SEDG)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another domain, it was stolen and republished in violation of U.S. & international copyright law. The original version of this article can be viewed at https://www.americanbankingnews.com/2018/02/08/solaredge-technologies-sees-unusually-high-options-volume-sedg.html.

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.

Receive News & Ratings for Solaredge Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Solaredge Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply