Solaredge Technologies Inc (NASDAQ:SEDG) Stake Lowered by Triodos Investment Management BV

Triodos Investment Management BV reduced its stake in shares of Solaredge Technologies Inc (NASDAQ:SEDG) by 26.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,000 shares of the semiconductor company’s stock after selling 40,000 shares during the period. Solaredge Technologies accounts for 2.3% of Triodos Investment Management BV’s investment portfolio, making the stock its 17th biggest holding. Triodos Investment Management BV owned 0.23% of Solaredge Technologies worth $9,209,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its position in Solaredge Technologies by 0.4% during the 2nd quarter. New York State Teachers Retirement System now owns 46,988 shares of the semiconductor company’s stock worth $2,935,000 after acquiring an additional 200 shares during the last quarter. State of Alaska Department of Revenue lifted its position in Solaredge Technologies by 1.5% during the 2nd quarter. State of Alaska Department of Revenue now owns 15,196 shares of the semiconductor company’s stock worth $949,000 after acquiring an additional 228 shares during the last quarter. Cascade Investment Advisors Inc. lifted its position in Solaredge Technologies by 1.1% during the 2nd quarter. Cascade Investment Advisors Inc. now owns 25,110 shares of the semiconductor company’s stock worth $1,568,000 after acquiring an additional 275 shares during the last quarter. Winslow Evans & Crocker Inc. lifted its position in Solaredge Technologies by 376.7% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 410 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 324 shares during the last quarter. Finally, Capital Investment Advisory Services LLC acquired a new position in Solaredge Technologies during the 3rd quarter worth $38,000. Institutional investors and hedge funds own 81.44% of the company’s stock.

SEDG has been the subject of a number of research analyst reports. Oppenheimer upped their price objective on shares of Solaredge Technologies from $66.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday, August 7th. Canaccord Genuity upped their price objective on shares of Solaredge Technologies from $78.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, November 4th. Cowen set a $85.00 price objective on shares of Solaredge Technologies and gave the company a “buy” rating in a research report on Wednesday, August 7th. TheStreet raised shares of Solaredge Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, August 7th. Finally, UBS Group lowered shares of Solaredge Technologies from a “buy” rating to a “neutral” rating and upped their price objective for the company from $73.00 to $90.00 in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $85.75.

In related news, VP Zvi Lando sold 28,604 shares of the firm’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $83.81, for a total transaction of $2,397,301.24. Following the sale, the vice president now directly owns 95,500 shares in the company, valued at $8,003,855. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Ronen Faier sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $84.63, for a total transaction of $4,231,500.00. Following the sale, the chief financial officer now owns 124,200 shares in the company, valued at $10,511,046. The disclosure for this sale can be found here. Over the last quarter, insiders sold 270,203 shares of company stock worth $22,538,997. Company insiders own 7.90% of the company’s stock.

NASDAQ:SEDG traded down $1.95 during mid-day trading on Friday, hitting $77.95. The company’s stock had a trading volume of 1,466,800 shares, compared to its average volume of 899,116. The stock has a fifty day moving average of $86.12 and a 200-day moving average of $69.45. The company has a current ratio of 2.49, a quick ratio of 1.98 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $3.99 billion, a price-to-earnings ratio of 28.98, a P/E/G ratio of 1.27 and a beta of 0.05. Solaredge Technologies Inc has a fifty-two week low of $32.42 and a fifty-two week high of $96.69.

Solaredge Technologies (NASDAQ:SEDG) last posted its earnings results on Wednesday, November 6th. The semiconductor company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.99 by $0.22. The company had revenue of $410.56 million for the quarter, compared to analyst estimates of $402.89 million. Solaredge Technologies had a net margin of 10.09% and a return on equity of 17.81%. The business’s revenue for the quarter was up 73.5% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. On average, equities analysts anticipate that Solaredge Technologies Inc will post 2.99 earnings per share for the current fiscal year.

Solaredge Technologies Company Profile

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform.

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Institutional Ownership by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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