Citigroup Inc. Has $15.48 Million Stock Holdings in SolarEdge Technologies, Inc. $SEDG

Citigroup Inc. decreased its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 13.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 418,463 shares of the semiconductor company’s stock after selling 66,563 shares during the period. Citigroup Inc.’s holdings in SolarEdge Technologies were worth $15,483,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Menora Mivtachim Holdings LTD. boosted its holdings in shares of SolarEdge Technologies by 213.4% during the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock worth $30,409,000 after acquiring an additional 1,015,017 shares during the period. Assenagon Asset Management S.A. lifted its holdings in SolarEdge Technologies by 612.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 1,448,643 shares of the semiconductor company’s stock worth $53,600,000 after purchasing an additional 1,245,445 shares during the last quarter. Legal & General Group Plc boosted its stake in SolarEdge Technologies by 9.6% in the 2nd quarter. Legal & General Group Plc now owns 1,424,788 shares of the semiconductor company’s stock valued at $29,066,000 after purchasing an additional 124,591 shares during the period. Goldman Sachs Group Inc. grew its holdings in SolarEdge Technologies by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after buying an additional 79,461 shares in the last quarter. Finally, Electron Capital Partners LLC bought a new position in SolarEdge Technologies during the 2nd quarter worth $17,009,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Stock Down 12.4%

Shares of SEDG opened at $35.40 on Friday. The firm has a 50 day simple moving average of $33.88 and a two-hundred day simple moving average of $34.26. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.17 and a quick ratio of 1.48. SolarEdge Technologies, Inc. has a one year low of $11.00 and a one year high of $48.60. The company has a market cap of $2.14 billion, a P/E ratio of -5.15 and a beta of 1.66.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.05. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.The company had revenue of $333.80 million for the quarter, compared to analyst estimates of $330.33 million. During the same quarter last year, the company posted ($3.52) EPS. The company’s revenue for the quarter was up 70.9% compared to the same quarter last year. Research analysts forecast that SolarEdge Technologies, Inc. will post -4.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Morgan Stanley upped their price target on shares of SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research note on Thursday, February 19th. Jefferies Financial Group restated an “underperform” rating on shares of SolarEdge Technologies in a research report on Wednesday, January 21st. The Goldman Sachs Group lifted their price target on shares of SolarEdge Technologies from $32.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. TD Cowen increased their price target on SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Finally, Raymond James Financial assumed coverage on SolarEdge Technologies in a report on Tuesday, January 13th. They issued a “market perform” rating for the company. One analyst has rated the stock with a Buy rating, sixteen have given a Hold rating and seven have issued a Sell rating to the stock. Based on data from MarketBeat, SolarEdge Technologies presently has an average rating of “Reduce” and a consensus price target of $27.28.

About SolarEdge Technologies

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.