AEGON ASSET MANAGEMENT UK Plc Acquires Shares of 333,245 SolarEdge Technologies, Inc. $SEDG

AEGON ASSET MANAGEMENT UK Plc bought a new position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 333,245 shares of the semiconductor company’s stock, valued at approximately $17,009,000.

Other institutional investors have also recently modified their holdings of the company. Accent Capital Management LLC bought a new position in shares of SolarEdge Technologies during the third quarter valued at $25,000. Saranac Partners Ltd purchased a new position in shares of SolarEdge Technologies in the 3rd quarter worth about $28,000. State of Wyoming bought a new position in SolarEdge Technologies in the 4th quarter worth about $27,000. Rakuten Securities Inc. boosted its stake in SolarEdge Technologies by 82.1% in the 4th quarter. Rakuten Securities Inc. now owns 958 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 432 shares in the last quarter. Finally, Kestra Advisory Services LLC bought a new position in SolarEdge Technologies in the 4th quarter worth about $31,000. 95.10% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Susquehanna lifted their target price on shares of SolarEdge Technologies from $37.00 to $45.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Barclays upped their target price on shares of SolarEdge Technologies from $39.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 8th. Royal Bank Of Canada cut their price target on shares of SolarEdge Technologies from $32.00 to $30.00 and set a “sector perform” rating on the stock in a report on Thursday, May 7th. Finally, Bank of America raised shares of SolarEdge Technologies from an “underperform” rating to a “neutral” rating and raised their price target for the company from $17.00 to $40.00 in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $35.67.

Insider Activity

In other news, Chairman More Avery sold 2,566 shares of the firm’s stock in a transaction dated Thursday, May 7th. The shares were sold at an average price of $38.76, for a total transaction of $99,458.16. Following the sale, the chairman owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This trade represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.04% of the stock is currently owned by insiders.

SolarEdge Technologies Stock Performance

Shares of NASDAQ:SEDG opened at $58.05 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 2.02 and a quick ratio of 1.36. SolarEdge Technologies, Inc. has a 1 year low of $15.75 and a 1 year high of $81.25. The company has a market cap of $3.53 billion, a P/E ratio of -9.47 and a beta of 1.42. The stock’s fifty day moving average price is $53.48 and its 200-day moving average price is $42.27.

SolarEdge Technologies (NASDAQ:SEDG) last released its quarterly earnings data on Wednesday, May 6th. The semiconductor company reported ($0.43) EPS for the quarter, missing the consensus estimate of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The business had revenue of $309.90 million during the quarter, compared to the consensus estimate of $305.49 million. During the same quarter in the previous year, the business posted ($1.14) earnings per share. SolarEdge Technologies’s quarterly revenue was up 41.5% compared to the same quarter last year. Sell-side analysts expect that SolarEdge Technologies, Inc. will post -1.12 earnings per share for the current year.

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.