Assenagon Asset Management S.A. Has $32.16 Million Stake in SolarEdge Technologies, Inc. $SEDG

Assenagon Asset Management S.A. lowered its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 43.7% during the first quarter, Holdings Channel.com reports. The fund owned 630,054 shares of the semiconductor company’s stock after selling 488,383 shares during the period. Assenagon Asset Management S.A.’s holdings in SolarEdge Technologies were worth $32,164,000 as of its most recent SEC filing.

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

SolarEdge Technologies Trading Down 0.3%

NASDAQ SEDG opened at $51.75 on Friday. The stock has a market capitalization of $3.15 billion, a P/E ratio of -8.44 and a beta of 1.42. The business has a 50 day simple moving average of $54.59 and a 200 day simple moving average of $43.01. 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 one year low of $19.09 and a one year high of $81.25.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group upped their price target on shares of SolarEdge Technologies from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Thursday, May 7th. Bank of America raised SolarEdge Technologies from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $17.00 to $40.00 in a report on Tuesday, March 10th. JPMorgan Chase & Co. raised their target price on shares of SolarEdge Technologies from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, April 16th. Weiss Ratings raised shares of SolarEdge Technologies from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday. Finally, Susquehanna upped their price target 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. One investment analyst has rated the stock with a Buy rating, fifteen have given a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $35.67.

Insider Transactions at SolarEdge Technologies

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

SolarEdge Technologies Profile

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.