Assenagon Asset Management S.A. Sells 330,206 Shares of SolarEdge Technologies, Inc. $SEDG

Assenagon Asset Management S.A. trimmed its stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 22.8% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,118,437 shares of the semiconductor company’s stock after selling 330,206 shares during the period. Assenagon Asset Management S.A.’s holdings in SolarEdge Technologies were worth $32,267,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Public Sector Pension Investment Board increased its holdings in SolarEdge Technologies by 15.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 231,604 shares of the semiconductor company’s stock valued at $8,569,000 after buying an additional 30,264 shares during the period. Convergence Investment Partners LLC bought a new position in shares of SolarEdge Technologies during the 3rd quarter worth about $3,033,000. SG Americas Securities LLC lifted its holdings in shares of SolarEdge Technologies by 59.7% during the 3rd quarter. SG Americas Securities LLC now owns 103,033 shares of the semiconductor company’s stock worth $3,812,000 after acquiring an additional 38,511 shares during the period. Aquatic Capital Management LLC boosted its position in shares of SolarEdge Technologies by 1,282.8% during the 3rd quarter. Aquatic Capital Management LLC now owns 125,473 shares of the semiconductor company’s stock valued at $4,643,000 after acquiring an additional 116,399 shares in the last quarter. Finally, Menora Mivtachim Holdings LTD. increased its stake in SolarEdge Technologies by 213.4% in the second quarter. Menora Mivtachim Holdings LTD. now owns 1,490,637 shares of the semiconductor company’s stock valued at $30,409,000 after acquiring an additional 1,015,017 shares during the period. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Barclays increased their price target on shares of SolarEdge Technologies from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Thursday, January 15th. Wells Fargo & Company upped their price objective on SolarEdge Technologies from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Friday, February 20th. TD Cowen increased their target price on SolarEdge Technologies from $38.00 to $43.00 and gave the stock a “buy” rating in a report on Thursday, February 19th. Morgan Stanley raised their target price on SolarEdge Technologies from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 19th. Finally, Raymond James Financial started coverage on SolarEdge Technologies in a research note on Tuesday, January 13th. They issued a “market perform” rating on the stock. One investment analyst has rated the stock with a Buy rating, eighteen have assigned a Hold rating and six have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target of $29.09.

SolarEdge Technologies Price Performance

Shares of SolarEdge Technologies stock opened at $51.28 on Thursday. The stock has a market capitalization of $3.10 billion, a price-to-earnings ratio of -7.45 and a beta of 1.62. The firm’s 50-day moving average price is $37.43 and its two-hundred day moving average price is $35.47. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82. SolarEdge Technologies, Inc. has a 1-year low of $11.00 and a 1-year high of $53.28.

SolarEdge Technologies (NASDAQ:SEDG) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported ($0.14) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.05. The business had revenue of $333.80 million for the quarter, compared to the consensus estimate of $330.33 million. SolarEdge Technologies had a negative return on equity of 45.54% and a negative net margin of 34.23%.SolarEdge Technologies’s revenue was up 70.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($3.52) EPS. On average, equities analysts predict that SolarEdge Technologies, Inc. will post -4.54 earnings per share for the current fiscal year.

SolarEdge Technologies Company 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.