Blue Grotto Capital LLC Invests $8.66 Million in SolarEdge Technologies, Inc. $SEDG

Blue Grotto Capital LLC acquired a new position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 300,000 shares of the semiconductor company’s stock, valued at approximately $8,655,000. SolarEdge Technologies makes up approximately 0.9% of Blue Grotto Capital LLC’s investment portfolio, making the stock its 24th largest holding. Blue Grotto Capital LLC owned about 0.50% of SolarEdge Technologies as of its most recent filing with the Securities & Exchange Commission.

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

SolarEdge Technologies Price Performance

SolarEdge Technologies stock opened at $60.19 on Tuesday. The firm has a 50-day moving average price of $52.54 and a 200-day moving average price of $41.72. The firm has a market capitalization of $3.66 billion, a PE ratio of -9.82 and a beta of 1.42. The company has a current ratio of 2.02, a quick ratio of 1.36 and a debt-to-equity ratio of 0.85. SolarEdge Technologies, Inc. has a 12-month low of $13.73 and a 12-month high of $81.25.

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

Wall Street Analysts Forecast Growth

SEDG has been the subject of a number of research reports. The Goldman Sachs Group restated a “sell” rating and set a $31.00 target price (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday, April 15th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of SolarEdge Technologies from $42.00 to $39.00 and set a “hold” rating for the company in a research report on Thursday, May 7th. Citigroup lowered their price objective on shares of SolarEdge Technologies from $30.00 to $27.00 and set a “sell” rating for the company in a research report on Thursday, May 7th. JPMorgan Chase & Co. increased their price objective 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. Finally, Jefferies Financial Group upgraded shares of SolarEdge Technologies from an “underperform” rating to a “hold” rating and increased their price objective for the company from $30.00 to $49.00 in a research report on Friday, March 20th. One investment analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $33.25.

Insider Buying and Selling

In other SolarEdge Technologies 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 transaction, the chairman owned 295,379 shares of the company’s stock, valued at approximately $11,448,890.04. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.04% of the stock is owned by corporate insiders.

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.