2 weeks Ago By Defense World Staff
Alliancebernstein L.P. reduced its holdings in shares of SolarEdge Technologies, Inc.
( NASDAQ:SEDG – Free Report ) by 47.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,740 shares of the semiconductor company’s stock after selling 10,673 shares during the quarter.
Alliancebernstein L.P.’s holdings in SolarEdge Technologies were worth $160,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Millstone Evans Group LLC acquired a new position in SolarEdge Technologies during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp raised its position in SolarEdge Technologies by 401.
2% in the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 1,954 shares during the last quarter. Y.
D. More Investments Ltd lifted its stake in SolarEdge Technologies by 251.8% during the 4th quarter.
Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock valued at $53,000 after acquiring an additional 2,770 shares in the last quarter.
R Squared Ltd purchased a new position in SolarEdge Technologies during the 4th quarter worth $61,000. Finally, GAMMA Investing LLC boosted its holdings in SolarEdge Technologies by 655.2% during the 4th quarter.
GAMMA Investing LLC now owns 5,264 shares of the semiconductor company’s stock worth $72,000 after acquiring an additional 4,567 shares during the last quarter. 95.10% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades A number of research firms recently weighed in on SEDG. Citigroup reissued a “sell” rating and set a $9.00 price target (down from $12.
00) on shares of SolarEdge Technologies in a research report on Wednesday, January 8th. BMO Capital Markets cut shares of SolarEdge Technologies from a “market perform” rating to an “underperform” rating and lifted their target price for the stock from $13.00 to $15.
00 in a research report on Thursday, February 20th. The Goldman Sachs Group upped their target price on SolarEdge Technologies from $21.00 to $31.
00 and gave the company a “buy” rating in a report on Thursday, February 20th. Truist Financial dropped their price target on SolarEdge Technologies from $15.00 to $14.
00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Finally, Northland Capmk lowered SolarEdge Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 20th. Ten equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company.
According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $17.44.
SolarEdge Technologies Stock Up 7.9 % SEDG stock opened at $13.05 on Wednesday.
The stock has a 50-day simple moving average of $15.61 and a two-hundred day simple moving average of $15.05.
SolarEdge Technologies, Inc. has a twelve month low of $10.24 and a twelve month high of $64.
04. The firm has a market capitalization of $770.51 million, a PE ratio of -0.
42 and a beta of 1.63. The company has a quick ratio of 1.
46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56.
Insider Activity at SolarEdge Technologies In other SolarEdge Technologies news, Chairman More Avery bought 30,000 shares of SolarEdge Technologies stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $13.70 per share, for a total transaction of $411,000.
00. Following the completion of the transaction, the chairman now directly owns 274,478 shares in the company, valued at $3,760,348.60.
This represents a 12.27 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link .
0.67% of the stock is owned by corporate insiders. SolarEdge Technologies Profile ( Free Report ) SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, manufactures, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in the United States, Germany, the Netherlands, Italy, rest of Europe, and internationally.
It operates in two segments, Solar and Energy Storage. Featured Articles Five stocks we like better than SolarEdge Technologies 3 Ways To Invest In Coffee, Other Than Drinking It How to Invest in Micro-Cap Stocks Like a Pro Insider Trades May Not Tell You What You Think Investors Sell Microsoft Stock on OpenAI News—Time to Buy? What is Forex and How Does it Work? Take-Two Interactive: A Defensive Play Set to Explode Want to see what other hedge funds are holding SEDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SolarEdge Technologies, Inc.
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