SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. trimmed its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDGFree Report) by 31.5% in the third quarter, HoldingsChannel.com reports. The firm owned 1,693 shares of the semiconductor company’s stock after selling 780 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in SolarEdge Technologies were worth $219,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Captrust Financial Advisors lifted its holdings in shares of SolarEdge Technologies by 3.5% in the 4th quarter. Captrust Financial Advisors now owns 1,162 shares of the semiconductor company’s stock valued at $329,000 after purchasing an additional 39 shares during the last quarter. United Capital Financial Advisers LLC increased its stake in SolarEdge Technologies by 2.0% in the first quarter. United Capital Financial Advisers LLC now owns 2,394 shares of the semiconductor company’s stock valued at $772,000 after purchasing an additional 46 shares during the period. Steward Partners Investment Advisory LLC increased its stake in SolarEdge Technologies by 49.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 145 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 48 shares during the period. B. Riley Wealth Advisors Inc. increased its stake in SolarEdge Technologies by 5.1% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 1,011 shares of the semiconductor company’s stock valued at $286,000 after purchasing an additional 49 shares during the period. Finally, Harbour Investments Inc. increased its stake in SolarEdge Technologies by 102.0% in the fourth quarter. Harbour Investments Inc. now owns 99 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 50 shares during the period. 86.11% of the stock is owned by institutional investors and hedge funds.

SolarEdge Technologies Stock Performance

Shares of NASDAQ:SEDG traded down $0.56 on Friday, hitting $69.88. The company’s stock had a trading volume of 840,300 shares, compared to its average volume of 2,782,934. SolarEdge Technologies, Inc. has a 12 month low of $63.25 and a 12 month high of $345.80. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 19.02 and a beta of 1.56. The stock’s 50-day moving average is $82.59 and its two-hundred day moving average is $128.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 2.49 and a current ratio of 3.84.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last released its earnings results on Wednesday, November 1st. The semiconductor company reported ($1.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($1.26). The firm had revenue of $725.31 million during the quarter, compared to analyst estimates of $766.65 million. SolarEdge Technologies had a return on equity of 14.14% and a net margin of 6.13%. On average, equities research analysts forecast that SolarEdge Technologies, Inc. will post 1.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on SEDG. Bank of America lowered shares of SolarEdge Technologies from a “neutral” rating to an “underperform” rating and set a $65.00 price objective on the stock. in a research report on Friday, October 20th. Wolfe Research downgraded shares of SolarEdge Technologies from an “outperform” rating to a “peer perform” rating in a report on Friday, November 3rd. Susquehanna dropped their target price on shares of SolarEdge Technologies from $186.00 to $128.00 and set a “positive” rating for the company in a report on Thursday, November 2nd. BNP Paribas lowered SolarEdge Technologies from an “outperform” rating to a “neutral” rating and set a $71.00 price objective on the stock. in a research note on Thursday, November 2nd. Finally, Johnson Rice lowered SolarEdge Technologies from an “accumulate” rating to a “hold” rating and decreased their price objective for the company from $300.00 to $140.00 in a research note on Friday, October 20th. Four research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SolarEdge Technologies has an average rating of “Hold” and an average target price of $136.96.

Get Our Latest Report on SEDG

About SolarEdge Technologies

(Free Report)

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. It operates in Solar and All Other segments. The company offers inverters, power optimizers, communication devices, and smart energy management solutions used in residential, commercial, and small utility-scale solar installations; and a cloud-based monitoring platform that collects and processes information from the power optimizers and inverters, as well as monitors and manages the solar PV system.

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Institutional Ownership by Quarter for SolarEdge Technologies (NASDAQ:SEDG)

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