SolarEdge Technologies (NASDAQ:SEDG) Stock Rating Lowered by Susquehanna

Susquehanna downgraded shares of SolarEdge Technologies (NASDAQ:SEDGFree Report) from a positive rating to a neutral rating in a research report released on Monday, MarketBeat.com reports. The firm currently has $56.00 target price on the semiconductor company’s stock, down from their prior target price of $92.00.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company decreased their target price on SolarEdge Technologies from $91.00 to $81.00 and set an equal weight rating on the stock in a report on Thursday, February 22nd. Roth Mkm dropped their target price on shares of SolarEdge Technologies from $76.00 to $60.00 and set a neutral rating on the stock in a research report on Tuesday, May 7th. Royal Bank of Canada decreased their price objective on shares of SolarEdge Technologies from $74.00 to $71.00 and set a sector perform rating for the company in a research note on Thursday, May 9th. Mizuho cut their target price on shares of SolarEdge Technologies from $104.00 to $84.00 and set a buy rating on the stock in a research note on Friday. Finally, Northland Securities cut SolarEdge Technologies from an outperform rating to a market perform rating in a research report on Thursday, May 9th. Four analysts have rated the stock with a sell rating, twenty-three have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $87.12.

View Our Latest Stock Report on SolarEdge Technologies

SolarEdge Technologies Stock Performance

Shares of SEDG stock opened at $52.21 on Monday. The company’s 50-day simple moving average is $63.64 and its 200-day simple moving average is $73.26. SolarEdge Technologies has a one year low of $48.82 and a one year high of $313.55. The company has a quick ratio of 2.19, a current ratio of 4.54 and a debt-to-equity ratio of 0.30.

SolarEdge Technologies (NASDAQ:SEDGGet Free Report) last issued its quarterly earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) EPS for the quarter, beating analysts’ consensus estimates of ($2.01) by $0.60. SolarEdge Technologies had a negative return on equity of 6.43% and a negative net margin of 11.68%. The company had revenue of $316.04 million for the quarter, compared to analyst estimates of $319.97 million. As a group, research analysts forecast that SolarEdge Technologies will post -4.68 earnings per share for the current year.

Insider Transactions at SolarEdge Technologies

In related news, Director More Avery purchased 7,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 29th. The shares were acquired at an average price of $67.75 per share, with a total value of $474,250.00. Following the purchase, the director now directly owns 77,446 shares in the company, valued at $5,246,966.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.17% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of SEDG. Altshuler Shaham Ltd raised its stake in shares of SolarEdge Technologies by 143.8% in the third quarter. Altshuler Shaham Ltd now owns 20,856 shares of the semiconductor company’s stock worth $2,701,000 after acquiring an additional 12,302 shares during the last quarter. International Assets Investment Management LLC increased its stake in shares of SolarEdge Technologies by 20,293.3% in the 4th quarter. International Assets Investment Management LLC now owns 103,802 shares of the semiconductor company’s stock valued at $9,716,000 after buying an additional 103,293 shares during the period. Royal London Asset Management Ltd. lifted its stake in shares of SolarEdge Technologies by 5.4% during the third quarter. Royal London Asset Management Ltd. now owns 21,492 shares of the semiconductor company’s stock valued at $2,782,000 after acquiring an additional 1,101 shares during the period. Compagnie Lombard Odier SCmA boosted its holdings in SolarEdge Technologies by 250.0% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company’s stock valued at $66,000 after acquiring an additional 500 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its holdings in SolarEdge Technologies by 129.6% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 205,814 shares of the semiconductor company’s stock worth $19,264,000 after purchasing an additional 116,176 shares during the last quarter. Institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Company Profile

(Get 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.

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