2 weeks Ago By ABMN Staff
Hsbc Holdings PLC boosted its holdings in shares of SolarEdge Technologies, Inc. ( NASDAQ:SEDG – Free Report ) by 79.8% during the second quarter, HoldingsChannel reports.
The fund owned 42,702 shares of the semiconductor company’s stock after purchasing an additional 18,946 shares during the quarter. Hsbc Holdings PLC’s holdings in SolarEdge Technologies were worth $1,062,000 at the end of the most recent quarter. Several other institutional investors and hedge funds have also recently added to or reduced their stakes in SEDG.
Swedbank AB acquired a new position in shares of SolarEdge Technologies during the first quarter worth $261,312,000. Invenomic Capital Management LP bought a new stake in shares of SolarEdge Technologies in the 4th quarter valued at about $42,644,000. Quadrature Capital Ltd increased its stake in shares of SolarEdge Technologies by 1,206.
8% in the first quarter. Quadrature Capital Ltd now owns 240,632 shares of the semiconductor company’s stock valued at $17,080,000 after buying an additional 222,218 shares during the period. Assenagon Asset Management S.
A. raised its position in shares of SolarEdge Technologies by 798.2% during the second quarter.
Assenagon Asset Management S.A. now owns 197,679 shares of the semiconductor company’s stock worth $4,993,000 after acquiring an additional 175,671 shares during the last quarter.
Finally, Quantbot Technologies LP acquired a new position in shares of SolarEdge Technologies in the second quarter worth approximately $4,391,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In Several research firms have issued reports on SEDG. DZ Bank lowered shares of SolarEdge Technologies from a “hold” rating to a “sell” rating and set a $24.00 price target for the company.
in a report on Wednesday, July 17th. Truist Financial reissued a “hold” rating and set a $20.00 target price on shares of SolarEdge Technologies in a research note on Tuesday, August 27th.
Royal Bank of Canada cut their price target on shares of SolarEdge Technologies from $37.00 to $35.00 and set a “sector perform” rating on the stock in a research report on Thursday, August 8th.
TD Cowen lowered their price objective on SolarEdge Technologies from $50.00 to $35.00 and set a “buy” rating for the company in a research report on Thursday, August 8th.
Finally, Susquehanna cut their target price on SolarEdge Technologies from $36.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday, August 8th.
Five equities research analysts have rated the stock with a sell rating, twenty-five have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Hold” and a consensus target price of $49.
35. SolarEdge Technologies Stock Up 7.0 % Shares of NASDAQ:SEDG opened at $23.
12 on Friday. SolarEdge Technologies, Inc. has a 1 year low of $17.
12 and a 1 year high of $135.95. The company has a market capitalization of $1.
32 billion, a PE ratio of -4.97 and a beta of 1.56.
The business has a fifty day moving average price of $23.52 and a two-hundred day moving average price of $40.54.
The company has a debt-to-equity ratio of 0.32, a current ratio of 5.10 and a quick ratio of 2.
45. SolarEdge Technologies ( NASDAQ:SEDG – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The semiconductor company reported ($1.
79) earnings per share for the quarter, missing the consensus estimate of ($1.60) by ($0.19).
SolarEdge Technologies had a negative net margin of 33.86% and a negative return on equity of 18.00%.
The company had revenue of $265.41 million for the quarter, compared to the consensus estimate of $264.31 million.
During the same quarter in the previous year, the company posted $2.06 EPS. SolarEdge Technologies’s quarterly revenue was down 73.
2% compared to the same quarter last year. Analysts forecast that SolarEdge Technologies, Inc. will post -8.
57 earnings per share for the current year. About SolarEdge Technologies ( 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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