12,705 Shares in SolarEdge Technologies, Inc. (NASDAQ:SEDG) Purchased by RWC Asset Management LLP

RWC Asset Management LLP 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 and Exchange Commission. The firm acquired 12,705 shares of the semiconductor company’s stock, valued at approximately $173,000.

Other large investors also recently added to or reduced their stakes in the company. Bank Hapoalim BM increased its stake in SolarEdge Technologies by 2.5% in the third quarter. Bank Hapoalim BM now owns 33,573 shares of the semiconductor company’s stock worth $769,000 after purchasing an additional 812 shares during the period. KBC Group NV boosted its holdings in SolarEdge Technologies by 95.8% in the third quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 1,378 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in SolarEdge Technologies by 9.1% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,000 shares of the semiconductor company’s stock worth $694,000 after purchasing an additional 2,500 shares during the last quarter. Y.D. More Investments Ltd lifted its stake in shares of SolarEdge Technologies by 251.8% during the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock worth $53,000 after buying an additional 2,770 shares during the period. Finally, Meitav Investment House Ltd. grew its holdings in shares of SolarEdge Technologies by 0.6% during the fourth quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company’s stock valued at $7,957,000 after buying an additional 3,282 shares during the last quarter. 95.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

SEDG has been the topic of a number of recent research reports. TD Cowen dropped their target price on SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research report on Thursday, November 7th. Glj Research upgraded shares of SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. UBS Group upped their price target on shares of SolarEdge Technologies from $18.00 to $22.00 and gave the company a “neutral” rating in a report on Thursday. Jefferies Financial Group lifted their price objective on SolarEdge Technologies from $9.00 to $12.00 and gave the company an “underperform” rating in a research note on Friday. Finally, BMO Capital Markets downgraded SolarEdge Technologies from a “market perform” rating to an “underperform” rating and upped their target price for the stock from $13.00 to $15.00 in a research note on Thursday. Ten research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, SolarEdge Technologies presently has an average rating of “Hold” and a consensus price target of $21.65.

SolarEdge Technologies Price Performance

NASDAQ SEDG opened at $17.62 on Monday. The firm has a market cap of $1.02 billion, a P/E ratio of -0.56 and a beta of 1.56. The stock’s 50-day moving average is $14.59 and its two-hundred day moving average is $17.15. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $78.40. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46.

SolarEdge Technologies Company Profile

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.