IQ EQ FUND MANAGEMENT IRELAND Ltd Has $141,000 Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

IQ EQ FUND MANAGEMENT IRELAND Ltd reduced its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 58.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,379 shares of the semiconductor company’s stock after selling 14,738 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in SolarEdge Technologies were worth $141,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Assenagon Asset Management S.A. grew its position in SolarEdge Technologies by 182.3% in the 4th quarter. Assenagon Asset Management S.A. now owns 874,113 shares of the semiconductor company’s stock worth $11,888,000 after purchasing an additional 564,490 shares during the last quarter. Soros Fund Management LLC bought a new stake in shares of SolarEdge Technologies in the 3rd quarter worth approximately $5,293,000. Erste Asset Management GmbH acquired a new stake in shares of SolarEdge Technologies during the 3rd quarter worth approximately $4,420,000. Charles Schwab Investment Management Inc. increased its position in shares of SolarEdge Technologies by 38.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 520,928 shares of the semiconductor company’s stock valued at $7,085,000 after purchasing an additional 144,733 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of SolarEdge Technologies by 592.3% in the fourth quarter. SG Americas Securities LLC now owns 137,736 shares of the semiconductor company’s stock valued at $1,873,000 after purchasing an additional 117,841 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors.

SolarEdge Technologies Stock Down 0.5 %

NASDAQ SEDG opened at $15.85 on Friday. The stock has a market capitalization of $931.71 million, a P/E ratio of -0.51 and a beta of 1.78. SolarEdge Technologies, Inc. has a 52 week low of $10.24 and a 52 week high of $73.60. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95. The stock has a fifty day moving average of $15.64 and a 200-day moving average of $15.99.

Insider Activity at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery purchased 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 4th. The stock was acquired at an average cost of $13.70 per share, with a total value of $411,000.00. Following the completion of the purchase, the chairman now directly owns 274,478 shares in the company, valued at approximately $3,760,348.60. This represents a 12.27 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.67% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

SEDG has been the topic of a number of recent research reports. Piper Sandler lifted their price target on shares of SolarEdge Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Canaccord Genuity Group lifted their target price on shares of SolarEdge Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a research report on Thursday, February 20th. BMO Capital Markets lowered shares of SolarEdge Technologies from a “market perform” rating to an “underperform” rating and increased their price target for the stock from $13.00 to $15.00 in a research report on Thursday, February 20th. The Goldman Sachs Group raised their price target on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Finally, Truist Financial lowered their price objective on SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, SolarEdge Technologies has an average rating of “Hold” and an average price target of $21.80.

About SolarEdge Technologies

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.