SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $17.00

SolarEdge Technologies (NASDAQ:SEDG) had its price target upped by Susquehanna from $13.00 to $17.00 in a report issued on Thursday,Benzinga reports. Susquehanna currently has a neutral rating on the semiconductor company’s stock.

A number of other analysts have also commented on the stock. Northland Securities lowered shares of SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 price target for the company. in a research note on Thursday. TD Cowen cut their target price on shares of SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating for the company in a research report on Thursday, November 7th. The Goldman Sachs Group increased their price target on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of SolarEdge Technologies from $21.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, January 23rd. Finally, Morgan Stanley upgraded shares of SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $11.00 to $18.00 in a research report on Thursday. Ten equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, SolarEdge Technologies has a consensus rating of “Hold” and a consensus target price of $21.65.

SolarEdge Technologies Stock Down 3.1 %

NASDAQ:SEDG opened at $17.62 on Thursday. 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 has a one year low of $10.24 and a one year high of $78.40. The firm’s 50 day simple moving average is $14.59 and its 200 day simple moving average is $17.20. The company has a market cap of $1.02 billion, a PE ratio of -0.56 and a beta of 1.56.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Point72 Asset Management L.P. bought a new stake in SolarEdge Technologies in the fourth quarter worth about $17,909,000. Ion Asset Management Ltd. purchased a new position in SolarEdge Technologies in the 4th quarter worth approximately $12,005,000. Grantham Mayo Van Otterloo & Co. LLC boosted its stake in shares of SolarEdge Technologies by 14.9% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 4,953,698 shares of the semiconductor company’s stock valued at $67,370,000 after purchasing an additional 641,915 shares in the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of 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 valued at $11,888,000 after purchasing an additional 564,490 shares in the last quarter. Finally, Legal & General Group Plc raised its holdings in SolarEdge Technologies by 67.6% during the 4th quarter. Legal & General Group Plc now owns 1,269,298 shares of the semiconductor company’s stock valued at $17,262,000 after buying an additional 512,035 shares during the last quarter. 95.10% of the stock is owned by institutional investors.

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.