Triodos Investment Management BV reduced its position in Solaredge Technologies Inc (NASDAQ:SEDG) by 26.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 110,000 shares of the semiconductor company’s stock after selling 40,000 shares during the quarter. Solaredge Technologies makes up about 2.3% of Triodos Investment Management BV’s portfolio, making the stock its 17th largest position. Triodos Investment Management BV’s holdings in Solaredge Technologies were worth $9,209,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of SEDG. Pathstone Family Office LLC acquired a new position in shares of Solaredge Technologies during the 2nd quarter valued at $31,000. C M Bidwell & Associates Ltd. acquired a new position in shares of Solaredge Technologies during the 2nd quarter valued at $32,000. Westside Investment Management Inc. acquired a new position in shares of Solaredge Technologies during the 2nd quarter valued at $35,000. Winslow Evans & Crocker Inc. lifted its position in shares of Solaredge Technologies by 376.7% during the 3rd quarter. Winslow Evans & Crocker Inc. now owns 410 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 324 shares during the period. Finally, Capital Investment Advisory Services LLC acquired a new position in shares of Solaredge Technologies during the 3rd quarter valued at $38,000. 81.44% of the stock is currently owned by institutional investors.
SEDG traded down $1.95 during trading on Friday, hitting $77.95. 1,466,800 shares of the company’s stock were exchanged, compared to its average volume of 899,116. The stock has a market cap of $3.99 billion, a P/E ratio of 28.98, a PEG ratio of 1.27 and a beta of 0.05. The business’s 50 day moving average is $86.12 and its two-hundred day moving average is $69.45. The company has a quick ratio of 1.98, a current ratio of 2.49 and a debt-to-equity ratio of 0.05. Solaredge Technologies Inc has a fifty-two week low of $32.42 and a fifty-two week high of $96.69.
Solaredge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, November 6th. The semiconductor company reported $1.21 earnings per share for the quarter, topping analysts’ consensus estimates of $0.99 by $0.22. The firm had revenue of $410.56 million during the quarter, compared to analyst estimates of $402.89 million. Solaredge Technologies had a net margin of 10.09% and a return on equity of 17.81%. The company’s quarterly revenue was up 73.5% on a year-over-year basis. During the same quarter last year, the business earned $0.86 earnings per share. On average, sell-side analysts forecast that Solaredge Technologies Inc will post 2.99 earnings per share for the current year.
A number of research analysts recently issued reports on SEDG shares. Northland Securities reiterated a “buy” rating on shares of Solaredge Technologies in a research report on Thursday. TheStreet upgraded shares of Solaredge Technologies from a “c+” rating to a “b-” rating in a research report on Wednesday, August 7th. Cowen set a $85.00 target price on shares of Solaredge Technologies and gave the company a “buy” rating in a research report on Wednesday, August 7th. Zacks Investment Research downgraded shares of Solaredge Technologies from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 9th. Finally, ValuEngine downgraded shares of Solaredge Technologies from a “hold” rating to a “sell” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. Solaredge Technologies has a consensus rating of “Buy” and a consensus price target of $85.75.
In other Solaredge Technologies news, VP Yoav Galin sold 97,500 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $84.22, for a total transaction of $8,211,450.00. Following the completion of the transaction, the vice president now owns 59,030 shares in the company, valued at $4,971,506.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Zvi Lando sold 28,604 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $78.55, for a total transaction of $2,246,844.20. Following the transaction, the vice president now owns 101,313 shares of the company’s stock, valued at approximately $7,958,136.15. The disclosure for this sale can be found here. Insiders have sold 270,203 shares of company stock valued at $22,538,997 in the last quarter. Company insiders own 7.90% of the company’s stock.
About Solaredge Technologies
SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations worldwide. Its SolarEdge system consists of power optimizers, inverters, communication and smart energy management solutions, and a cloud based monitoring platform.
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