First Pacific Financial Boosts Stock Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

First Pacific Financial boosted its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 49.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,581 shares of the semiconductor company’s stock after acquiring an additional 856 shares during the quarter. First Pacific Financial’s holdings in SolarEdge Technologies were worth $242,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of SEDG. Altshuler Shaham Ltd raised its position in shares of SolarEdge Technologies by 143.8% in the 3rd quarter. Altshuler Shaham Ltd now owns 20,856 shares of the semiconductor company’s stock worth $2,701,000 after acquiring an additional 12,302 shares in the last quarter. Royal London Asset Management Ltd. raised its position in shares of SolarEdge Technologies by 5.4% in the 3rd quarter. Royal London Asset Management Ltd. now owns 21,492 shares of the semiconductor company’s stock worth $2,782,000 after acquiring an additional 1,101 shares in the last quarter. Meitav Investment House Ltd. raised its position in shares of SolarEdge Technologies by 27.2% in the 3rd quarter. Meitav Investment House Ltd. now owns 465,854 shares of the semiconductor company’s stock worth $61,231,000 after acquiring an additional 99,681 shares in the last quarter. Janney Capital Management LLC raised its position in shares of SolarEdge Technologies by 112.2% in the 3rd quarter. Janney Capital Management LLC now owns 38,910 shares of the semiconductor company’s stock worth $5,039,000 after acquiring an additional 20,577 shares in the last quarter. Finally, Compagnie Lombard Odier SCmA raised its position in shares of SolarEdge Technologies by 250.0% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company’s stock worth $66,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Analyst Upgrades and Downgrades

SEDG has been the topic of several recent analyst reports. Truist Financial reduced their target price on SolarEdge Technologies from $80.00 to $75.00 and set a “hold” rating on the stock in a research report on Thursday, February 22nd. StockNews.com upgraded SolarEdge Technologies to a “sell” rating in a research report on Thursday, December 28th. Royal Bank of Canada lowered their price target on SolarEdge Technologies from $85.00 to $77.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 21st. Scotiabank reduced their target price on SolarEdge Technologies from $93.00 to $90.00 and set a “sector perform” rating for the company in a report on Wednesday, February 21st. Finally, The Goldman Sachs Group reduced their target price on SolarEdge Technologies from $83.00 to $71.00 and set a “sell” rating for the company in a report on Wednesday, January 24th. Four research analysts have rated the stock with a sell rating, twenty have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, SolarEdge Technologies presently has a consensus rating of “Hold” and a consensus price target of $109.69.

Insider Buying and Selling

In related news, Director More Avery bought 7,000 shares of the stock in a transaction that occurred on Thursday, February 29th. The stock was purchased at an average cost of $67.75 per share, with a total value of $474,250.00. Following the purchase, the director now directly owns 77,446 shares of the company’s stock, valued at approximately $5,246,966.50. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.17% of the stock is currently owned by insiders.

SolarEdge Technologies Trading Up 9.9 %

Shares of NASDAQ SEDG opened at $69.69 on Thursday. SolarEdge Technologies, Inc. has a twelve month low of $60.44 and a twelve month high of $322.19. The company has a current ratio of 3.70, a quick ratio of 2.08 and a debt-to-equity ratio of 0.28. The stock has a fifty day simple moving average of $70.92 and a 200-day simple moving average of $87.80. The stock has a market capitalization of $3.98 billion, a PE ratio of 154.87 and a beta of 1.50.

SolarEdge Technologies (NASDAQ:SEDG) last issued its quarterly earnings data on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, beating analysts’ consensus estimates of ($2.01) by $0.60. SolarEdge Technologies had a return on equity of 5.00% and a net margin of 1.15%. The business had revenue of $316.04 million during the quarter, compared to analysts’ expectations of $319.97 million. On average, equities analysts forecast that SolarEdge Technologies, Inc. will post -3.94 earnings per share for the current year.

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.