Jefferies Financial Group Increases SolarEdge Technologies (NASDAQ:SEDG) Price Target to $12.00

SolarEdge Technologies (NASDAQ:SEDG) had its price objective lifted by analysts at Jefferies Financial Group from $9.00 to $12.00 in a report issued on Friday,Benzinga reports. The firm presently has an “underperform” rating on the semiconductor company’s stock. Jefferies Financial Group’s price target indicates a potential downside of 31.90% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Mizuho cut shares of SolarEdge Technologies from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $35.00 to $11.00 in a research note on Thursday, November 7th. The Goldman Sachs Group upped their price objective on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday. Northland Capmk cut shares of SolarEdge Technologies from a “hold” rating to a “strong sell” rating in a research report on Thursday. Guggenheim raised shares of SolarEdge Technologies from a “sell” rating to a “neutral” rating in a research report on Wednesday, November 20th. Finally, UBS Group increased their price target on shares of SolarEdge Technologies from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $21.65.

SolarEdge Technologies Price Performance

Shares of SolarEdge Technologies stock opened at $17.62 on Friday. SolarEdge Technologies has a 52-week low of $10.24 and a 52-week high of $78.40. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of -0.56 and a beta of 1.56. The company has a fifty day moving average of $14.59 and a 200-day moving average of $17.20. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95.

Institutional Trading of SolarEdge Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. International Assets Investment Management LLC boosted its holdings in shares of SolarEdge Technologies by 2,191.0% during the 3rd quarter. International Assets Investment Management LLC now owns 25,407 shares of the semiconductor company’s stock valued at $582,000 after acquiring an additional 24,298 shares during the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of SolarEdge Technologies by 56.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 309,623 shares of the semiconductor company’s stock valued at $7,093,000 after acquiring an additional 111,944 shares during the last quarter. E. Ohman J or Asset Management AB boosted its holdings in shares of SolarEdge Technologies by 109.3% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 373,581 shares of the semiconductor company’s stock valued at $8,559,000 after acquiring an additional 195,085 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 valued at $694,000 after acquiring an additional 2,500 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale purchased a new stake in shares of SolarEdge Technologies during the 3rd quarter valued at about $1,495,000. 95.10% of the stock is currently 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.