Bank Hapoalim BM Acquires 8,053 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Bank Hapoalim BM lifted its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 24.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,626 shares of the semiconductor company’s stock after purchasing an additional 8,053 shares during the quarter. Bank Hapoalim BM owned 0.07% of SolarEdge Technologies worth $566,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in SEDG. R Squared Ltd bought a new position in shares of SolarEdge Technologies during the fourth quarter worth approximately $61,000. KBC Group NV increased its holdings in shares of SolarEdge Technologies by 95.8% during the third quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 1,378 shares during the period. GAMMA Investing LLC increased its holdings in shares of SolarEdge Technologies by 655.2% during the fourth quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company’s stock worth $72,000 after purchasing an additional 4,567 shares during the period. US Bancorp DE increased its stake in SolarEdge Technologies by 243.6% in the third quarter. US Bancorp DE now owns 6,818 shares of the semiconductor company’s stock valued at $156,000 after acquiring an additional 4,834 shares during the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in SolarEdge Technologies in the fourth quarter valued at approximately $227,000. 95.10% of the stock is owned by institutional investors.

SolarEdge Technologies Stock Up 4.0 %

SEDG opened at $13.89 on Wednesday. SolarEdge Technologies, Inc. has a 1-year low of $10.24 and a 1-year high of $87.98. The company has a quick ratio of 1.46, a current ratio of 2.34 and a debt-to-equity ratio of 0.39. The company has a fifty day moving average price of $14.20 and a two-hundred day moving average price of $18.10.

SolarEdge Technologies (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, November 6th. The semiconductor company reported ($15.33) earnings per share for the quarter, missing the consensus estimate of ($1.55) by ($13.78). The company had revenue of $260.90 million during the quarter, compared to the consensus estimate of $272.80 million. SolarEdge Technologies had a negative net margin of 158.19% and a negative return on equity of 65.79%. The company’s revenue for the quarter was down 64.0% on a year-over-year basis. During the same period last year, the firm posted ($1.03) earnings per share. Analysts expect that SolarEdge Technologies, Inc. will post -23.19 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on SEDG. TD Cowen decreased their price objective on shares of SolarEdge Technologies from $16.00 to $11.00 and set a “hold” rating on the stock in a research note on Thursday, November 7th. StockNews.com raised shares of SolarEdge Technologies to a “sell” rating in a research note on Friday, November 8th. Glj Research raised shares of SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Susquehanna decreased their price objective on shares of SolarEdge Technologies from $20.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, November 7th. Finally, Guggenheim raised shares of SolarEdge Technologies from a “sell” rating to a “neutral” rating in a research note on Wednesday, November 20th. Eight research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $20.84.

Insider Transactions at SolarEdge Technologies

In other SolarEdge Technologies news, Chairman More Avery bought 156,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was bought at an average cost of $13.65 per share, with a total value of $2,129,400.00. Following the completion of the transaction, the chairman now directly owns 244,478 shares in the company, valued at approximately $3,337,124.70. The trade was a 176.32 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.67% of the stock is currently owned by insiders.

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.