Counterpoint Mutual Funds LLC Has $800,000 Stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Counterpoint Mutual Funds LLC boosted its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 159.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,832 shares of the semiconductor company’s stock after acquiring an additional 36,187 shares during the quarter. Counterpoint Mutual Funds LLC owned 0.10% of SolarEdge Technologies worth $800,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. increased its position in SolarEdge Technologies by 38.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 520,928 shares of the semiconductor company’s stock worth $7,085,000 after acquiring an additional 144,733 shares during the period. Jones Financial Companies Lllp raised its holdings in SolarEdge Technologies by 401.2% during the 4th quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,954 shares during the last quarter. RWC Asset Management LLP bought a new stake in shares of SolarEdge Technologies in the 4th quarter valued at $173,000. Meitav Investment House Ltd. increased its stake in shares of SolarEdge Technologies by 0.6% in the 4th quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company’s stock valued at $7,957,000 after acquiring an additional 3,282 shares in the last quarter. Finally, Private Advisor Group LLC acquired a new stake in SolarEdge Technologies in the 4th quarter valued at $161,000. 95.10% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Chairman More Avery acquired 30,000 shares of SolarEdge Technologies stock in a transaction dated Tuesday, March 4th. The shares were bought at an average cost of $13.70 per share, with a total value of $411,000.00. Following the purchase, the chairman now owns 274,478 shares in the company, valued at $3,760,348.60. This trade represents a 12.27 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.67% of the stock is owned by corporate insiders.

SolarEdge Technologies Stock Up 7.0 %

SolarEdge Technologies stock opened at $16.12 on Monday. The firm has a market capitalization of $947.58 million, a PE ratio of -0.52 and a beta of 1.78. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46. The company’s 50-day moving average is $15.29 and its 200-day moving average is $16.27. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $73.60.

Analyst Ratings Changes

A number of research firms have issued reports on SEDG. Guggenheim raised shares of SolarEdge Technologies from a “sell” rating to a “neutral” rating in a report on Wednesday, November 20th. The Goldman Sachs Group boosted their price objective on SolarEdge Technologies from $21.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Piper Sandler upped their target price on SolarEdge Technologies from $9.00 to $10.00 and gave the stock an “underweight” rating in a research note on Thursday, February 20th. Morgan Stanley upgraded SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $11.00 to $18.00 in a report on Thursday, February 20th. Finally, Citigroup reissued a “sell” rating and set a $9.00 price objective (down previously from $12.00) on shares of SolarEdge Technologies in a research report on Wednesday, January 8th. Ten equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $21.65.

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.