SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $11.00 at Barclays

SolarEdge Technologies (NASDAQ:SEDG) had its price target boosted by Barclays from $10.00 to $11.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an underweight rating on the semiconductor company’s stock.

Other equities analysts also recently issued research reports about the stock. Truist Financial decreased their price objective on shares of SolarEdge Technologies from $15.00 to $14.00 and set a “hold” rating for the company in a report on Thursday, January 16th. The Goldman Sachs Group increased their price objective on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, February 20th. Northland Securities lowered SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 target price for the company. in a report on Thursday, February 20th. Susquehanna cut their price target on SolarEdge Technologies from $17.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Roth Mkm increased their target price on SolarEdge Technologies from $17.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, February 21st. Ten investment analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $21.53.

SolarEdge Technologies Trading Up 1.3 %

Shares of NASDAQ SEDG opened at $12.65 on Wednesday. The stock has a market capitalization of $746.78 million, a P/E ratio of -0.41 and a beta of 1.63. The stock’s 50 day moving average price is $15.67 and its two-hundred day moving average price is $15.20. The company has a quick ratio of 1.46, a current ratio of 1.95 and a debt-to-equity ratio of 0.56. SolarEdge Technologies has a 52-week low of $10.24 and a 52-week high of $64.04.

Insider Buying and Selling

In other news, Chairman More Avery bought 30,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $13.70 per share, for a total transaction of $411,000.00. Following the completion of the acquisition, the chairman now directly owns 274,478 shares in the company, valued at $3,760,348.60. This represents a 12.27 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.67% of the company’s stock.

Institutional Investors Weigh In On SolarEdge Technologies

Several hedge funds have recently made changes to their positions in the company. Fifth Third Bancorp grew its position in SolarEdge Technologies by 93.7% during the 1st quarter. Fifth Third Bancorp now owns 1,633 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 790 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of SolarEdge Technologies by 401.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,954 shares during the period. Millstone Evans Group LLC purchased a new position in shares of SolarEdge Technologies during the fourth quarter valued at $27,000. Y.D. More Investments Ltd raised its position in SolarEdge Technologies by 251.8% during the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock valued at $53,000 after buying an additional 2,770 shares during the period. Finally, Meitav Investment House Ltd. raised its position in SolarEdge Technologies by 0.6% during the fourth quarter. Meitav Investment House Ltd. now owns 585,391 shares of the semiconductor company’s stock valued at $7,957,000 after buying an additional 3,282 shares during the period. Hedge funds and other institutional investors own 95.10% of the company’s stock.

SolarEdge Technologies Company Profile

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.