Charles Schwab Investment Management Inc. Has $7.09 Million Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Charles Schwab Investment Management Inc. boosted its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 38.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 520,928 shares of the semiconductor company's stock after buying an additional 144,733 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.90% of SolarEdge Technologies worth $7,085,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Jones Financial Companies Lllp increased its position in SolarEdge Technologies by 401.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company's stock worth $33,000 after acquiring an additional 1,954 shares during the period. KBC Group NV increased its holdings in shares of SolarEdge Technologies by 95.8% during the 3rd 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. Y.D. More Investments Ltd raised its position in shares of 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 last quarter. R Squared Ltd bought a new stake in shares of SolarEdge Technologies in the fourth quarter valued at about $61,000. Finally, GAMMA Investing LLC grew its position in 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 buying an additional 4,567 shares in the last quarter. 95.10% of the stock is currently owned by institutional investors and hedge funds.

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Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery bought 30,000 shares of the stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $13.70 per share, with a total value of $411,000.00. Following the acquisition, the chairman now owns 274,478 shares of the company's stock, valued at approximately $3,760,348.60. The trade was a 12.27 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.67% of the company's stock.

SolarEdge Technologies Trading Down 1.1 %

Shares of SEDG stock traded down $0.17 on Thursday, reaching $15.93. 1,380,724 shares of the stock were exchanged, compared to its average volume of 4,054,731. The stock has a 50 day moving average price of $15.57 and a 200 day moving average price of $16.01. The stock has a market cap of $936.41 million, a PE ratio of -0.51 and a beta of 1.78. SolarEdge Technologies, Inc. has a one year low of $10.24 and a one year high of $73.60. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46.

Analyst Ratings Changes

Several equities analysts have commented on SEDG shares. Citigroup reaffirmed a "sell" rating and issued a $9.00 price target (down previously from $12.00) on shares of SolarEdge Technologies in a report on Wednesday, January 8th. BMO Capital Markets downgraded shares of SolarEdge Technologies from a "market perform" rating to an "underperform" rating and lifted their price target for the stock from $13.00 to $15.00 in a research note on Thursday, February 20th. Glj Research raised shares of SolarEdge Technologies from a "strong sell" rating to a "strong-buy" rating in a report on Tuesday, December 17th. JPMorgan Chase & Co. reduced their price objective on shares of SolarEdge Technologies from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Thursday, January 23rd. Finally, Northland Securities lowered shares of SolarEdge Technologies from a "market perform" rating to an "under perform" rating and set a $15.00 target price on the stock. in a research report on Thursday, February 20th. Ten research analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $21.80.

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.