SolarEdge Technologies, Inc. (NASDAQ:SEDG) Shares Purchased by Jump Financial LLC

Jump Financial LLC lifted its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 69.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 282,605 shares of the semiconductor company's stock after buying an additional 115,907 shares during the quarter. Jump Financial LLC owned approximately 0.49% of SolarEdge Technologies worth $3,843,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. XTX Topco Ltd purchased a new stake in SolarEdge Technologies during the fourth quarter worth $350,000. Renaissance Technologies LLC increased its position in shares of SolarEdge Technologies by 79.6% during the fourth quarter. Renaissance Technologies LLC now owns 627,700 shares of the semiconductor company's stock worth $8,537,000 after purchasing an additional 278,200 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of SolarEdge Technologies by 67.6% during the 4th quarter. Legal & General Group Plc now owns 1,269,298 shares of the semiconductor company's stock valued at $17,262,000 after purchasing an additional 512,035 shares during the last quarter. Invesco Ltd. boosted its holdings in SolarEdge Technologies by 5.0% in the fourth quarter. Invesco Ltd. now owns 2,445,164 shares of the semiconductor company's stock worth $33,254,000 after acquiring an additional 116,809 shares in the last quarter. Finally, Aristides Capital LLC acquired a new stake in SolarEdge Technologies in the 4th quarter worth approximately $223,000. Institutional investors own 95.10% of the company's stock.

Insider Buying and Selling

In related news, Chairman More Avery purchased 30,000 shares of the company's stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $13.70 per share, with a total value of $411,000.00. Following the completion of the transaction, the chairman now owns 274,478 shares of the company's stock, valued at approximately $3,760,348.60. This represents a 12.27 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on SEDG shares. Barclays raised their price objective on shares of SolarEdge Technologies from $10.00 to $11.00 and gave the stock an "underweight" rating in a research note on Wednesday, April 16th. Jefferies Financial Group reduced their price objective on shares of SolarEdge Technologies from $12.00 to $9.00 and set an "underperform" rating for the company in a research report on Tuesday, April 15th. BMO Capital Markets downgraded shares of SolarEdge Technologies from a "market perform" rating to an "underperform" rating and upped their price target for the stock from $13.00 to $15.00 in a research report on Thursday, February 20th. Northland Securities downgraded SolarEdge Technologies from a "market perform" rating to an "under perform" rating and set a $15.00 price objective for the company. in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. lowered their price target on shares of SolarEdge Technologies from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Thursday, January 23rd. Ten analysts have rated the stock with a sell rating, fifteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $21.53.

SolarEdge Technologies Price Performance

Shares of NASDAQ:SEDG traded up $1.21 during trading on Tuesday, hitting $13.31. 2,074,011 shares of the stock were exchanged, compared to its average volume of 4,192,993. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $64.04. The company has a market cap of $785.98 million, a PE ratio of -0.43 and a beta of 1.63. The company has a fifty day moving average price of $15.65 and a two-hundred day moving average price of $15.06. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56.

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.