SolarEdge Technologies, Inc. (NASDAQ:SEDG) Position Lessened by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. decreased its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 95.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 10,941 shares of the semiconductor company's stock after selling 250,734 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.'s holdings in SolarEdge Technologies were worth $149,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SEDG. Y.D. More Investments Ltd increased its stake in SolarEdge Technologies by 251.8% in the fourth quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company's stock valued at $53,000 after purchasing an additional 2,770 shares during the last quarter. R Squared Ltd acquired a new position in shares of SolarEdge Technologies during the 4th quarter valued at about $61,000. KBC Group NV lifted 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 acquiring an additional 1,378 shares during the period. GAMMA Investing LLC lifted its holdings in shares of SolarEdge Technologies by 655.2% during the 4th quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company's stock worth $72,000 after acquiring an additional 4,567 shares during the period. Finally, US Bancorp DE boosted its position in shares of SolarEdge Technologies by 243.6% in the third quarter. US Bancorp DE now owns 6,818 shares of the semiconductor company's stock worth $156,000 after acquiring an additional 4,834 shares during the last quarter. 95.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Royal Bank of Canada cut their price target on shares of SolarEdge Technologies from $35.00 to $25.00 and set a "sector perform" rating on the stock in a research note on Tuesday, October 15th. UBS Group dropped their price objective on SolarEdge Technologies from $26.00 to $18.00 and set a "neutral" rating for the company in a report on Friday, November 8th. Wells Fargo & Company reduced their target price on SolarEdge Technologies from $19.00 to $15.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 8th. StockNews.com upgraded SolarEdge Technologies to a "sell" rating in a research note on Friday, November 8th. Finally, BMO Capital Markets reduced their price objective on SolarEdge Technologies from $21.00 to $12.00 and set a "market perform" rating on the stock in a research note on Thursday, November 7th. Eight equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $20.84.

SolarEdge Technologies Stock Down 6.0 %

NASDAQ SEDG traded down $0.85 during trading hours on Tuesday, reaching $13.37. 2,669,232 shares of the company traded hands, compared to its average volume of 3,837,804. The stock has a market capitalization of $774.79 million, a PE ratio of -0.46 and a beta of 1.56. The company has a current ratio of 2.34, a quick ratio of 1.46 and a debt-to-equity ratio of 0.39. SolarEdge Technologies, Inc. has a 12 month low of $10.24 and a 12 month high of $87.98. The company has a 50 day moving average of $14.10 and a two-hundred day moving average of $17.67.

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.