Vontobel Holding Ltd. Cuts Stock Position in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Vontobel Holding Ltd. lowered its holdings in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) by 20.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 78,558 shares of the semiconductor company's stock after selling 20,058 shares during the quarter. Vontobel Holding Ltd. owned approximately 0.14% of SolarEdge Technologies worth $1,068,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SEDG. Two Sigma Advisers LP lifted its stake in SolarEdge Technologies by 0.3% in the 3rd quarter. Two Sigma Advisers LP now owns 1,142,100 shares of the semiconductor company's stock valued at $26,166,000 after buying an additional 3,400 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of SolarEdge Technologies by 0.8% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,011,760 shares of the semiconductor company's stock valued at $13,760,000 after acquiring an additional 8,079 shares during the last quarter. M&G PLC lifted its position in shares of SolarEdge Technologies by 4.2% in the third quarter. M&G PLC now owns 932,711 shares of the semiconductor company's stock valued at $21,452,000 after acquiring an additional 38,001 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of SolarEdge Technologies by 182.3% in the fourth quarter. Assenagon Asset Management S.A. now owns 874,113 shares of the semiconductor company's stock valued at $11,888,000 after acquiring an additional 564,490 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of SolarEdge Technologies by 3.7% in the third quarter. Geode Capital Management LLC now owns 708,044 shares of the semiconductor company's stock worth $16,227,000 after acquiring an additional 25,474 shares during the last quarter. 95.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on the company. Roth Mkm increased their price objective on SolarEdge Technologies from $17.00 to $20.00 and gave the company a "neutral" rating in a research note on Friday. Bank of America cut shares of SolarEdge Technologies from a "neutral" rating to an "underperform" rating and reduced their target price for the company from $21.00 to $14.00 in a research report on Thursday, November 7th. Northland Capmk lowered shares of SolarEdge Technologies from a "hold" rating to a "strong sell" rating in a research report on Thursday. The Goldman Sachs Group upped their price objective on shares of SolarEdge Technologies from $21.00 to $31.00 and gave the company a "buy" rating in a research note on Thursday. Finally, UBS Group raised their target price on shares of SolarEdge Technologies from $18.00 to $22.00 and gave the stock a "neutral" rating in a research note on Thursday. 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 given a strong buy rating to the company. According to MarketBeat, SolarEdge Technologies presently has an average rating of "Hold" and a consensus price target of $21.65.

SolarEdge Technologies Trading Down 3.1 %

Shares of SEDG stock traded down $0.57 during trading hours on Friday, hitting $17.62. The company had a trading volume of 5,092,802 shares, compared to its average volume of 4,924,387. 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 stock has a market capitalization of $1.02 billion, a PE ratio of -0.56 and a beta of 1.56. The company's fifty day moving average is $14.50 and its 200 day moving average is $17.29. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $78.40.

SolarEdge Technologies 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.