XTX Topco Ltd Purchases Shares of 25,704 SolarEdge Technologies, Inc. (NASDAQ:SEDG)

XTX Topco Ltd acquired a new stake in SolarEdge Technologies, Inc. (NASDAQ:SEDG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 25,704 shares of the semiconductor company's stock, valued at approximately $350,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Millstone Evans Group LLC acquired a new position in SolarEdge Technologies in the 4th quarter valued at about $27,000. Jones Financial Companies Lllp grew its holdings 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 valued at $33,000 after purchasing an additional 1,954 shares in the last quarter. Y.D. More Investments Ltd increased its stake in SolarEdge Technologies by 251.8% during the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company's stock worth $53,000 after buying an additional 2,770 shares during the period. R Squared Ltd acquired a new stake in SolarEdge Technologies during the 4th quarter worth approximately $61,000. Finally, GAMMA Investing LLC boosted its position in SolarEdge Technologies by 655.2% in the 4th quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company's stock valued at $72,000 after buying an additional 4,567 shares during the period. Hedge funds and other institutional investors own 95.10% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SEDG shares. Piper Sandler increased their price objective on SolarEdge Technologies from $9.00 to $10.00 and gave the company an "underweight" rating in a research note on Thursday, February 20th. Guggenheim reiterated a "sell" rating and issued a $5.00 price objective on shares of SolarEdge Technologies in a research note on Wednesday. Canaccord Genuity Group upped their target price on shares of SolarEdge Technologies from $18.00 to $19.00 and gave the stock a "hold" rating in a research note on Thursday, February 20th. Jefferies Financial Group decreased their price target on shares of SolarEdge Technologies from $12.00 to $9.00 and set an "underperform" rating for the company in a research note on Tuesday, April 15th. Finally, Barclays boosted their target price 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. Ten analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, SolarEdge Technologies currently has a consensus rating of "Hold" and an average target price of $16.82.

Insider Buying and Selling at SolarEdge Technologies

In other news, Chairman More Avery acquired 30,000 shares of SolarEdge Technologies stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $13.70 per share, with a total value of $411,000.00. Following the completion of the purchase, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by insiders.

SolarEdge Technologies Price Performance

Shares of SEDG stock traded up $0.84 during mid-day trading on Friday, reaching $12.56. The stock had a trading volume of 4,219,256 shares, compared to its average volume of 4,251,321. The company has a market cap of $741.58 million, a P/E ratio of -0.40 and a beta of 1.63. The company has a current ratio of 1.95, a quick ratio of 1.46 and a debt-to-equity ratio of 0.56. SolarEdge Technologies, Inc. has a 12-month low of $10.24 and a 12-month high of $64.04. The business has a 50-day simple moving average of $15.34 and a 200 day simple moving average of $14.90.

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.