SolarEdge Technologies, Inc. (SEDG) VP Sells $328,200.00 in Stock

SolarEdge Technologies, Inc. (NASDAQ:SEDG) VP Yoav Galin sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $32.82, for a total value of $328,200.00. Following the completion of the sale, the vice president now owns 35,000 shares of the company’s stock, valued at $1,148,700. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Yoav Galin also recently made the following trade(s):

  • On Monday, October 2nd, Yoav Galin sold 15,000 shares of SolarEdge Technologies stock. The shares were sold at an average price of $28.64, for a total value of $429,600.00.
  • On Tuesday, September 12th, Yoav Galin sold 15,000 shares of SolarEdge Technologies stock. The shares were sold at an average price of $26.35, for a total value of $395,250.00.

SolarEdge Technologies, Inc. (NASDAQ:SEDG) opened at $33.80 on Friday. The company has a current ratio of 4.64, a quick ratio of 3.92 and a debt-to-equity ratio of 0.01. SolarEdge Technologies, Inc. has a 1-year low of $11.35 and a 1-year high of $34.00. The stock has a market capitalization of $1,422.44, a PE ratio of 22.99, a price-to-earnings-growth ratio of 0.88 and a beta of 0.10.

SolarEdge Technologies (NASDAQ:SEDG) last issued its earnings results on Wednesday, August 2nd. The semiconductor company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.18. SolarEdge Technologies had a return on equity of 21.01% and a net margin of 12.64%. The firm had revenue of $136.10 million for the quarter, compared to analysts’ expectations of $125.07 million. During the same quarter last year, the business earned $0.44 earnings per share. The company’s revenue was up 9.1% compared to the same quarter last year. sell-side analysts expect that SolarEdge Technologies, Inc. will post 1.6 EPS for the current year.

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A number of institutional investors and hedge funds have recently modified their holdings of SEDG. Wells Fargo & Company MN boosted its holdings in SolarEdge Technologies by 187.4% during the first quarter. Wells Fargo & Company MN now owns 18,679 shares of the semiconductor company’s stock worth $292,000 after buying an additional 12,179 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in SolarEdge Technologies by 502.4% during the first quarter. Bank of New York Mellon Corp now owns 217,763 shares of the semiconductor company’s stock worth $3,396,000 after buying an additional 181,615 shares during the last quarter. Swiss National Bank boosted its holdings in SolarEdge Technologies by 7.5% during the first quarter. Swiss National Bank now owns 37,400 shares of the semiconductor company’s stock worth $583,000 after buying an additional 2,600 shares during the last quarter. Parametric Portfolio Associates LLC bought a new position in SolarEdge Technologies during the first quarter worth about $592,000. Finally, FMR LLC boosted its holdings in SolarEdge Technologies by 4.5% during the first quarter. FMR LLC now owns 3,183,418 shares of the semiconductor company’s stock worth $49,662,000 after buying an additional 136,899 shares during the last quarter. Hedge funds and other institutional investors own 57.02% of the company’s stock.

A number of analysts have recently weighed in on the company. BidaskClub upgraded SolarEdge Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Barclays PLC reiterated an “overweight” rating and issued a $28.00 price target (up previously from $21.00) on shares of SolarEdge Technologies in a report on Wednesday, August 9th. Canaccord Genuity reiterated a “buy” rating and issued a $30.00 price target (up previously from $25.00) on shares of SolarEdge Technologies in a report on Wednesday, August 9th. Cowen and Company reiterated a “buy” rating and issued a $31.00 price target (up previously from $24.00) on shares of SolarEdge Technologies in a report on Thursday, August 3rd. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $30.00 price target (up previously from $25.00) on shares of SolarEdge Technologies in a report on Thursday, August 3rd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $26.27.

SolarEdge Technologies Company Profile

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

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