Solaredge Technologies (NASDAQ:SEDG) had its price objective lifted by JPMorgan Chase & Co. from $43.00 to $52.00 in a research note issued to investors on Thursday, Marketbeat reports. They currently have an overweight rating on the semiconductor company’s stock.
A number of other equities research analysts also recently weighed in on the stock. Vertical Group upgraded shares of Solaredge Technologies from a hold rating to a buy rating in a research note on Thursday. B. Riley set a $48.00 price target on shares of Solaredge Technologies and gave the stock a buy rating in a research note on Thursday. BidaskClub downgraded shares of Solaredge Technologies from a buy rating to a hold rating in a research note on Friday, February 9th. ValuEngine upgraded shares of Solaredge Technologies from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research downgraded shares of Solaredge Technologies from a strong-buy rating to a hold rating in a research note on Wednesday, January 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, fourteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $42.04.
Solaredge Technologies (NASDAQ:SEDG) opened at $46.00 on Thursday. Solaredge Technologies has a 52-week low of $13.50 and a 52-week high of $47.15. The stock has a market cap of $1,978.60, a price-to-earnings ratio of 20.63, a P/E/G ratio of 0.98 and a beta of 0.03.
In other news, VP Meir Adest sold 4,700 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $35.02, for a total value of $164,594.00. Following the sale, the vice president now owns 20,633 shares in the company, valued at approximately $722,567.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Lior Handelsman sold 5,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The shares were sold at an average price of $36.25, for a total transaction of $181,250.00. Following the completion of the sale, the vice president now owns 177,950 shares in the company, valued at approximately $6,450,687.50. The disclosure for this sale can be found here. Insiders sold a total of 416,914 shares of company stock worth $17,159,064 in the last 90 days. 16.40% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Wells Fargo & Company MN boosted its stake in shares of Solaredge Technologies by 19.5% in the 3rd quarter. Wells Fargo & Company MN now owns 10,291 shares of the semiconductor company’s stock valued at $294,000 after purchasing an additional 1,680 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of Solaredge Technologies in the 4th quarter valued at $102,000. First Trust Advisors LP boosted its stake in shares of Solaredge Technologies by 3.5% in the 4th quarter. First Trust Advisors LP now owns 82,852 shares of the semiconductor company’s stock valued at $3,111,000 after purchasing an additional 2,772 shares in the last quarter. Meadow Creek Investment Management LLC acquired a new stake in shares of Solaredge Technologies in the 4th quarter valued at $109,000. Finally, Northern Trust Corp boosted its stake in shares of Solaredge Technologies by 3.3% in the 2nd quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock valued at $2,046,000 after purchasing an additional 3,297 shares in the last quarter. Institutional investors own 66.34% of the company’s stock.
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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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