First Pacific Financial Raises Holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

First Pacific Financial grew its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 49.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,581 shares of the semiconductor company’s stock after purchasing an additional 856 shares during the quarter. First Pacific Financial’s holdings in SolarEdge Technologies were worth $242,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Compagnie Lombard Odier SCmA grew its holdings in shares of SolarEdge Technologies by 250.0% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 700 shares of the semiconductor company’s stock worth $66,000 after purchasing an additional 500 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of SolarEdge Technologies by 53.8% during the fourth quarter. SG Americas Securities LLC now owns 22,221 shares of the semiconductor company’s stock worth $2,080,000 after purchasing an additional 7,775 shares during the last quarter. CX Institutional acquired a new stake in shares of SolarEdge Technologies during the fourth quarter worth about $316,000. Cascade Investment Advisors Inc. boosted its stake in shares of SolarEdge Technologies by 59.1% during the fourth quarter. Cascade Investment Advisors Inc. now owns 10,373 shares of the semiconductor company’s stock worth $971,000 after buying an additional 3,855 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of SolarEdge Technologies during the fourth quarter worth about $3,071,000. Hedge funds and other institutional investors own 95.10% of the company’s stock.

Insiders Place Their Bets

In other news, Director More Avery acquired 7,000 shares of the business’s stock in a transaction on Thursday, February 29th. The shares were purchased at an average price of $67.75 per share, for a total transaction of $474,250.00. Following the acquisition, the director now directly owns 77,446 shares of the company’s stock, valued at approximately $5,246,966.50. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.17% of the stock is currently owned by company insiders.

SolarEdge Technologies Stock Performance

NASDAQ:SEDG opened at $69.69 on Thursday. The company has a current ratio of 3.70, a quick ratio of 2.08 and a debt-to-equity ratio of 0.28. The firm has a market capitalization of $3.98 billion, a price-to-earnings ratio of 154.87 and a beta of 1.50. The firm’s fifty day simple moving average is $70.92 and its 200 day simple moving average is $87.80. SolarEdge Technologies, Inc. has a twelve month low of $60.44 and a twelve month high of $322.19.

SolarEdge Technologies (NASDAQ:SEDG) last posted its earnings results on Tuesday, February 20th. The semiconductor company reported ($1.41) earnings per share for the quarter, beating the consensus estimate of ($2.01) by $0.60. The business had revenue of $316.04 million for the quarter, compared to analyst estimates of $319.97 million. SolarEdge Technologies had a net margin of 1.15% and a return on equity of 5.00%. As a group, equities research analysts expect that SolarEdge Technologies, Inc. will post -3.94 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on SEDG shares. Wells Fargo & Company decreased their target price on shares of SolarEdge Technologies from $91.00 to $81.00 and set an “equal weight” rating for the company in a research note on Thursday, February 22nd. Mizuho decreased their target price on shares of SolarEdge Technologies from $119.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Susquehanna decreased their target price on shares of SolarEdge Technologies from $107.00 to $97.00 and set a “positive” rating for the company in a research note on Wednesday, February 21st. The Goldman Sachs Group decreased their target price on shares of SolarEdge Technologies from $83.00 to $71.00 and set a “sell” rating for the company in a research note on Wednesday, January 24th. Finally, Barclays restated an “underweight” rating and issued a $50.00 price objective (down previously from $74.00) on shares of SolarEdge Technologies in a research report on Wednesday, January 17th. Four analysts have rated the stock with a sell rating, twenty have issued a hold rating and six have given a buy rating to the company. According to MarketBeat.com, SolarEdge Technologies currently has a consensus rating of “Hold” and an average price target of $109.69.

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.