ValuEngine shares shares of Solaredge Technologies (NASDAQ: SEDG) from a buy rating to a hold rating in a report issued on Friday 3 August.
Several other analysts have also recently commented on the company. Roth Capital set a target price of $ 60.00 to Solaredge Technologies and gave the company a buy rating in a report on Friday, August 3. Cowen confirmed a buy rating and set a price target of $ 57.00 on Solaredge Technologies' shares in a report on Friday, August 3. B. Riley set a price target of $ 64.00 to Solaredge Technologies and gave the shares a buy-rating in a report on Friday, August 3. Zacks Investment Research lowered Solaredge Technologies from a strong buy-rating to a hold-rating in a report on Wednesday 11 July. Finally, BidaskClub Solaredge Technologies lowered a buy rating to a hold rating in a research report on Thursday 7 June. Two analysts have rated the shares with a sell rating, five have given a hold rating and nine have assigned a buy-rating to the shares. The stock has a consensus rating from Hold and a consensus target price of $ 58.36.
NASDAQ: SEDG traded $ 1.35 during mid-day trading on Friday and reached $ 47.00. 745,100 shares of the shares were exchanged, compared with the average volume of 996,018. Solaredge Technologies has a 1-year low of $ 24.70 and a 1-year high of $ 70.74. The company has a market capitalization of $ 2.10 billion, a PE ratio of 20.56, a P / E / G ratio of 0.75 and a beta of -0.43.
Solaredge Technologies (NASDAQ: SEDG) published its quarterly results for the last time on Thursday, August 2. The semiconductor company reported earnings per share of $ 0.82 this quarter, surpassing $ 0.73 analysts' consensus estimates by $ 0.09. The company had sales of $ 227.10 million during the quarter compared with analysts' expectations of $ 225.31 million. Solaredge Technologies had a return on equity of 32.26% and a net margin of 14.85%. The company's sales for the quarter increased by 66.9% year-on-year. In the same period last year, the company earned $ 0.55 EPS. stock research analysts predict that Solaredge Technologies will publish 2.82 EPS for the current fiscal year.
In related news, VP Meir Adest sold 24,000 Solaredge Technologies shares in a transaction on Monday, July 2. The stock was sold at an average price of $ 49.80, for a total value of $ 1,195,200.00. After the transaction, the vice-president now holds 364,456 shares in the company, valued at $ 18,149,908.80. The sale has been disclosed in a legal application to the Securities & Exchange Commission, which is available via this hyperlink. Insiders sold 81,938 shares of company shares worth $ 4,395,977 in the last quarter. 9.70% of the stock is owned by insiders.
Various institutional investors and hedge funds have recently adjusted their company paper. Municipal employees The Michigan pension system reduced its shareholding in Soldurge Technologies shares by 8.5% during the first quarter. Municipal employees The Michigan pension system now holds 14,430 shares of the semiconductor company, valued at $ 759,000 after the purchase of additional 1,130 shares in the last quarter. Xact Kapitalforvaltning AB increased its shareholding in Solaredge Technologies by 31.1% in the second quarter. Xact Kapitalforvaltning AB now owns 5,058 shares of the company of the semiconductor company valued at $ 242,000 after acquiring 1,200 additional shares in the last quarter. United Services Automobile Association reduced its shareholding in Solaredge Technologies by 20.2% in the second quarter. United Services Automobile Association now owns 8,378 shares of the semiconductor company's business worth $ 401,000 after acquiring 1,408 additional shares in the last quarter. GSA Capital Partners LLP reduced its shareholding in Solaredge Technologies by 3.0% in the first quarter. GSA Capital Partners LLP now holds 50,061 shares of the semiconductor company valued at $ 2,633,000 after acquiring 1,461 additional shares in the last quarter. Finally, Globeflex Capital L P reduced its shareholding in Solaredge Technologies by 11.5% in the second quarter. Globeflex Capital L P now owns 14,528 shares of the semiconductor company's business valued at $ 695,000 after acquiring 1,500 additional shares in the last quarter. Institutional investors hold 71.25% of the company's shares.
Solaringge Technologies Company profile
SolarEdge Technologies, Inc., designs, develops and sells DC (DC) optimized inverter systems for photovoltaic solar installations (PV) in Israel, the United States, the Netherlands, Europe and internationally. The DC-optimized inverter systems of the company include power optimizers and inverters, as well as a cloud-based monitoring platform.
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To view the full ValuEngine report, visit the official website of ValuEngine.
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