Delpha Capital Management LLC Acquires 3,250 Shares of Solaredge Technologies Inc (SEDG)

Delpha Capital Management LLC boosted its stake in Solaredge Technologies Inc (NASDAQ:SEDG) by 382.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,100 shares of the semiconductor company’s stock after buying an additional 3,250 shares during the period. Delpha Capital Management LLC’s holdings in Solaredge Technologies were worth $216,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Municipal Employees Retirement System of Michigan grew its stake in Solaredge Technologies by 8.5% in the 1st quarter. Municipal Employees Retirement System of Michigan now owns 14,430 shares of the semiconductor company’s stock valued at $759,000 after buying an additional 1,130 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in 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 during the period. Thrivent Financial for Lutherans boosted its holdings in Solaredge Technologies by 11.8% in the 1st quarter. Thrivent Financial for Lutherans now owns 24,313 shares of the semiconductor company’s stock valued at $1,279,000 after purchasing an additional 2,564 shares during the period. Clal Insurance Enterprises Holdings Ltd bought a new stake in Solaredge Technologies in the 4th quarter valued at about $102,000. Finally, First Trust Advisors LP boosted its holdings in 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 during the period. Institutional investors and hedge funds own 63.67% of the company’s stock.

A number of analysts have issued reports on SEDG shares. Vertical Group raised shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. Roth Capital set a $70.00 price objective on shares of Solaredge Technologies and gave the company a “buy” rating in a report on Saturday, May 26th. Vertical Research raised shares of Solaredge Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 15th. BidaskClub downgraded shares of Solaredge Technologies from a “strong-buy” rating to a “buy” rating in a report on Friday, May 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Solaredge Technologies from $52.00 to $62.00 and gave the company an “overweight” rating in a report on Monday, March 19th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $56.00.



Shares of Solaredge Technologies opened at $51.20 on Friday, MarketBeat reports. Solaredge Technologies Inc has a 1-year low of $19.00 and a 1-year high of $70.74. The company has a market cap of $2.38 billion, a PE ratio of 22.76, a PEG ratio of 0.79 and a beta of -0.53.

Solaredge Technologies (NASDAQ:SEDG) last issued its quarterly earnings results on Wednesday, May 9th. The semiconductor company reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.80 by $0.07. Solaredge Technologies had a net margin of 15.06% and a return on equity of 32.27%. The company had revenue of $209.90 million during the quarter, compared to the consensus estimate of $204.38 million. During the same quarter in the prior year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 82.4% on a year-over-year basis. research analysts forecast that Solaredge Technologies Inc will post 2.78 earnings per share for the current year.

In related news, CEO Guy Sella sold 150,000 shares of the stock in a transaction that occurred on Tuesday, March 27th. The shares were sold at an average price of $55.86, for a total value of $8,379,000.00. Following the completion of the transaction, the chief executive officer now owns 200,000 shares of the company’s stock, valued at approximately $11,172,000. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Rachel Prishkolnik sold 6,400 shares of the stock in a transaction that occurred on Wednesday, March 28th. The shares were sold at an average price of $52.09, for a total transaction of $333,376.00. Following the completion of the transaction, the vice president now directly owns 12,500 shares of the company’s stock, valued at approximately $651,125. The disclosure for this sale can be found here. In the last three months, insiders sold 556,674 shares of company stock valued at $32,029,479. 9.70% of the stock is owned by insiders.

About Solaredge Technologies

SolarEdge Technologies, Inc, together with its subsidiaries, designs, develops, and sells direct current (DC) optimized inverter systems for solar photovoltaic (PV) installations in Israel, the United States, the Netherlands, Europe, and internationally. The company's DC optimized inverter systems include power optimizers and inverters, as well as a cloud-based monitoring platform.

Institutional Ownership by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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