Williamson Legacy Group LLC Has $1.23 Million Position in SolarEdge Technologies, Inc. $SEDG

by · The Cerbat Gem

Williamson Legacy Group LLC reduced its stake in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG – Free Report) by 15.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 42,701 shares of the semiconductor company’s stock after selling 7,744 shares during the quarter. Williamson Legacy Group LLC owned about 0.07% of SolarEdge Technologies worth $1,232,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its position in shares of SolarEdge Technologies by 8.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 997,962 shares of the semiconductor company’s stock valued at $16,147,000 after purchasing an additional 79,461 shares during the period. First Trust Advisors LP grew its position in shares of SolarEdge Technologies by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 560,585 shares of the semiconductor company’s stock valued at $11,436,000 after purchasing an additional 15,333 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of SolarEdge Technologies by 4.6% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 16,023 shares of the semiconductor company’s stock valued at $327,000 after purchasing an additional 700 shares during the period. Bayesian Capital Management LP acquired a new position in shares of SolarEdge Technologies in the 2nd quarter valued at approximately $206,000. Finally, Canada Pension Plan Investment Board acquired a new position in shares of SolarEdge Technologies in the 2nd quarter valued at approximately $35,000. 95.10% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other SolarEdge Technologies news, Chairman More Avery sold 2,566 shares of the company’s stock in a transaction that occurred on Thursday, May 7th. The stock was sold at an average price of $38.76, for a total transaction of $99,458.16. Following the completion of the transaction, the chairman owned 295,379 shares of the company’s stock, valued at $11,448,890.04. This represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 0.71% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

SEDG has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on SolarEdge Technologies from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Thursday, February 19th. Jefferies Financial Group upgraded SolarEdge Technologies from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $30.00 to $49.00 in a research report on Friday, March 20th. Weiss Ratings lowered SolarEdge Technologies from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a “sell” rating and issued a $31.00 price objective (down from $36.00) on shares of SolarEdge Technologies in a research report on Wednesday, April 15th. Finally, Bank of America upgraded SolarEdge Technologies from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $17.00 to $40.00 in a research report on Tuesday, March 10th. One research analyst has rated the stock with a Buy rating, fifteen have assigned a Hold rating and seven have issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $31.15.

Check Out Our Latest Analysis on SolarEdge Technologies

SolarEdge Technologies Trading Up 14.2%

NASDAQ:SEDG opened at $70.75 on Wednesday. SolarEdge Technologies, Inc. has a twelve month low of $13.73 and a twelve month high of $75.73. The company has a quick ratio of 1.36, a current ratio of 2.02 and a debt-to-equity ratio of 0.85. The business has a 50 day moving average price of $47.13 and a two-hundred day moving average price of $38.77. The company has a market cap of $4.30 billion, a P/E ratio of -11.54 and a beta of 1.18.

SolarEdge Technologies (NASDAQ:SEDG – Get Free Report) last released its quarterly earnings results on Wednesday, May 6th. The semiconductor company reported ($0.43) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.20). SolarEdge Technologies had a negative return on equity of 38.66% and a negative net margin of 28.56%.The firm had revenue of $309.90 million for the quarter, compared to analyst estimates of $305.49 million. During the same period last year, the company earned ($1.14) EPS. The company’s revenue was up 41.5% compared to the same quarter last year. As a group, analysts expect that SolarEdge Technologies, Inc. will post -1.12 EPS for the current fiscal year.

SolarEdge Technologies Company Profile

(Free Report)

SolarEdge Technologies (NASDAQ: SEDG) is a global provider of solar energy solutions focused on optimizing photovoltaic (PV) power generation. The company’s core offerings include power optimizers, inverters and cloud-based monitoring platforms designed to maximize energy output and improve safety across residential, commercial and utility-scale installations. By coupling module-level electronics with centralized inverters, SolarEdge’s technology enables real-time performance monitoring and rapid fault detection to enhance system reliability.

In recent years, SolarEdge has expanded its product portfolio beyond solar PV to include energy storage systems, electric vehicle (EV) charging solutions and smart energy management tools.

Featured Articles

Want to see what other hedge funds are holding SEDG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SolarEdge Technologies, Inc. (NASDAQ:SEDG – Free Report).