Impax Asset Management Group plc Has $5.99 Million Holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Impax Asset Management Group plc lowered its position in shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 52.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 440,255 shares of the semiconductor company’s stock after selling 481,707 shares during the quarter. Impax Asset Management Group plc owned 0.76% of SolarEdge Technologies worth $5,987,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in SEDG. International Assets Investment Management LLC raised its holdings in shares of SolarEdge Technologies by 2,191.0% during the third quarter. International Assets Investment Management LLC now owns 25,407 shares of the semiconductor company’s stock valued at $582,000 after acquiring an additional 24,298 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of SolarEdge Technologies by 56.6% during the 3rd quarter. Assenagon Asset Management S.A. now owns 309,623 shares of the semiconductor company’s stock valued at $7,093,000 after acquiring an additional 111,944 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of SolarEdge Technologies by 9.1% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,000 shares of the semiconductor company’s stock worth $694,000 after acquiring an additional 2,500 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of SolarEdge Technologies during the third quarter worth $1,495,000. Finally, Meitav Investment House Ltd. boosted its position in SolarEdge Technologies by 9.6% during the third quarter. Meitav Investment House Ltd. now owns 582,109 shares of the semiconductor company’s stock valued at $13,340,000 after purchasing an additional 51,065 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

SolarEdge Technologies Stock Up 4.8 %

SEDG stock opened at $18.46 on Tuesday. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46. The company has a 50-day moving average of $14.71 and a two-hundred day moving average of $17.12. SolarEdge Technologies, Inc. has a 52-week low of $10.24 and a 52-week high of $78.40. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of -0.59 and a beta of 1.56.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Morgan Stanley raised SolarEdge Technologies from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $11.00 to $18.00 in a research report on Thursday, February 20th. Royal Bank of Canada increased their price objective on SolarEdge Technologies from $14.00 to $15.00 and gave the stock a “sector perform” rating in a report on Thursday, February 20th. BMO Capital Markets cut shares of SolarEdge Technologies from a “market perform” rating to an “underperform” rating and lifted their target price for the company from $13.00 to $15.00 in a research note on Thursday, February 20th. Glj Research upgraded shares of SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research note on Tuesday, December 17th. Finally, Northland Capmk downgraded shares of SolarEdge Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday, February 20th. Ten analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, SolarEdge Technologies presently has a consensus rating of “Hold” and a consensus target price of $21.65.

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.