Bank of New York Mellon Corp Grows Holdings in SolarEdge Technologies, Inc. (SEDG)

Bank of New York Mellon Corp raised its position in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 16.6% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 1,781,003 shares of the semiconductor company’s stock after acquiring an additional 254,056 shares during the period. Bank of New York Mellon Corp owned about 4.23% of SolarEdge Technologies worth $50,849,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. California Public Employees Retirement System lifted its stake in SolarEdge Technologies by 5.3% in the 1st quarter. California Public Employees Retirement System now owns 17,800 shares of the semiconductor company’s stock valued at $278,000 after acquiring an additional 900 shares in the last quarter. Northern Trust Corp lifted its stake in SolarEdge Technologies by 3.3% in the 2nd quarter. Northern Trust Corp now owns 102,236 shares of the semiconductor company’s stock valued at $2,046,000 after acquiring an additional 3,297 shares in the last quarter. Schroder Investment Management Group lifted its stake in SolarEdge Technologies by 2.4% in the 2nd quarter. Schroder Investment Management Group now owns 138,517 shares of the semiconductor company’s stock valued at $2,791,000 after acquiring an additional 3,310 shares in the last quarter. CAPROCK Group Inc. lifted its stake in SolarEdge Technologies by 30.4% in the 3rd quarter. CAPROCK Group Inc. now owns 16,360 shares of the semiconductor company’s stock valued at $467,000 after acquiring an additional 3,815 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in SolarEdge Technologies by 380.4% in the 2nd quarter. Sei Investments Co. now owns 6,005 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 4,755 shares in the last quarter. Hedge funds and other institutional investors own 67.88% of the company’s stock.

Shares of SolarEdge Technologies, Inc. (NASDAQ SEDG) opened at $34.80 on Monday. SolarEdge Technologies, Inc. has a 12 month low of $12.00 and a 12 month high of $39.90. The stock has a market capitalization of $1,496.85, a P/E ratio of 21.09, a PEG ratio of 0.76 and a beta of 0.17.

SEDG has been the topic of several research reports. Zacks Investment Research cut SolarEdge Technologies from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 4th. B. Riley upgraded SolarEdge Technologies from a “neutral” rating to a “buy” rating and boosted their target price for the company from $18.00 to $45.00 in a research note on Thursday, November 9th. Roth Capital set a $30.00 price objective on SolarEdge Technologies and gave the stock a “buy” rating in a research note on Sunday, October 15th. BidaskClub upgraded SolarEdge Technologies from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 8th. Finally, J P Morgan Chase & Co upped their price objective on SolarEdge Technologies to $43.00 and gave the stock an “overweight” rating in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $34.19.

In related news, VP Zvi Lando sold 6,240 shares of the business’s stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $33.50, for a total transaction of $209,040.00. Following the transaction, the vice president now directly owns 34,573 shares of the company’s stock, valued at approximately $1,158,195.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Yoav Galin sold 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $26.35, for a total value of $395,250.00. Following the transaction, the vice president now directly owns 65,000 shares in the company, valued at $1,712,750. The disclosure for this sale can be found here. In the last quarter, insiders have sold 112,940 shares of company stock worth $3,511,159. Company insiders own 16.40% of the company’s stock.

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SolarEdge Technologies Profile

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

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

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