SolarEdge (NASDAQ:SEDG) VP Sells $3,960,720.00 in Stock

SolarEdge (NASDAQ:SEDG) VP Zvi Lando sold 72,000 shares of the business’s stock in a transaction dated Thursday, April 5th. The stock was sold at an average price of $55.01, for a total value of $3,960,720.00. Following the completion of the transaction, the vice president now directly owns 8,333 shares of the company’s stock, valued at approximately $458,398.33. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

SEDG stock traded down $1.05 during midday trading on Monday, hitting $53.10. The company’s stock had a trading volume of 1,164,136 shares, compared to its average volume of 794,717. SolarEdge has a 12 month low of $15.25 and a 12 month high of $59.20. The company has a market capitalization of $2,429.32, a price-to-earnings ratio of 23.60, a PEG ratio of 0.91 and a beta of -0.55.

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SolarEdge (NASDAQ:SEDG) last posted its quarterly earnings results on Wednesday, February 14th. The semiconductor company reported $0.80 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.29. The business had revenue of $189.34 million during the quarter, compared to the consensus estimate of $179.78 million. SolarEdge had a return on equity of 29.21% and a net margin of 13.87%. equities analysts predict that SolarEdge will post 2.48 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN boosted its position in shares of SolarEdge by 19.5% during the 3rd quarter. Wells Fargo & Company MN now owns 10,291 shares of the semiconductor company’s stock valued at $294,000 after acquiring an additional 1,680 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new stake in SolarEdge during the 4th quarter valued at $102,000. First Trust Advisors LP raised its holdings in SolarEdge by 3.5% during the 4th quarter. First Trust Advisors LP now owns 82,852 shares of the semiconductor company’s stock valued at $3,111,000 after buying an additional 2,772 shares during the period. Meadow Creek Investment Management LLC purchased a new stake in SolarEdge during the 4th quarter valued at $109,000. Finally, Swiss National Bank raised its holdings in SolarEdge by 7.4% during the 4th quarter. Swiss National Bank now owns 48,000 shares of the semiconductor company’s stock valued at $1,802,000 after buying an additional 3,300 shares during the period. Hedge funds and other institutional investors own 65.72% of the company’s stock.

A number of equities analysts have weighed in on the company. Deutsche Bank set a $57.00 target price on SolarEdge and gave the stock a “hold” rating in a research report on Tuesday, March 27th. Zacks Investment Research lowered shares of SolarEdge from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub lowered shares of SolarEdge from a “buy” rating to a “hold” rating in a research report on Friday, February 9th. Vertical Research raised shares of SolarEdge from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, Cowen set a $53.00 price target on shares of SolarEdge and gave the company a “buy” rating in a research report on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. SolarEdge presently has an average rating of “Buy” and an average target price of $48.62.

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About SolarEdge

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.

Insider Buying and Selling by Quarter for SolarEdge (NASDAQ:SEDG)

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