SolarEdge Technologies (NASDAQ:SEDG) Price Target Raised to $20.00 at Roth Mkm

SolarEdge Technologies (NASDAQ:SEDG) had its price target upped by Roth Mkm from $17.00 to $20.00 in a research report report published on Friday,Benzinga reports. Roth Mkm currently has a neutral rating on the semiconductor company’s stock.

Other analysts have also recently issued research reports about the stock. Glj Research upgraded shares of SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, December 17th. Northland Securities lowered shares of SolarEdge Technologies from a “market perform” rating to an “under perform” rating and set a $15.00 target price on the stock. in a research note on Thursday. UBS Group boosted their price target on shares of SolarEdge Technologies from $18.00 to $22.00 and gave the company a “neutral” rating in a research report on Thursday. Northland Capmk lowered shares of SolarEdge Technologies from a “hold” rating to a “strong sell” rating in a report on Thursday. Finally, Bank of America downgraded SolarEdge Technologies from a “neutral” rating to an “underperform” rating and reduced their target price for the stock from $21.00 to $14.00 in a report on Thursday, November 7th. Ten equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies has a consensus rating of “Hold” and an average price target of $21.65.

SolarEdge Technologies Trading Down 3.1 %

NASDAQ SEDG opened at $17.62 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of -0.56 and a beta of 1.56. SolarEdge Technologies has a fifty-two week low of $10.24 and a fifty-two week high of $78.40. The stock has a 50 day simple moving average of $14.59 and a two-hundred day simple moving average of $17.24. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.46 and a current ratio of 1.95.

Institutional Investors Weigh In On SolarEdge Technologies

Large investors have recently bought and sold shares of the business. Millstone Evans Group LLC purchased a new stake in shares of SolarEdge Technologies during the 4th quarter valued at about $27,000. Jones Financial Companies Lllp boosted its holdings in SolarEdge Technologies by 401.2% in the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after purchasing an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd grew its position in SolarEdge Technologies by 251.8% in the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock worth $53,000 after purchasing an additional 2,770 shares during the period. R Squared Ltd bought a new stake in SolarEdge Technologies in the 4th quarter worth approximately $61,000. Finally, KBC Group NV raised its stake in SolarEdge Technologies by 95.8% during the 3rd quarter. KBC Group NV now owns 2,816 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 1,378 shares during the last quarter. 95.10% of the stock is currently owned by institutional investors.

About SolarEdge Technologies

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.