SolarEdge (NASDAQ:SEDG) VP Lior Handelsman sold 59,298 shares of the firm’s stock in a transaction on Monday, May 14th. The stock was sold at an average price of $68.77, for a total value of $4,077,923.46. Following the completion of the transaction, the vice president now owns 94,943 shares in the company, valued at approximately $6,529,230.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Lior Handelsman also recently made the following trade(s):
- On Friday, May 11th, Lior Handelsman sold 32,548 shares of SolarEdge stock. The stock was sold at an average price of $63.54, for a total value of $2,068,099.92.
SolarEdge stock opened at $66.45 on Friday. SolarEdge has a 12-month low of $17.55 and a 12-month high of $70.74. The stock has a market capitalization of $3.00 billion, a price-to-earnings ratio of 29.53, a price-to-earnings-growth ratio of 1.00 and a beta of -0.54.
SolarEdge (NASDAQ:SEDG) last released its earnings results on Wednesday, February 14th. The semiconductor company reported $0.80 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.29. SolarEdge had a return on equity of 32.27% and a net margin of 15.06%. The firm had revenue of $189.34 million for the quarter, compared to analysts’ expectations of $179.78 million. equities research analysts forecast that SolarEdge will post 2.78 EPS for the current year.
A number of institutional investors have recently added to or reduced their stakes in SEDG. Wells Fargo & Company MN grew its position in SolarEdge by 19.5% in the third 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. Bank of Montreal Can acquired a new stake in shares of SolarEdge during the fourth quarter valued at about $765,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of SolarEdge during the fourth quarter valued at about $4,134,000. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of SolarEdge by 300.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 6,000 shares of the semiconductor company’s stock valued at $225,000 after purchasing an additional 4,500 shares in the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of SolarEdge during the fourth quarter valued at about $353,000. Hedge funds and other institutional investors own 67.17% of the company’s stock.
A number of research analysts recently commented on the company. Canaccord Genuity set a $66.00 price target on SolarEdge and gave the stock a “buy” rating in a research report on Saturday, May 12th. B. Riley set a $60.00 price target on SolarEdge and gave the stock a “buy” rating in a research report on Tuesday, May 8th. Deutsche Bank set a $57.00 price target on SolarEdge and gave the stock a “hold” rating in a research report on Tuesday, March 27th. Needham & Company LLC raised their price target on SolarEdge to $67.00 and gave the stock a “buy” rating in a research report on Thursday, May 10th. Finally, Roth Capital set a $70.00 price target on SolarEdge and gave the stock a “buy” rating in a research report on Thursday, May 10th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the stock. SolarEdge currently has an average rating of “Buy” and an average target price of $56.00.
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.
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