SolarEdge Applied sciences, Inc. (NASDAQ:SEDG) Receives Consensus Advice of “Reasonable Purchase” from Analysts

Shares of SolarEdge Applied sciences, Inc. (NASDAQ:SEDG – Get Ranking) have earned a consensus suggestion of “Maintain” from the twenty-eight brokerages which can be at present masking the inventory, Marketbeat studies. Two analysts have rated the inventory with a promote suggestion, seven have issued a maintain suggestion and twelve have given a purchase suggestion to the corporate. The common twelve-month worth goal amongst analysts which have issued scores on the inventory within the final 12 months is $358.24.

SEDG has been the subject of plenty of latest analyst studies. Guggenheim upped their goal worth on SolarEdge Applied sciences from $348.00 to $389.00 in a analysis report on Wednesday, August third. JPMorgan Chase & Co. lifted their worth goal on shares of SolarEdge Applied sciences from $373.00 to $419.00 and gave the corporate an “obese” ranking in a analysis report on Monday, August eighth. TheStreet upgraded shares of SolarEdge Applied sciences from a “c” ranking to a “b-” ranking in a analysis report on Tuesday, August 2nd. Citigroup boosted their worth goal on shares of SolarEdge Applied sciences from $255.00 to $300.00 and gave the inventory a “maintain” ranking in a analysis report on Tuesday, Could third. Lastly, Morgan Stanley lowered their worth goal on shares of SolarEdge Applied sciences from $333.00 to $316.00 and set an “equal weight” ranking on the inventory in a analysis be aware on Monday, June thirteenth.

SolarEdge Applied sciences Inventory Efficiency

NASDAQ SEDG opened at $311.27 on Wednesday. The agency has a market capitalization of $17.24 billion, a P/E ratio of 121.59, a P/E/G ratio of two.72 and a beta of 1.15. SolarEdge Applied sciences has a 1-year low of $200.86 and a 1-year excessive of $389.71. The corporate has a debt-to-equity ratio of 0.33, a present ratio of three.73 and a fast ratio of two.96. The enterprise’s 50-day easy shifting common is $293.18 and its 200-day easy shifting common is $284.89.

Insider Shopping for and Promoting

In different SolarEdge Applied sciences information, insider Meir Adest bought 5,000 shares of the agency’s inventory in a transaction on Monday, June thirteenth. The inventory was bought at a median worth of $263.61, for a complete transaction of $1,318,050.00. Following the transaction, the insider now immediately owns 186.057 shares within the firm, valued at roughly $49,046,485.77. The sale was disclosed in a doc filed with the SEC, which is out there by way of this hyperlink. In associated information, VP Rachel Prishkolnik bought 1,900 shares of the agency’s inventory in a transaction that occurred on Monday, June twenty seventh. The shares have been bought at a median worth of $301.58, for a complete worth of $573,002.00. Following the sale, the vice chairman now immediately owns 12,581 shares of the corporate’s inventory, valued at $3,794,177.98. The sale was disclosed in a authorized submitting with the Securities & Trade Fee, which is out there on the SEC web site. Additionally, insider Meir Adest bought 5,000 shares of the agency’s inventory in a transaction on Monday, June thirteenth. The shares have been bought at a median worth of $263.61, for a complete transaction of $1,318,050.00. Following the sale, the insider now owns 186.057 shares within the firm, valued at roughly $49,046,485.77. The disclosure for this sale could be discovered right here. Insiders have bought a complete of 18,335 shares of firm inventory value $5,423,569 within the final ninety days. Company insiders personal 1.17% of the corporate’s inventory.

Institutional Traders Weigh In On SolarEdge Applied sciences

A lot of giant buyers have just lately added to or diminished their stakes in SEDG. TT Worldwide Asset Administration LTD boosted its stake in shares of SolarEdge Applied sciences by 97.6% in the course of the 2nd quarter. TT Worldwide Asset Administration LTD now owns 6,089 shares of the semiconductor firm’s inventory valued at $1,666,000 after buying a further 3,008 shares within the final quarter. Captrust Monetary Advisors raised its holdings in SolarEdge Applied sciences by 9.5% within the second quarter. Captrust Monetary Advisors now owns 1,303 shares of the semiconductor firm’s inventory value $357,000 after shopping for a further 113 shares over the last quarter. Utah Retirement Techniques raised its holdings in SolarEdge Applied sciences by 6.2% within the second quarter. Utah Retirement Techniques now owns 6,900 shares of the semiconductor firm’s inventory value $1,888,000 after shopping for a further 400 shares over the last quarter. Zurich Insurance coverage Group Ltd FI boosted its stake in shares of SolarEdge Applied sciences by 2.7% within the 2nd quarter. Zurich Insurance coverage Group Ltd FI now owns 173,897 shares of the semiconductor firm’s inventory value $47,592,000 after shopping for a further 4,502 shares over the last quarter. Lastly, Thrivent Monetary for Lutherans lifted its place in SolarEdge Applied sciences by 5.8% in the course of the second quarter. Thrivent Monetary for Lutherans now owns 2,350 shares of the semiconductor firm’s inventory valued at $643,000 after buying a further 129 shares within the final quarter. Institutional buyers personal 75.73% of the corporate’s inventory.

SolarEdge Applied sciences Firm Profile

(Get Ranking)

SolarEdge Applied sciences, Inc, along with its subsidiaries, designs, develops, and sells direct present (DC) optimized inverter methods for photo voltaic photovoltaic (PV) installations worldwide. It operates by way of 5 segments: Photo voltaic, Power Storage, e-Mobility, Important Energy, and Automation Machines. The corporate affords inverters, energy optimizers, communication gadgets, and good vitality administration options utilized in residential, industrial, and small utility-scale photo voltaic installations; and a cloud-based monitoring platform that collects and processes info from the ability optimizers and inverters, in addition to displays and manages the photo voltaic PV system.

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