SolarEdge Applied sciences, Inc. (NASDAQ:SEDG – Get Ranking)’s inventory worth dropped 4.1% throughout buying and selling on Friday . The inventory traded as little as $279.56 and final traded at $279.56. Roughly 9,076 shares traded fingers throughout mid-day buying and selling, a decline of 99% from the common each day quantity of 732,535 shares. The inventory had beforehand closed at $291.53.
SEDG has been the topic of a number of analysis analyst stories. Wells Fargo & Firm upped their worth goal on shares of SolarEdge Applied sciences from $361.00 to $399.00 in a analysis notice on Friday, April 1st. Cowen upped their worth goal on shares of SolarEdge Applied sciences from $344.00 to $370.00 in a analysis notice on Wednesday, March thirtieth. StockNews.com started protection on shares of SolarEdge Applied sciences in a analysis notice on Thursday, March thirty first. They set a “promote” ranking for the corporate. JPMorgan Chase & Co. elevated their goal worth on shares of SolarEdge Applied sciences from $328.00 to $375.00 in a analysis notice on Wednesday, March thirtieth. Lastly, Truist Monetary started protection on shares of SolarEdge Applied sciences in a analysis notice on Monday, Could 2nd. They set a “purchase” ranking and a $340.00 goal worth for the corporate. Two funding analysts have rated the inventory with a promote ranking, six have assigned a maintain ranking and nineteen have assigned a purchase ranking to the corporate. Primarily based on knowledge from MarketBeat, the inventory at present has a mean ranking of “Average Purchase” and a consensus worth goal of $350.81.
The corporate has a market cap of $15.86 billion, a price-to-earnings ratio of 91.78, a price-to-earnings-growth ratio of two.14 and a beta of 1.10. The inventory’s fifty day easy shifting common is $265.26 and its two-hundred day easy shifting common is $275.88. The corporate has a debt-to-equity ratio of 0.34, a fast ratio of three.57 and a present ratio of 4.33.
SolarEdge Applied sciences (NASDAQ:SEDG – Get Ranking) final introduced its quarterly earnings outcomes on Monday, Could 2nd. The semiconductor firm reported $0.62 earnings per share for the quarter, lacking analysts’ consensus estimates of $0.80 by ($0.18). The corporate had income of $655.08 million through the quarter, in comparison with analyst estimates of $634.70 million. SolarEdge Applied sciences had a web margin of seven.78% and a return on fairness of 11.59%. Analysts predict that SolarEdge Applied sciences, Inc. will put up 4.76 EPS for the present fiscal yr.
In associated information, CEO Zvi Lando offered 19,399 shares of SolarEdge Applied sciences inventory in a transaction on Tuesday, March twenty ninth. The shares had been offered at a mean worth of $331.08, for a complete transaction of $6,422,620.92. The transaction was disclosed in a doc filed with the SEC, which is accessible by this hyperlink. Additionally, VP Meir Adest offered 10,000 shares of SolarEdge Applied sciences inventory in a transaction on Monday, April 18th. The shares had been offered at a mean worth of $301.59, for a complete transaction of $3,015,900.00. Following the transaction, the vp now owns 199,867 shares within the firm, valued at roughly $60,277,888.53. The disclosure for this sale may be discovered right here. Within the final quarter, insiders offered 34,460 shares of firm inventory value $10,773,261. 1.60% of the inventory is owned by firm insiders.
Institutional traders have lately added to or decreased their stakes within the inventory. Elequin Capital LP bought a brand new stake in SolarEdge Applied sciences through the 1st quarter value $32,000. Chilton Capital Administration LLC bought a brand new stake in SolarEdge Applied sciences through the 4th quarter value $28,000. First Horizon Advisors Inc. elevated its stake in SolarEdge Applied sciences by 274.1% through the 1st quarter. First Horizon Advisors Inc. now owns 101 shares of the semiconductor firm’s inventory value $33,000 after shopping for an extra 74 shares through the interval. Addison Advisors LLC bought a brand new stake in SolarEdge Applied sciences through the 1st quarter value $37,000. Lastly, Sageworth Belief Co of South Dakota bought a brand new stake in SolarEdge Applied sciences through the 4th quarter value $33,000. 75.73% of the inventory is at present owned by hedge funds and different institutional traders.
About SolarEdge Applied sciences (NASDAQ:SEDG)
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 5 segments: Photo voltaic, Power Storage, e-Mobility, Crucial Energy, and Automation Machines. The corporate affords inverters, energy optimizers, communication units, and sensible power 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 facility optimizers and inverters, in addition to displays and manages the photo voltaic PV system.
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