Grantham Mayo Van Otterloo & Co. LLC Purchases 641,915 Shares of SolarEdge Technologies, Inc. (NASDAQ:SEDG)

Grantham Mayo Van Otterloo & Co. LLC grew its holdings in SolarEdge Technologies, Inc. (NASDAQ:SEDG) by 14.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,953,698 shares of the semiconductor company’s stock after purchasing an additional 641,915 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC owned approximately 0.09% of SolarEdge Technologies worth $67,370,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. Millstone Evans Group LLC bought a new stake in SolarEdge Technologies in the fourth quarter valued at about $27,000. Jones Financial Companies Lllp boosted its holdings in SolarEdge Technologies by 401.2% during the fourth quarter. Jones Financial Companies Lllp now owns 2,441 shares of the semiconductor company’s stock worth $33,000 after buying an additional 1,954 shares during the last quarter. Y.D. More Investments Ltd grew its position in shares of SolarEdge Technologies by 251.8% during the 4th quarter. Y.D. More Investments Ltd now owns 3,870 shares of the semiconductor company’s stock worth $53,000 after buying an additional 2,770 shares during the period. R Squared Ltd bought a new stake in shares of SolarEdge Technologies in the 4th quarter valued at about $61,000. Finally, GAMMA Investing LLC increased its stake in shares of SolarEdge Technologies by 655.2% in the 4th quarter. GAMMA Investing LLC now owns 5,264 shares of the semiconductor company’s stock valued at $72,000 after acquiring an additional 4,567 shares during the last quarter. Institutional investors and hedge funds own 95.10% of the company’s stock.

Analyst Ratings Changes

SEDG has been the subject of a number of analyst reports. Wells Fargo & Company decreased their price objective on shares of SolarEdge Technologies from $20.00 to $19.00 and set an “equal weight” rating for the company in a report on Thursday, March 27th. Jefferies Financial Group upped their price objective on shares of SolarEdge Technologies from $9.00 to $12.00 and gave the company an “underperform” rating in a research report on Friday, February 21st. BMO Capital Markets downgraded SolarEdge Technologies from a “market perform” rating to an “underperform” rating and raised their price objective for the stock from $13.00 to $15.00 in a research note on Thursday, February 20th. Canaccord Genuity Group boosted their target price on SolarEdge Technologies from $18.00 to $19.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. Finally, Glj Research raised SolarEdge Technologies from a “strong sell” rating to a “strong-buy” rating in a research report on Tuesday, December 17th. Ten equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, SolarEdge Technologies currently has an average rating of “Hold” and an average target price of $21.80.

Insider Buying and Selling

In other news, Chairman More Avery acquired 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of $13.70 per share, with a total value of $411,000.00. Following the completion of the purchase, the chairman now directly owns 274,478 shares of the company’s stock, valued at $3,760,348.60. The trade was a 12.27 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.67% of the stock is owned by company insiders.

SolarEdge Technologies Price Performance

Shares of NASDAQ SEDG opened at $14.71 on Friday. The business has a fifty day moving average price of $15.86 and a two-hundred day moving average price of $15.87. The stock has a market capitalization of $864.70 million, a PE ratio of -0.47 and a beta of 1.63. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.95 and a quick ratio of 1.46. SolarEdge Technologies, Inc. has a fifty-two week low of $10.24 and a fifty-two week high of $72.12.

SolarEdge Technologies Profile

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.