SolarEdge (NASDAQ:SEDG) VP Yoav Galin sold 15,000 shares of the stock in a transaction dated Monday, April 23rd. The stock was sold at an average price of $53.41, for a total transaction of $801,150.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Yoav Galin also recently made the following trade(s):

  • On Thursday, February 15th, Yoav Galin sold 35,000 shares of SolarEdge stock. The stock was sold at an average price of $44.33, for a total transaction of $1,551,550.00.
  • On Thursday, February 1st, Yoav Galin sold 15,000 shares of SolarEdge stock. The stock was sold at an average price of $35.46, for a total transaction of $531,900.00.

Shares of SEDG opened at $53.10 on Friday. The company has a market capitalization of $2,348.57, a P/E ratio of 23.60, a P/E/G ratio of 0.88 and a beta of -0.55. SolarEdge has a 1-year low of $15.40 and a 1-year high of $59.20.

SolarEdge (NASDAQ:SEDG) last announced its earnings results on Wednesday, February 14th. The semiconductor company reported $0.80 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.29. The business had revenue of $189.34 million for the quarter, compared to the consensus estimate of $179.78 million. SolarEdge had a net margin of 13.87% and a return on equity of 29.21%. equities analysts anticipate that SolarEdge will post 2.48 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB grew its position in SolarEdge by 15.8% during the fourth quarter. Handelsbanken Fonder AB now owns 241,757 shares of the semiconductor company’s stock valued at $9,078,000 after acquiring an additional 33,060 shares during the last quarter. Meitav Dash Investments Ltd. bought a new position in SolarEdge during the fourth quarter valued at approximately $15,512,000. Flinton Capital Management LLC bought a new position in SolarEdge during the fourth quarter valued at approximately $231,000. Meadow Creek Investment Management LLC bought a new position in SolarEdge during the fourth quarter valued at approximately $109,000. Finally, Elkfork Partners LLC bought a new position in SolarEdge during the fourth quarter valued at approximately $190,000. 64.60% of the stock is currently owned by institutional investors and hedge funds.

A number of equities research analysts have recently issued reports on the stock. JPMorgan Chase increased their price target on shares of SolarEdge from $43.00 to $52.00 and gave the stock an “overweight” rating in a report on Thursday, February 15th. Needham & Company LLC increased their price target on shares of SolarEdge from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Canaccord Genuity increased their price target on shares of SolarEdge from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, February 26th. BidaskClub raised shares of SolarEdge from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 15th. Finally, Oppenheimer increased their price target on shares of SolarEdge from $38.00 to $50.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, fourteen have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $48.62.

About SolarEdge

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.

Insider Buying and Selling by Quarter for SolarEdge (NASDAQ:SEDG)

Receive News & Ratings for SolarEdge Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SolarEdge and related companies with MarketBeat.com's FREE daily email newsletter.