GSA Capital Partners LLP bought a new position in shares of Solaredge Technologies Inc (NASDAQ:SEDG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 17,900 shares of the semiconductor company’s stock, valued at approximately $511,000.

Other hedge funds have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its position in shares of Solaredge Technologies by 601.2% during the second quarter. Bank of New York Mellon Corp now owns 1,526,947 shares of the semiconductor company’s stock worth $30,539,000 after buying an additional 1,309,184 shares during the period. Spears Abacus Advisors LLC purchased a new position in shares of Solaredge Technologies during the second quarter worth $366,000. Columbus Circle Investors purchased a new position in shares of Solaredge Technologies during the third quarter worth $4,557,000. Goldman Sachs Group Inc. boosted its position in shares of Solaredge Technologies by 143.7% during the second quarter. Goldman Sachs Group Inc. now owns 341,115 shares of the semiconductor company’s stock worth $6,822,000 after buying an additional 201,146 shares during the period. Finally, Koch Industries Inc. purchased a new position in shares of Solaredge Technologies during the second quarter worth $265,000. 67.53% of the stock is owned by institutional investors.

SEDG has been the subject of several research analyst reports. Needham & Company LLC restated a “buy” rating and set a $30.00 price target on shares of Solaredge Technologies in a research report on Tuesday, September 12th. ValuEngine lowered Solaredge Technologies from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Deutsche Bank lowered Solaredge Technologies from a “buy” rating to a “hold” rating and set a $40.00 price target for the company. in a research report on Monday, November 27th. Zacks Investment Research upgraded Solaredge Technologies from a “hold” rating to a “strong-buy” rating and set a $44.00 price target for the company in a research report on Tuesday, November 14th. Finally, JPMorgan Chase & Co. raised their price target on Solaredge Technologies to $43.00 and gave the stock an “overweight” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $34.19.

In related news, CFO Ronen Faier sold 30,000 shares of Solaredge Technologies stock in a transaction on Friday, December 15th. The stock was sold at an average price of $37.80, for a total value of $1,134,000.00. Following the completion of the transaction, the chief financial officer now directly owns 91,666 shares in the company, valued at $3,464,974.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Lior Handelsman sold 25,000 shares of Solaredge Technologies stock in a transaction on Friday, December 15th. The shares were sold at an average price of $38.10, for a total value of $952,500.00. Following the completion of the transaction, the vice president now owns 152,950 shares of the company’s stock, valued at $5,827,395. The disclosure for this sale can be found here. Over the last quarter, insiders sold 118,288 shares of company stock valued at $4,284,390. 16.40% of the stock is currently owned by company insiders.

Solaredge Technologies Inc (NASDAQ SEDG) opened at $39.05 on Thursday. The stock has a market capitalization of $1,680.00 and a price-to-earnings ratio of 23.52. Solaredge Technologies Inc has a fifty-two week low of $12.25 and a fifty-two week high of $39.90.

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Solaredge Technologies Company Profile

SolarEdge Technologies, Inc offers an inverter solution for a solar photovoltaic (PV) system. The Company’s products include SolarEdge Power Optimizer, SolarEdge Inverter, StorEdge Solutions and SolarEdge Monitoring Software. Its product roadmap consists of categories, including power optimizers, inverters, monitoring services, energy storage and smart energy management.

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Institutional Ownership by Quarter for Solaredge Technologies (NASDAQ:SEDG)

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