KCG Holdings Inc. increased its stake in shares of SunPower Corporation (NASDAQ:SPWR) by 62.0% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,927 shares of the semiconductor company’s stock after buying an additional 24,841 shares during the period. KCG Holdings Inc.’s holdings in SunPower Corporation were worth $396,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. SG Americas Securities LLC raised its stake in shares of SunPower Corporation by 138.5% in the first quarter. SG Americas Securities LLC now owns 192,516 shares of the semiconductor company’s stock worth $1,174,000 after buying an additional 111,809 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of SunPower Corporation by 109.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 21,354 shares of the semiconductor company’s stock worth $130,000 after buying an additional 11,159 shares in the last quarter. Parametric Portfolio Associates LLC raised its stake in shares of SunPower Corporation by 38.5% in the first quarter. Parametric Portfolio Associates LLC now owns 152,635 shares of the semiconductor company’s stock worth $931,000 after buying an additional 42,426 shares in the last quarter. TFS Capital LLC acquired a new stake in shares of SunPower Corporation during the first quarter worth about $126,000. Finally, Karp Capital Management Corp acquired a new stake in shares of SunPower Corporation during the first quarter worth about $838,000. 25.53% of the stock is owned by institutional investors and hedge funds.
SunPower Corporation (NASDAQ:SPWR) opened at 10.37 on Tuesday. The stock’s market capitalization is $1.45 billion. SunPower Corporation has a one year low of $5.84 and a one year high of $16.41. The stock has a 50 day moving average price of $8.03 and a 200-day moving average price of $7.30.
SunPower Corporation (NASDAQ:SPWR) last released its quarterly earnings results on Tuesday, May 9th. The semiconductor company reported ($0.36) EPS for the quarter, topping analysts’ consensus estimates of ($0.49) by $0.13. SunPower Corporation had a negative return on equity of 10.47% and a negative net margin of 20.21%. The company had revenue of $429.50 million for the quarter, compared to analysts’ expectations of $388.07 million. During the same period in the prior year, the firm earned ($0.30) earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Analysts anticipate that SunPower Corporation will post ($1.08) earnings per share for the current year.
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A number of equities research analysts recently issued reports on the company. Vetr lowered SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $11.45 price target for the company. in a research note on Monday. Zacks Investment Research lowered SunPower Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 12th. Cowen and Company set a $12.00 price target on SunPower Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. BidaskClub raised SunPower Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 27th. Finally, ValuEngine raised SunPower Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the stock. SunPower Corporation has an average rating of “Hold” and an average price target of $9.29.
About SunPower Corporation
SunPower Corporation is a global energy company. The Company delivers complete solar solutions to residential, commercial, and power plant customers. The Company’s segments include Residential Segment, Commercial Segment and Power Plant Segment. The Residential and Commercial Segments combined are referred to as Distributed Generation.
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