Aperio Group LLC Has $1.57 Million Stake in SunPower Corporation (SPWR)
Aperio Group LLC increased its position in SunPower Corporation (NASDAQ:SPWR) by 22.2% during the second quarter, Holdings Channel reports. The fund owned 167,965 shares of the semiconductor company’s stock after buying an additional 30,511 shares during the period. Aperio Group LLC’s holdings in SunPower Corporation were worth $1,569,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of SPWR. State Street Corp raised its position in SunPower Corporation by 26.7% in the fourth quarter. State Street Corp now owns 1,798,903 shares of the semiconductor company’s stock worth $11,895,000 after buying an additional 379,112 shares during the last quarter. AQR Capital Management LLC raised its position in SunPower Corporation by 46.1% in the fourth quarter. AQR Capital Management LLC now owns 51,299 shares of the semiconductor company’s stock worth $339,000 after buying an additional 16,183 shares during the last quarter. Teachers Advisors LLC raised its position in SunPower Corporation by 0.7% in the fourth quarter. Teachers Advisors LLC now owns 97,906 shares of the semiconductor company’s stock worth $647,000 after buying an additional 696 shares during the last quarter. Merriman Wealth Management LLC bought a new position in SunPower Corporation during the first quarter worth approximately $122,000. Finally, North Star Investment Management Corp. raised its position in SunPower Corporation by 70.2% in the first quarter. North Star Investment Management Corp. now owns 26,600 shares of the semiconductor company’s stock worth $162,000 after buying an additional 10,973 shares during the last quarter. 25.61% of the stock is owned by hedge funds and other institutional investors.
SunPower Corporation (NASDAQ:SPWR) traded up 2.79% during midday trading on Friday, reaching $9.21. The company had a trading volume of 1,423,820 shares. The company’s market capitalization is $1.28 billion. The firm has a 50-day moving average price of $9.85 and a 200-day moving average price of $7.89. SunPower Corporation has a 52 week low of $5.84 and a 52 week high of $11.70.
SunPower Corporation (NASDAQ:SPWR) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.63) by $0.24. The company had revenue of $341.50 million during the quarter, compared to the consensus estimate of $312.58 million. SunPower Corporation had a negative net margin of 21.84% and a negative return on equity of 12.56%. SunPower Corporation’s revenue was down 15.0% compared to the same quarter last year. During the same period last year, the firm earned ($0.22) earnings per share. Analysts expect that SunPower Corporation will post ($0.98) EPS for the current fiscal year.
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A number of equities analysts have recently commented on SPWR shares. Zacks Investment Research raised SunPower Corporation from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 18th. ValuEngine raised SunPower Corporation from a “strong sell” rating to a “sell” rating in a report on Friday, June 2nd. BidaskClub raised SunPower Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. Cowen and Company set a $12.00 price target on SunPower Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, 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 report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $9.57.
SunPower Corporation Company Profile
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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