Parametric Portfolio Associates LLC lessened its stake in SunPower Corporation (NASDAQ:SPWR) by 13.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,246 shares of the semiconductor company’s stock after selling 20,389 shares during the period. Parametric Portfolio Associates LLC owned 0.09% of SunPower Corporation worth $1,235,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in SunPower Corporation by 13.8% in the 2nd quarter. Vanguard Group Inc. now owns 4,922,577 shares of the semiconductor company’s stock valued at $45,977,000 after buying an additional 598,221 shares in the last quarter. Northern Trust Corp grew its position in SunPower Corporation by 141.3% in the 2nd quarter. Northern Trust Corp now owns 845,237 shares of the semiconductor company’s stock valued at $7,894,000 after buying an additional 494,979 shares in the last quarter. California Public Employees Retirement System grew its position in SunPower Corporation by 21.1% in the 2nd quarter. California Public Employees Retirement System now owns 827,900 shares of the semiconductor company’s stock valued at $7,733,000 after buying an additional 144,400 shares in the last quarter. Geode Capital Management LLC grew its position in SunPower Corporation by 6.3% in the 1st quarter. Geode Capital Management LLC now owns 532,710 shares of the semiconductor company’s stock valued at $3,249,000 after buying an additional 31,526 shares in the last quarter. Finally, GAM Holding AG grew its position in SunPower Corporation by 970.8% in the 2nd quarter. GAM Holding AG now owns 428,311 shares of the semiconductor company’s stock valued at $4,000,000 after buying an additional 388,311 shares in the last quarter. Hedge funds and other institutional investors own 27.90% of the company’s stock.

A number of brokerages recently issued reports on SPWR. ValuEngine upgraded shares of SunPower Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, November 4th. Zacks Investment Research lowered shares of SunPower Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Morgan Stanley lowered shares of SunPower Corporation from an “equal weight” rating to an “underweight” rating and decreased their target price for the company from $7.22 to $6.00 in a research report on Wednesday, September 27th. Bank of America Corporation decreased their target price on shares of SunPower Corporation from $12.00 to $10.00 and set a “neutral” rating for the company in a research report on Tuesday, September 26th. Finally, Cowen and Company reiterated a “buy” rating and issued a $12.00 target price on shares of SunPower Corporation in a research report on Sunday, September 17th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. SunPower Corporation currently has an average rating of “Hold” and an average target price of $9.34.

SunPower Corporation (NASDAQ:SPWR) opened at $8.33 on Thursday. SunPower Corporation has a 12-month low of $5.84 and a 12-month high of $11.70. The company has a current ratio of 1.41, a quick ratio of 1.02 and a debt-to-equity ratio of 1.71.

SunPower Corporation (NASDAQ:SPWR) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.21 EPS for the quarter, topping the consensus estimate of ($0.39) by $0.60. SunPower Corporation had a negative net margin of 24.91% and a negative return on equity of 20.81%. The company had revenue of $477.20 million during the quarter, compared to analysts’ expectations of $383.76 million. During the same period last year, the company posted $0.68 earnings per share. The business’s revenue for the quarter was down 34.6% on a year-over-year basis. analysts expect that SunPower Corporation will post -0.77 earnings per share for the current fiscal year.

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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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Institutional Ownership by Quarter for SunPower Corporation (NASDAQ:SPWR)

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