Dimensional Fund Advisors LP reduced its stake in shares of SunPower Corporation (NASDAQ:SPWR) by 1.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,387,015 shares of the semiconductor company’s stock after selling 20,117 shares during the period. Dimensional Fund Advisors LP owned about 1.00% of SunPower Corporation worth $8,461,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in SPWR. TLP Group LLC raised its stake in shares of SunPower Corporation by 120.2% in the first quarter. TLP Group LLC now owns 62,615 shares of the semiconductor company’s stock valued at $382,000 after buying an additional 34,184 shares in the last quarter. Rock Point Advisors LLC raised its stake in shares of SunPower Corporation by 53.9% in the first quarter. Rock Point Advisors LLC now owns 530,119 shares of the semiconductor company’s stock valued at $3,234,000 after buying an additional 185,725 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of SunPower Corporation by 5.3% in the first quarter. Van ECK Associates Corp now owns 111,573 shares of the semiconductor company’s stock valued at $681,000 after buying an additional 5,619 shares in the last quarter. Asset Management One Co. Ltd. raised its stake in shares of SunPower Corporation by 4.0% in the first quarter. Asset Management One Co. Ltd. now owns 48,281 shares of the semiconductor company’s stock valued at $295,000 after buying an additional 1,848 shares in the last quarter. Finally, 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 valued at $1,174,000 after buying an additional 111,809 shares in the last quarter. 25.55% of the stock is currently owned by institutional investors and hedge funds.

Shares of SunPower Corporation (SPWR) traded up 0.23% during trading on Tuesday, hitting $8.86. The stock had a trading volume of 650,875 shares. The stock has a 50 day moving average price of $9.88 and a 200-day moving average price of $8.04. SunPower Corporation has a one year low of $5.84 and a one year high of $11.70. The stock’s market capitalization is $1.24 billion.

SunPower Corporation (NASDAQ:SPWR) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported ($0.39) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.24. The firm had revenue of $341.50 million for the quarter, compared to the consensus estimate of $312.58 million. SunPower Corporation had a negative return on equity of 12.56% and a negative net margin of 21.84%. The business’s quarterly revenue was down 15.0% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.22) EPS. On average, equities research analysts predict that SunPower Corporation will post ($0.98) earnings per share for the current year.

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A number of equities analysts have commented on the company. Deutsche Bank AG boosted their price objective on SunPower Corporation from $6.00 to $9.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Vetr lowered SunPower Corporation from a “strong-buy” rating to a “buy” rating and set a $12.52 price objective on the stock. in a research note on Monday, July 31st. BidaskClub lowered SunPower Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Axiom Securities reissued a “buy” rating on shares of SunPower Corporation in a research note on Saturday, July 22nd. Finally, Cowen and Company set a $12.00 price objective on SunPower Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Two equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $9.25.

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

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