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Legal & General Group Plc grew its position in SunPower Co. (NASDAQ:SPWR) by 11.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,138 shares of the semiconductor company’s stock after acquiring an additional 2,214 shares during the quarter. Legal & General Group Plc’s holdings in SunPower were worth $105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. ETF Managers Group LLC increased its holdings in shares of SunPower by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 16,339 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 2,226 shares during the last quarter. Northern Trust Corp increased its holdings in shares of SunPower by 0.4% in the 4th quarter. Northern Trust Corp now owns 760,039 shares of the semiconductor company’s stock valued at $3,778,000 after acquiring an additional 3,007 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of SunPower by 21.7% in the 4th quarter. Alps Advisors Inc. now owns 31,732 shares of the semiconductor company’s stock valued at $158,000 after acquiring an additional 5,652 shares during the last quarter. North Star Investment Management Corp. increased its holdings in shares of SunPower by 19.9% in the 4th quarter. North Star Investment Management Corp. now owns 36,200 shares of the semiconductor company’s stock valued at $180,000 after acquiring an additional 6,000 shares during the last quarter. Finally, Quinn Opportunity Partners LLC increased its holdings in shares of SunPower by 5.2% in the 4th quarter. Quinn Opportunity Partners LLC now owns 201,701 shares of the semiconductor company’s stock valued at $1,002,000 after acquiring an additional 10,000 shares during the last quarter. Institutional investors and hedge funds own 27.10% of the company’s stock.

NASDAQ:SPWR opened at $7.20 on Friday. SunPower Co. has a 1 year low of $4.55 and a 1 year high of $9.60. The firm has a market capitalization of $1.01 billion, a PE ratio of -8.18 and a beta of 2.32. The company has a quick ratio of 1.09, a current ratio of 1.52 and a debt-to-equity ratio of 39.39.

SunPower (NASDAQ:SPWR) last released its quarterly earnings results on Wednesday, February 13th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.38) by $0.13. The company had revenue of $525.40 million during the quarter, compared to analysts’ expectations of $566.06 million. SunPower had a negative return on equity of 83.67% and a negative net margin of 46.99%. The company’s revenue for the quarter was down 36.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 earnings per share. As a group, sell-side analysts predict that SunPower Co. will post -0.89 earnings per share for the current year.

A number of brokerages recently commented on SPWR. BidaskClub upgraded SunPower from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. ValuEngine upgraded SunPower from a “hold” rating to a “buy” rating in a research note on Wednesday, April 10th. JPMorgan Chase & Co. began coverage on SunPower in a research note on Thursday, April 11th. They set a “neutral” rating and a $7.50 price objective for the company. Zacks Investment Research upgraded SunPower from a “strong sell” rating to a “buy” rating and set a $8.25 price objective for the company in a research note on Tuesday, April 16th. Finally, Bank of America cut SunPower from a “neutral” rating to an “underperform” rating and set a $6.00 price target for the company. in a research note on Friday, February 15th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $7.11.

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About SunPower

SunPower Corporation researches, develops, manufactures, and delivers solar solutions worldwide. It operates through three segments: Residential, Commercial, and Power Plant. The company provides solar power components, including panels and system components, primarily to dealers, system integrators, and distributors.

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Institutional Ownership by Quarter for SunPower (NASDAQ:SPWR)

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