Virtu Financial LLC Purchases 36,249 Shares of SunPower Co. (NASDAQ:SPWR)

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Virtu Financial LLC grew its position in SunPower Co. (NASDAQ:SPWR) by 340.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 46,893 shares of the semiconductor company’s stock after acquiring an additional 36,249 shares during the period. Virtu Financial LLC’s holdings in SunPower were worth $514,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of SunPower by 14.2% in the second quarter. Vanguard Group Inc. now owns 7,773,068 shares of the semiconductor company’s stock valued at $83,094,000 after acquiring an additional 967,577 shares during the last quarter. Columbus Circle Investors bought a new position in shares of SunPower in the third quarter valued at approximately $16,279,000. D. E. Shaw & Co. Inc. raised its stake in shares of SunPower by 89.0% in the second quarter. D. E. Shaw & Co. Inc. now owns 1,093,848 shares of the semiconductor company’s stock valued at $11,694,000 after acquiring an additional 515,022 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of SunPower by 6,600.5% in the third quarter. SG Americas Securities LLC now owns 849,692 shares of the semiconductor company’s stock valued at $9,321,000 after acquiring an additional 837,011 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of SunPower by 2.4% in the second quarter. Northern Trust Corp now owns 781,550 shares of the semiconductor company’s stock valued at $8,355,000 after acquiring an additional 18,572 shares during the last quarter. Institutional investors own 32.23% of the company’s stock.

SPWR has been the subject of a number of research analyst reports. Credit Suisse Group cut their target price on shares of SunPower from $14.50 to $11.00 and set an “outperform” rating for the company in a research note on Friday. Zacks Investment Research upgraded shares of SunPower from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Tuesday, August 6th. ValuEngine cut shares of SunPower from a “hold” rating to a “sell” rating in a research report on Sunday. Barclays restated a “sell” rating and issued a $6.00 price objective on shares of SunPower in a research report on Monday, August 5th. Finally, Goldman Sachs Group set a $14.00 price objective on shares of SunPower and gave the stock a “buy” rating in a research report on Friday, November 1st. Six analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $9.29.

SPWR stock opened at $7.28 on Tuesday. The company has a 50 day moving average price of $8.54 and a 200 day moving average price of $10.52. SunPower Co. has a fifty-two week low of $4.55 and a fifty-two week high of $16.04. The stock has a market capitalization of $1.07 billion, a PE ratio of -8.27 and a beta of 2.20.

SunPower (NASDAQ:SPWR) last posted its quarterly earnings data on Wednesday, October 30th. The semiconductor company reported $0.07 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.05. The company had revenue of $491.70 million during the quarter, compared to the consensus estimate of $475.29 million. During the same quarter last year, the firm earned ($0.29) EPS. The business’s revenue for the quarter was up 10.9% on a year-over-year basis. On average, equities research analysts anticipate that SunPower Co. will post -0.61 earnings per share for the current year.

SunPower Company Profile

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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