About shares traded. SunPower Corporation (NASDAQ:SPWR) has declined 50.78% since May 31, 2016 and is downtrending. (NASDAQ:SPWR) by 0.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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. Jupiter Asset Management Ltd. owned 0.29% of SunPower worth $2,463,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC increased its stake in shares of SunPower by 8.1% in the first quarter. Vanguard Group Inc. increased its position in shares of SunPower by 1.3% in the first quarter. First Trust Advisors LP increased its position in shares of SunPower by 9.4% in the first quarter. Vanguard Group Inc. now owns 4,324,356 shares of the semiconductor company's stock worth $26,378,000 after buying an additional 54,858 shares during the last quarter. Cipher Capital LP acquired a new position in shares of SunPower during the fourth quarter valued at approximately $155,000. (FIT) have 231.96 million outstanding shares now held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.
Shares of SunPower Co. Given that liquidity is king in short-term, SPWR is a stock with 144.34 million shares outstanding that normally trades 0% of its float. The stock has been active on the tape, now trading at $7.87, down from yesterday's close by -3.44%. The company has a 50 day moving average of $6.56 and a 200-day moving average of $7.08. Sunpower Corp now has $1.10 billion valuation. At the time of writing, Shares the company recently traded 36.13% away 52-week low and noted price movement -55.19% away from the 52-week high level.
It seems there's no end to issues related to older Microsoft Corporation (NASDAQ:MSFT)'s Windows versions as a new file system bug has been discovered that can crash PCs. During the same period in the previous year, the company earned ($0.30) earnings per share. SunPower had a negative net margin of 16.95% and a positive return on equity of 16.65%. SunPower's quarterly revenue was down.9% on a year-over-year basis. They expect $0.88 EPS, down 5.38% or $0.05 from last year's $0.93 per share. The company's current price-earnings ratio amounts to times earnings, above the average P/E ratio of 14.65 times earnings.
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Schwab Charles has 0% invested in SunPower Corporation (NASDAQ:SPWR). Oppenheimer Holdings Inc. upgraded shares of SunPower from a "market perform" rating to an "outperform" rating and set a $10.00 price target on the stock in a research note on Thursday, February 16th. SunPower now has an average rating of "Hold" and an average price target of $9.13. Credit Suisse Group AG reissued a "hold" rating on shares of SunPower in a research note on Friday, February 10th. Finally, Robert W. Baird reiterated a "neutral" rating and set a $7.00 price target on shares of SunPower in a research report on Thursday, February 16th. Goldman Sachs Group Inc reissued a "neutral" rating on shares of SunPower in a research report on Friday, February 10th. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have assigned a buy rating to the stock.
Stock has got outperform rating from 13 analysts of Thomson Reuters whereas 9 analysts given hold rating to the stock.