Signaturefd LLC Boosts Stock Holdings in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) – Defense World
Posted by admin on Jul 31st, 2022 
Signaturefd LLC lifted its stake in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN – Get Rating) by 332.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,771 shares of the company’s stock after buying an additional 1,361 shares during the period. Signaturefd LLC’s holdings in Maxeon Solar Technologies were worth $26,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of MAXN. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Maxeon Solar Technologies during the 1st quarter worth approximately $68,000. Advisor Group Holdings Inc. boosted its stake in shares of Maxeon Solar Technologies by 60.4% during the fourth quarter. Advisor Group Holdings Inc. now owns 7,729 shares of the company’s stock valued at $108,000 after purchasing an additional 2,911 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Maxeon Solar Technologies in the fourth quarter worth approximately $150,000. Parallax Volatility Advisers L.P. purchased a new position in shares of Maxeon Solar Technologies in the fourth quarter worth $261,000. Finally, Swiss National Bank bought a new stake in Maxeon Solar Technologies during the 4th quarter valued at $374,000. Institutional investors own 40.55% of the company’s stock.
NASDAQ:MAXN opened at $17.25 on Friday. The company has a quick ratio of 0.75, a current ratio of 1.33 and a debt-to-equity ratio of 0.74. The firm’s fifty day simple moving average is $12.54 and its 200 day simple moving average is $11.95. The stock has a market cap of $763.26 million, a P/E ratio of -2.51 and a beta of 1.54. Maxeon Solar Technologies, Ltd. has a twelve month low of $7.48 and a twelve month high of $25.39.
Maxeon Solar Technologies (NASDAQ:MAXN – Get Rating) last announced its earnings results on Thursday, May 26th. The company reported ($1.45) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.43) by ($0.02). Maxeon Solar Technologies had a negative net margin of 32.68% and a negative return on equity of 71.89%. The company had revenue of $223.08 million for the quarter, compared to the consensus estimate of $213.39 million. During the same period in the previous year, the firm posted ($1.14) EPS. As a group, research analysts predict that Maxeon Solar Technologies, Ltd. will post -5.26 EPS for the current year.
Separately, Raymond James decreased their price objective on shares of Maxeon Solar Technologies from $23.00 to $18.00 in a research report on Friday, May 27th.
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Maxeon Solar Technologies, Ltd. designs, manufactures, markets, and sells solar panels and related solar system components worldwide. The company provides interdigitated back contact and shingled solar cells and panels under the SunPower brand. It offers its products to dealers, project developers, system integrators, distributors, resellers, and residential and small-scale commercial customers.
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