Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Position in Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) by 157.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,399 shares of the company’s stock after acquiring an additional 22,850 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Maxeon Solar Technologies were worth $268,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of MAXN. North Star Investment Management Corp. lifted its stake in Maxeon Solar Technologies by 37.9% in the 4th quarter. North Star Investment Management Corp. now owns 8,000 shares of the company’s stock valued at $57,000 after buying an additional 2,200 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Maxeon Solar Technologies by 4.2% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 56,598 shares of the company’s stock valued at $656,000 after acquiring an additional 2,261 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Maxeon Solar Technologies during the third quarter valued at $43,000. Pathstone Family Office LLC increased its position in Maxeon Solar Technologies by 24.6% during the 3rd quarter. Pathstone Family Office LLC now owns 20,330 shares of the company’s stock worth $236,000 after purchasing an additional 4,010 shares in the last quarter. Finally, tru Independence LLC raised its stake in Maxeon Solar Technologies by 2.6% in the 3rd quarter. tru Independence LLC now owns 170,296 shares of the company’s stock valued at $1,974,000 after purchasing an additional 4,334 shares during the last quarter. 47.67% of the stock is owned by hedge funds and other institutional investors.

Maxeon Solar Technologies Stock Up 5.4 %

Shares of NASDAQ MAXN opened at $2.36 on Monday. The stock has a market capitalization of $127.20 million, a PE ratio of -0.65 and a beta of 1.62. The company has a quick ratio of 0.88, a current ratio of 1.62 and a debt-to-equity ratio of 2.19. The firm has a fifty day moving average of $2.90 and a 200-day moving average of $4.58. Maxeon Solar Technologies, Ltd. has a 52-week low of $1.71 and a 52-week high of $38.91.

Analyst Upgrades and Downgrades

Several research firms have issued reports on MAXN. Roth Mkm reaffirmed a “neutral” rating and set a $3.00 price target on shares of Maxeon Solar Technologies in a research note on Tuesday, April 9th. Raymond James lowered shares of Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 9th. UBS Group cut their price target on Maxeon Solar Technologies from $3.00 to $2.75 and set a “sell” rating for the company in a report on Tuesday, April 9th. Finally, Mizuho reduced their price target on Maxeon Solar Technologies from $7.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, April 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.59.

Maxeon Solar Technologies Profile

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.