DekaBank Deutsche Girozentrale Sells 249,149 Shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN)

DekaBank Deutsche Girozentrale decreased its holdings in shares of Maxeon Solar Technologies, Ltd. (NASDAQ:MAXN) by 95.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,444 shares of the company’s stock after selling 249,149 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Maxeon Solar Technologies were worth $85,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL bought a new stake in Maxeon Solar Technologies during the 1st quarter valued at approximately $27,000. Exchange Traded Concepts LLC bought a new stake in Maxeon Solar Technologies during the 3rd quarter valued at approximately $43,000. North Star Investment Management Corp. boosted its stake in Maxeon Solar Technologies by 37.9% during the 4th quarter. North Star Investment Management Corp. now owns 8,000 shares of the company’s stock valued at $57,000 after purchasing an additional 2,200 shares during the period. Ameritas Investment Partners Inc. bought a new stake in Maxeon Solar Technologies during the 2nd quarter valued at approximately $59,000. Finally, Tower Research Capital LLC TRC boosted its stake in Maxeon Solar Technologies by 177.1% during the 3rd quarter. Tower Research Capital LLC TRC now owns 5,858 shares of the company’s stock valued at $68,000 after purchasing an additional 3,744 shares during the period. Institutional investors own 47.67% of the company’s stock.

Maxeon Solar Technologies Trading Up 7.9 %

Shares of MAXN opened at $2.11 on Thursday. Maxeon Solar Technologies, Ltd. has a 1 year low of $1.89 and a 1 year high of $38.91. The company has a current ratio of 1.62, a quick ratio of 0.88 and a debt-to-equity ratio of 2.19. The stock has a 50 day simple moving average of $3.65 and a 200-day simple moving average of $5.25. The stock has a market cap of $113.73 million, a PE ratio of -0.58 and a beta of 1.46.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Roth Mkm restated a “neutral” rating and set a $3.00 target price on shares of Maxeon Solar Technologies in a research note on Tuesday, April 9th. Raymond James cut Maxeon Solar Technologies from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 9th. Mizuho cut their price target on Maxeon Solar Technologies from $7.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, April 11th. Finally, 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. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average 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.