Hsbc Holdings PLC Has $1.02 Million Stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Hsbc Holdings PLC reduced its stake in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 12.4% in the 2nd quarter, Holdings Channel reports. The firm owned 49,039 shares of the semiconductor company’s stock after selling 6,961 shares during the period. Hsbc Holdings PLC’s holdings in JinkoSolar were worth $1,016,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in JKS. Headlands Technologies LLC boosted its holdings in JinkoSolar by 607.7% during the second quarter. Headlands Technologies LLC now owns 4,048 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 3,476 shares during the period. Barometer Capital Management Inc. bought a new stake in JinkoSolar during the 4th quarter valued at approximately $126,000. Daiwa Securities Group Inc. grew its holdings in JinkoSolar by 117.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,600 shares of the semiconductor company’s stock valued at $191,000 after buying an additional 4,100 shares during the last quarter. Banco BTG Pactual S.A. bought a new position in JinkoSolar in the 1st quarter worth approximately $207,000. Finally, Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of JinkoSolar by 43.3% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 11,659 shares of the semiconductor company’s stock worth $242,000 after buying an additional 3,521 shares during the last quarter. Institutional investors own 35.82% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on JKS. The Goldman Sachs Group reduced their price target on shares of JinkoSolar from $21.00 to $18.00 and set a “sell” rating for the company in a report on Tuesday, September 3rd. StockNews.com raised JinkoSolar from a “sell” rating to a “hold” rating in a research report on Wednesday, September 18th. Finally, Roth Mkm cut their price target on JinkoSolar from $25.00 to $20.00 and set a “neutral” rating for the company in a report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.60.

JinkoSolar Stock Up 9.2 %

Shares of JinkoSolar stock opened at $23.21 on Friday. JinkoSolar Holding Co., Ltd. has a 1 year low of $16.70 and a 1 year high of $38.65. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.08 and a quick ratio of 0.79. The company has a market capitalization of $1.23 billion, a P/E ratio of 3.62 and a beta of 0.40. The business has a 50-day moving average of $19.52 and a two-hundred day moving average of $22.60.

JinkoSolar (NYSE:JKS) last announced its earnings results on Friday, August 30th. The semiconductor company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.92. The firm had revenue of $3.31 billion during the quarter, compared to analyst estimates of $3.85 billion. JinkoSolar had a net margin of 1.65% and a return on equity of 7.86%. As a group, equities analysts predict that JinkoSolar Holding Co., Ltd. will post -0.42 EPS for the current year.

JinkoSolar Announces Dividend

The firm also recently disclosed a Variable dividend, which was paid on Friday, August 30th. Stockholders of record on Thursday, August 15th were paid a dividend of $1.50 per share. The ex-dividend date of this dividend was Thursday, August 15th. This represents a dividend yield of 15.6%. JinkoSolar’s dividend payout ratio is 46.18%.

JinkoSolar Company Profile

JinkoSolar Holding Co, Ltd., together with its subsidiaries, engages in the design, development, production, and marketing of photovoltaic products. The company offers solar modules, silicon wafers, solar cells, recovered silicon materials, and silicon ingots. It also provides solar system integration services; solar power generation and solar system EPC services; and energy storage system, as well as undertakes solar power projects.