Profund Advisors LLC Increases Stock Position in JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Profund Advisors LLC grew its position in JinkoSolar Holding Co., Ltd. (NYSE:JKS) by 8.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,217 shares of the semiconductor company’s stock after purchasing an additional 960 shares during the period. Profund Advisors LLC’s holdings in JinkoSolar were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in JKS. Dimensional Fund Advisors LP increased its holdings in JinkoSolar by 16.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 661,563 shares of the semiconductor company’s stock worth $24,445,000 after buying an additional 92,737 shares during the last quarter. Hsbc Holdings PLC increased its holdings in JinkoSolar by 212.2% during the fourth quarter. Hsbc Holdings PLC now owns 104,000 shares of the semiconductor company’s stock worth $3,842,000 after buying an additional 70,689 shares during the last quarter. GSA Capital Partners LLP increased its holdings in JinkoSolar by 372.9% during the first quarter. GSA Capital Partners LLP now owns 77,349 shares of the semiconductor company’s stock worth $1,948,000 after buying an additional 60,992 shares during the last quarter. Boston Partners purchased a new stake in JinkoSolar during the first quarter worth about $575,000. Finally, Vanguard Group Inc. increased its holdings in JinkoSolar by 0.9% during the first quarter. Vanguard Group Inc. now owns 1,591,101 shares of the semiconductor company’s stock worth $40,080,000 after buying an additional 14,491 shares during the last quarter. Hedge funds and other institutional investors own 35.82% of the company’s stock.

JinkoSolar Price Performance

JKS stock opened at $23.21 on Friday. The firm has a 50 day moving average of $19.52 and a 200-day moving average of $22.60. The company has a current ratio of 1.08, a quick ratio of 0.79 and a debt-to-equity ratio of 0.76. JinkoSolar Holding Co., Ltd. has a 12 month low of $16.70 and a 12 month high of $38.65. The firm has a market capitalization of $1.23 billion, a P/E ratio of 3.62 and a beta of 0.40.

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

JinkoSolar Announces Dividend

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

Analysts Set New Price Targets

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

About JinkoSolar

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.