4,847 Shares in First Solar, Inc. (NASDAQ:FSLR) Acquired by Western Financial Corp CA

Western Financial Corp CA bought a new position in First Solar, Inc. (NASDAQ:FSLR) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,847 shares of the solar cell manufacturer’s stock, valued at approximately $1,209,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC raised its holdings in First Solar by 5.9% in the first quarter. Ballentine Partners LLC now owns 1,945 shares of the solar cell manufacturer’s stock worth $328,000 after buying an additional 109 shares during the last quarter. Harbor Investment Advisory LLC raised its holdings in First Solar by 36.0% in the 1st quarter. Harbor Investment Advisory LLC now owns 272 shares of the solar cell manufacturer’s stock worth $46,000 after purchasing an additional 72 shares during the period. Riverview Trust Co purchased a new position in First Solar during the first quarter valued at $32,000. Gilman Hill Asset Management LLC raised its stake in shares of First Solar by 5.4% in the first quarter. Gilman Hill Asset Management LLC now owns 1,950 shares of the solar cell manufacturer’s stock worth $329,000 after buying an additional 100 shares during the period. Finally, Beech Hill Advisors Inc. lifted its holdings in First Solar by 20.6% during the first quarter. Beech Hill Advisors Inc. now owns 27,201 shares of the solar cell manufacturer’s stock valued at $4,592,000 after purchasing an additional 4,654 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the completion of the transaction, the insider now owns 3,468 shares in the company, valued at approximately $769,896. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CAO Byron Michael Jeffers sold 1,766 shares of the business’s stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $216.50, for a total transaction of $382,339.00. Following the completion of the sale, the chief accounting officer now owns 500 shares in the company, valued at approximately $108,250. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick James Buehler sold 8,619 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the completion of the transaction, the insider now owns 3,468 shares of the company’s stock, valued at approximately $769,896. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 10,885 shares of company stock worth $2,405,757 in the last 90 days. Corporate insiders own 0.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on FSLR shares. Susquehanna dropped their price objective on First Solar from $285.00 to $280.00 and set a “positive” rating for the company in a research note on Wednesday, October 16th. JPMorgan Chase & Co. upped their target price on shares of First Solar from $262.00 to $282.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Bank of America dropped their price target on First Solar from $343.00 to $321.00 and set a “buy” rating for the company in a research note on Tuesday, October 8th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of First Solar from $215.00 to $280.00 and gave the company a “buy” rating in a research report on Friday, June 28th. Finally, Robert W. Baird lowered their price objective on shares of First Solar from $344.00 to $307.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, First Solar presently has an average rating of “Moderate Buy” and an average price target of $289.96.

First Solar Trading Down 2.7 %

NASDAQ FSLR traded down $5.34 during trading hours on Monday, reaching $195.21. The company had a trading volume of 1,911,514 shares, compared to its average volume of 2,374,577. The company has a current ratio of 2.23, a quick ratio of 1.65 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $20.90 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 0.38 and a beta of 1.44. The stock has a 50-day moving average of $226.97 and a 200 day moving average of $222.82. First Solar, Inc. has a 1-year low of $129.21 and a 1-year high of $306.77.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.56. First Solar had a return on equity of 17.73% and a net margin of 31.98%. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $939.71 million. During the same period in the previous year, the firm posted $1.85 earnings per share. The company’s revenue was up 24.6% on a year-over-year basis. As a group, research analysts anticipate that First Solar, Inc. will post 13.53 earnings per share for the current fiscal year.

First Solar Company Profile

First Solar, Inc, a solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, Japan, Chile, and internationally. The company manufactures and sells PV solar modules with a thin film semiconductor technology that provides a lower-carbon alternative to conventional crystalline silicon PV solar modules.