Kintegral Advisory LLC Has $815,000 Holdings in First Solar, Inc. (NASDAQ:FSLR)

Kintegral Advisory LLC decreased its position in First Solar, Inc. (NASDAQ:FSLR) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,623 shares of the solar cell manufacturer’s stock after selling 215 shares during the quarter. Kintegral Advisory LLC’s holdings in First Solar were worth $815,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Strengthening Families & Communities LLC acquired a new position in First Solar in the 3rd quarter valued at $25,000. Kennebec Savings Bank bought a new stake in shares of First Solar in the third quarter valued at about $29,000. Larson Financial Group LLC boosted its position in shares of First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after acquiring an additional 107 shares during the period. Crews Bank & Trust acquired a new position in shares of First Solar in the fourth quarter valued at about $53,000. Finally, Hudson Edge Investment Partners Inc. bought a new position in First Solar during the fourth quarter worth about $53,000. Institutional investors own 92.08% of the company’s stock.

First Solar Stock Performance

NASDAQ:FSLR opened at $155.39 on Friday. The stock’s 50-day moving average is $176.11 and its 200-day moving average is $200.32. The stock has a market cap of $16.64 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 1-year low of $141.70 and a 1-year high of $306.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Janney Montgomery Scott upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $260.00 target price on the stock in a research report on Tuesday, October 29th. Morgan Stanley reduced their price target on First Solar from $329.00 to $297.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 30th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $260.00 price objective (down from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Wells Fargo & Company reduced their target price on First Solar from $240.00 to $209.00 and set an “overweight” rating on the stock in a report on Wednesday, January 8th. Finally, The Goldman Sachs Group dropped their price target on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a research note on Wednesday, October 30th. Two equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $276.38.

First Solar 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.