2,132 Shares in First Solar, Inc. (NASDAQ:FSLR) Bought by Jump Financial LLC

Jump Financial LLC acquired a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 2,132 shares of the solar cell manufacturer's stock, valued at approximately $376,000.

A number of other institutional investors and hedge funds have also made changes to their positions in FSLR. Smartleaf Asset Management LLC raised its stake in First Solar by 31.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock valued at $47,000 after acquiring an additional 63 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of First Solar during the fourth quarter worth approximately $53,000. Hudson Edge Investment Partners Inc. acquired a new stake in shares of First Solar during the fourth quarter worth $53,000. CoreFirst Bank & Trust purchased a new position in First Solar in the 4th quarter valued at $54,000. Finally, Montag A & Associates Inc. increased its stake in First Solar by 18.8% in the 4th quarter. Montag A & Associates Inc. now owns 475 shares of the solar cell manufacturer's stock valued at $84,000 after buying an additional 75 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Price Performance

NASDAQ:FSLR opened at $141.86 on Friday. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $306.77. The firm has a market cap of $15.19 billion, a price-to-earnings ratio of 12.22, a price-to-earnings-growth ratio of 0.19 and a beta of 1.48. The company's 50-day moving average is $133.46 and its two-hundred day moving average is $169.09. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $4.81 by ($1.16). The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. Research analysts expect that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently commented on FSLR. Citigroup reduced their target price on shares of First Solar from $254.00 to $236.00 and set a "neutral" rating for the company in a research note on Wednesday, February 26th. Truist Financial reaffirmed a "buy" rating and issued a $245.00 price objective (down previously from $285.00) on shares of First Solar in a report on Wednesday, April 2nd. Mizuho raised First Solar from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $218.00 to $259.00 in a research note on Tuesday, February 11th. JPMorgan Chase & Co. decreased their price target on First Solar from $282.00 to $268.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Finally, Barclays cut their price objective on First Solar from $236.00 to $204.00 and set an "overweight" rating for the company in a research report on Friday, April 11th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $249.96.

Insider Activity at First Solar

In other news, CEO Mark R. Widmar sold 21,542 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $141.09, for a total transaction of $3,039,360.78. Following the completion of the transaction, the chief executive officer now owns 103,403 shares of the company's stock, valued at $14,589,129.27. This represents a 17.24 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Kuntal Kumar Verma sold 419 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $132.96, for a total transaction of $55,710.24. Following the completion of the sale, the insider now directly owns 4,695 shares in the company, valued at $624,247.20. This represents a 8.19 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,311 shares of company stock worth $4,767,158. 0.48% of the stock is currently owned by insiders.

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.

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