Asset Management One Co. Ltd. Boosts Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Asset Management One Co. Ltd. lifted its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,496 shares of the solar cell manufacturer's stock after buying an additional 3,562 shares during the quarter. Asset Management One Co. Ltd.'s holdings in First Solar were worth $8,309,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Creative Planning lifted its position in shares of First Solar by 7.1% during the third quarter. Creative Planning now owns 17,003 shares of the solar cell manufacturer's stock worth $4,241,000 after purchasing an additional 1,121 shares in the last quarter. Bleakley Financial Group LLC increased its stake in First Solar by 8.6% during the 3rd quarter. Bleakley Financial Group LLC now owns 1,383 shares of the solar cell manufacturer's stock worth $345,000 after buying an additional 110 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in First Solar by 2.9% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,055 shares of the solar cell manufacturer's stock worth $2,758,000 after buying an additional 312 shares in the last quarter. Blue Trust Inc. boosted its position in First Solar by 88.5% in the 3rd quarter. Blue Trust Inc. now owns 769 shares of the solar cell manufacturer's stock valued at $192,000 after buying an additional 361 shares during the period. Finally, Raymond James & Associates grew its stake in shares of First Solar by 10.1% in the third quarter. Raymond James & Associates now owns 13,040 shares of the solar cell manufacturer's stock worth $3,253,000 after acquiring an additional 1,197 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on FSLR. Susquehanna reduced their price objective on First Solar from $280.00 to $252.00 and set a "positive" rating on the stock in a research note on Wednesday, October 30th. StockNews.com raised First Solar from a "sell" rating to a "hold" rating in a research report on Thursday, January 2nd. Morgan Stanley lowered their price objective on First Solar from $329.00 to $297.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. The Goldman Sachs Group reduced their target price on shares of First Solar from $311.00 to $279.00 and set a "buy" rating on the stock in a report on Wednesday, October 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $260.00 price target (down previously from $286.00) on shares of First Solar in a report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $276.38.

First Solar Stock Performance

NASDAQ FSLR traded down $8.70 on Friday, reaching $155.39. The stock had a trading volume of 3,874,743 shares, compared to its average volume of 2,255,603. The stock has a market cap of $16.64 billion, a P/E ratio of 13.38, a price-to-earnings-growth ratio of 0.18 and a beta of 1.47. First Solar, Inc. has a 12-month low of $141.70 and a 12-month high of $306.77. The business's 50-day moving average price is $176.11 and its 200 day moving average price is $200.39. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14.

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.