First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. boosted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 105.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,210 shares of the solar cell manufacturer's stock after buying an additional 2,675 shares during the quarter. Avantax Advisory Services Inc.'s holdings in First Solar were worth $918,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Wellington Management Group LLP boosted its holdings in First Solar by 75.8% in the third quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock valued at $523,166,000 after purchasing an additional 904,498 shares during the last quarter. Amundi grew its holdings in First Solar by 31.0% during the fourth quarter. Amundi now owns 1,805,244 shares of the solar cell manufacturer's stock worth $336,871,000 after acquiring an additional 426,797 shares during the period. Merewether Investment Management LP raised its position in First Solar by 993.4% during the third quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer's stock valued at $80,553,000 after acquiring an additional 293,400 shares in the last quarter. Erste Asset Management GmbH acquired a new position in First Solar in the third quarter valued at approximately $67,652,000. Finally, Handelsbanken Fonder AB boosted its position in First Solar by 110.4% in the 4th quarter. Handelsbanken Fonder AB now owns 375,010 shares of the solar cell manufacturer's stock worth $66,092,000 after purchasing an additional 196,744 shares in the last quarter. Institutional investors and hedge funds own 92.08% of the company's stock.

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Insider Transactions at First Solar

In related news, CEO Mark R. Widmar sold 21,542 shares of First Solar stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.09, for a total value of $3,039,360.78. Following the completion of the transaction, the chief executive officer now owns 103,403 shares in the company, valued at approximately $14,589,129.27. The trade was a 17.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Georges Antoun sold 229 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $133.75, for a total transaction of $30,628.75. Following the sale, the insider now owns 52,836 shares in the company, valued at approximately $7,066,815. This trade represents a 0.43 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 34,311 shares of company stock worth $4,767,158 over the last ninety days. Company insiders own 0.58% of the company's stock.

First Solar Trading Down 1.9 %

FSLR traded down $2.50 on Monday, hitting $128.82. The company had a trading volume of 3,861,911 shares, compared to its average volume of 2,580,330. The company's fifty day moving average price is $156.26 and its 200 day moving average price is $187.86. First Solar, Inc. has a 1 year low of $124.96 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. The firm has a market cap of $13.79 billion, a P/E ratio of 11.10, a PEG ratio of 0.19 and a beta of 1.52.

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

Wall Street Analyst Weigh In

Several research firms recently commented on FSLR. Redburn Atlantic assumed coverage on shares of First Solar in a research report on Monday, March 3rd. They set a "neutral" rating on the stock. Truist Financial restated a "buy" rating and issued a $285.00 price target (down previously from $300.00) on shares of First Solar in a research note on Wednesday, February 26th. Roth Mkm reissued a "buy" rating and issued a $280.00 price objective on shares of First Solar in a report on Wednesday, February 26th. Bank of America reduced their target price on First Solar from $246.00 to $236.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. Finally, Guggenheim dropped their price target on shares of First Solar from $335.00 to $304.00 and set a "buy" rating on the stock in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, First Solar presently has an average rating of "Moderate Buy" and a consensus target price of $262.08.

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.