BI Asset Management Fondsmaeglerselskab A S Sells 29,162 Shares of First Solar, Inc. (NASDAQ:FSLR)

BI Asset Management Fondsmaeglerselskab A S lowered its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 33.4% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 58,053 shares of the solar cell manufacturer's stock after selling 29,162 shares during the period. BI Asset Management Fondsmaeglerselskab A S owned 0.05% of First Solar worth $10,231,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FSLR. Norges Bank bought a new position in First Solar in the 4th quarter valued at about $317,399,000. Demars Financial Group LLC lifted its holdings in First Solar by 17,404.5% during the 4th quarter. Demars Financial Group LLC now owns 722,760 shares of the solar cell manufacturer's stock worth $127,379,000 after purchasing an additional 718,631 shares during the last quarter. Mirova US LLC boosted its stake in First Solar by 961.0% in the 4th quarter. Mirova US LLC now owns 646,310 shares of the solar cell manufacturer's stock valued at $113,906,000 after purchasing an additional 585,394 shares during the period. Amundi grew its holdings in First Solar by 31.0% in the 4th quarter. Amundi now owns 1,805,244 shares of the solar cell manufacturer's stock valued at $336,871,000 after buying an additional 426,797 shares in the last quarter. Finally, Wellington Management Group LLP increased its position in First Solar by 12.5% during the 4th quarter. Wellington Management Group LLP now owns 2,359,846 shares of the solar cell manufacturer's stock worth $415,899,000 after buying an additional 262,482 shares during the period. Institutional investors and hedge funds own 92.08% of the company's stock.

Insider Transactions at First Solar

In other news, CTO Markus Gloeckler sold 380 shares of First Solar stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $133.75, for a total transaction of $50,825.00. Following the completion of the transaction, the chief technology officer now directly owns 17,594 shares in the company, valued at $2,353,197.50. This trade represents a 2.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Kuntal Kumar Verma sold 7,475 shares of the firm's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $136.60, for a total transaction of $1,021,085.00. Following the completion of the transaction, the insider now directly owns 3,549 shares in the company, valued at approximately $484,793.40. The trade was a 67.81 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 34,311 shares of company stock valued at $4,767,158 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on FSLR shares. Guggenheim decreased their price target on shares of First Solar from $304.00 to $253.00 and set a "buy" rating on the stock in a research note on Monday, April 7th. StockNews.com raised shares of First Solar from a "sell" rating to a "hold" rating in a report on Thursday, January 2nd. Susquehanna reduced their price target on First Solar from $223.00 to $217.00 and set a "positive" rating on the stock in a research report on Monday, April 14th. Redburn Atlantic started coverage on First Solar in a research note on Monday, March 3rd. They set a "neutral" rating on the stock. Finally, Roth Mkm reiterated a "buy" rating and set a $280.00 target price on shares of First Solar in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, First Solar has an average rating of "Moderate Buy" and a consensus price target of $250.58.

First Solar Trading Up 4.1 %

FSLR stock traded up $5.34 during trading on Thursday, hitting $136.44. The company had a trading volume of 3,239,025 shares, compared to its average volume of 2,770,558. The stock has a market cap of $14.61 billion, a PE ratio of 11.75, a PEG ratio of 0.19 and a beta of 1.48. First Solar, Inc. has a one year low of $116.56 and a one 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 business has a 50-day moving average of $134.34 and a 200-day moving average of $170.31.

First Solar (NASDAQ:FSLR - Get Free Report) last released its earnings results 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). The business 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 predict that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

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.