Commonwealth Equity Services LLC Sells 9,364 Shares of First Solar, Inc. (NASDAQ:FSLR)

Commonwealth Equity Services LLC decreased its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 18.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 40,544 shares of the solar cell manufacturer's stock after selling 9,364 shares during the quarter. Commonwealth Equity Services LLC's holdings in First Solar were worth $7,145,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in FSLR. Larson Financial Group LLC grew its position in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer's stock worth $39,000 after buying an additional 107 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of First Solar by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock valued at $47,000 after purchasing an additional 63 shares during the period. Crews Bank & Trust acquired a new position in shares of First Solar in the fourth quarter valued at $53,000. Hudson Edge Investment Partners Inc. acquired a new position in shares of First Solar in the fourth quarter valued at $53,000. Finally, Financial Avengers Inc. acquired a new stake in First Solar during the third quarter worth $77,000. Institutional investors and hedge funds own 92.08% of the company's stock.

Insider Buying and Selling at First Solar

In other news, CEO Mark R. Widmar sold 21,542 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $141.09, for a total value of $3,039,360.78. Following 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 document filed with the SEC, which is available through this hyperlink. Also, insider Georges Antoun sold 229 shares of First Solar stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $30,628.75. Following the sale, the insider now directly owns 52,836 shares of the company's stock, 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. Over the last ninety days, insiders have sold 34,311 shares of company stock valued at $4,767,158. 0.58% of the stock is currently owned by insiders.

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First Solar Trading Down 1.9 %

Shares of FSLR stock traded down $2.50 on Monday, reaching $128.82. 3,861,911 shares of the stock were exchanged, compared to its average volume of 2,580,330. The stock has a 50 day moving average price of $156.26 and a 200 day moving average price of $187.86. The stock has a market cap of $13.79 billion, a PE ratio of 11.10, a P/E/G ratio of 0.19 and a beta of 1.52. First Solar, Inc. has a one year low of $124.96 and a one year high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share 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 firm had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. Equities research analysts forecast that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FSLR. Seaport Res Ptn upgraded shares of First Solar from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Deutsche Bank Aktiengesellschaft set a $265.00 price target on shares of First Solar in a research report on Thursday, February 27th. Morgan Stanley decreased their price objective on First Solar from $297.00 to $238.00 and set an "overweight" rating on the stock in a report on Thursday, February 27th. Royal Bank of Canada dropped their target price on First Solar from $280.00 to $251.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Finally, Piper Sandler decreased their price target on First Solar from $250.00 to $230.00 and set an "overweight" rating on the stock in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, First Solar presently has an average rating of "Moderate Buy" and a consensus target price of $262.08.

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.