Dnca Finance Raises Holdings in First Solar, Inc. (NASDAQ:FSLR)

Dnca Finance boosted its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 16.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,647 shares of the solar cell manufacturer's stock after buying an additional 5,147 shares during the quarter. Dnca Finance's holdings in First Solar were worth $6,459,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in FSLR. Virtu Financial LLC grew its holdings in shares of First Solar by 38.5% in the third quarter. Virtu Financial LLC now owns 8,041 shares of the solar cell manufacturer's stock worth $2,006,000 after purchasing an additional 2,235 shares during the last quarter. Morse Asset Management Inc grew its stake in shares of First Solar by 10.7% in the third quarter. Morse Asset Management Inc now owns 12,449 shares of the solar cell manufacturer's stock worth $3,105,000 after purchasing an additional 1,199 shares during the last quarter. Blankinship & Foster LLC purchased a new position in First Solar during the 3rd quarter valued at about $935,000. Peapack Gladstone Financial Corp raised its position in First Solar by 33.3% during the 3rd quarter. Peapack Gladstone Financial Corp now owns 24,553 shares of the solar cell manufacturer's stock valued at $6,125,000 after purchasing an additional 6,135 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of First Solar by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 131,634 shares of the solar cell manufacturer's stock worth $32,835,000 after buying an additional 12,439 shares during the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at First Solar

In other First Solar news, insider Georges Antoun sold 229 shares of the 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 completion of the sale, the insider now owns 52,836 shares in the company, valued at approximately $7,066,815. This represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Markus Gloeckler sold 380 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $133.75, for a total value of $50,825.00. Following the completion of the transaction, the chief technology officer now owns 17,594 shares in the company, valued at $2,353,197.50. The trade was a 2.11 % 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 valued at $4,767,158 over the last three months. Corporate insiders own 0.48% of the company's stock.

First Solar Stock Performance

FSLR traded up $5.85 during trading on Thursday, hitting $136.95. The company's stock had a trading volume of 1,487,344 shares, compared to its average volume of 2,763,915. The business's 50 day simple moving average is $134.34 and its 200-day simple moving average is $170.31. The firm has a market cap of $14.66 billion, a PE ratio of 11.82, a P/E/G 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 quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $1.48 billion. As a group, sell-side analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on FSLR. Guggenheim cut their price target on shares of First Solar from $304.00 to $253.00 and set a "buy" rating on the stock in a report on Monday, April 7th. Morgan Stanley reduced their price target on shares of First Solar from $297.00 to $238.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Redburn Atlantic assumed coverage on First Solar in a research report on Monday, March 3rd. They set a "neutral" rating on the stock. Piper Sandler decreased their target price on First Solar from $230.00 to $205.00 and set an "overweight" rating for the company in a research report on Monday. Finally, StockNews.com upgraded First Solar from a "sell" rating to a "hold" rating in a research report on Thursday, January 2nd. Four 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. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $250.58.

About First Solar

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.