First Solar, Inc. (NASDAQ:FSLR) Holdings Trimmed by Dymon Asia Capital Singapore PTE. LTD.

Dymon Asia Capital Singapore PTE. LTD. decreased its stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 42.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,000 shares of the solar cell manufacturer's stock after selling 3,727 shares during the period. First Solar makes up 0.2% of Dymon Asia Capital Singapore PTE. LTD.'s investment portfolio, making the stock its 29th largest holding. Dymon Asia Capital Singapore PTE. LTD.'s holdings in First Solar were worth $881,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC increased its stake in First Solar by 31.7% in the 4th 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 in the last quarter. Crews Bank & Trust acquired a new position in shares of First Solar during the 4th quarter worth $53,000. Hudson Edge Investment Partners Inc. purchased a new stake in shares of First Solar in the 4th quarter worth about $53,000. CoreFirst Bank & Trust acquired a new stake in First Solar in the 4th quarter valued at about $54,000. Finally, Montag A & Associates Inc. increased its holdings in First Solar by 18.8% during the 4th quarter. Montag A & Associates Inc. now owns 475 shares of the solar cell manufacturer's stock valued at $84,000 after acquiring an additional 75 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on FSLR shares. StockNews.com raised shares of First Solar from a "sell" rating to a "hold" rating in a research note on Thursday, January 2nd. Royal Bank of Canada cut their price target on First Solar from $280.00 to $251.00 and set an "outperform" rating for the company in a report on Wednesday, February 26th. Wells Fargo & Company decreased their price objective on First Solar from $240.00 to $209.00 and set an "overweight" rating on the stock in a research note on Wednesday, January 8th. UBS Group cut their target price on shares of First Solar from $285.00 to $240.00 and set a "buy" rating for the company in a research note on Monday. Finally, Citigroup decreased their price target on shares of First Solar from $254.00 to $236.00 and set a "neutral" rating on the stock in a research note on Wednesday, February 26th. Four equities research 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $251.63.

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First Solar Stock Down 3.4 %

NASDAQ FSLR traded down $4.44 during mid-day trading on Tuesday, reaching $126.82. 2,545,145 shares of the company's stock traded hands, compared to its average volume of 2,735,679. The company has a market cap of $13.58 billion, a price-to-earnings ratio of 10.92, a P/E/G ratio of 0.19 and a beta of 1.48. The company has a fifty day simple moving average of $139.20 and a 200-day simple moving average of $174.76. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 1-year low of $116.56 and a 1-year high of $306.77.

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

Insider Buying and Selling

In related news, insider Kuntal Kumar Verma sold 7,475 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $136.60, for a total value of $1,021,085.00. Following the sale, the insider now directly owns 3,549 shares in the company, valued at $484,793.40. This trade represents a 67.81 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 completion of the transaction, the chief executive officer now directly owns 103,403 shares of the company's stock, valued at approximately $14,589,129.27. The trade was a 17.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,311 shares of company stock worth $4,767,158 in the last three months. 0.58% of the stock is owned by insiders.

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.