First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 72.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,981 shares of the solar cell manufacturer's stock after selling 10,520 shares during the quarter. Intech Investment Management LLC's holdings in First Solar were worth $993,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Massmutual Trust Co. FSB ADV boosted its holdings in First Solar by 14.5% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer's stock valued at $89,000 after acquiring an additional 45 shares during the period. Davis Investment Partners LLC lifted its holdings in shares of First Solar by 0.6% in the 3rd quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer's stock worth $1,805,000 after buying an additional 46 shares during the period. Oregon Public Employees Retirement Fund lifted its holdings in shares of First Solar by 0.5% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 9,172 shares of the solar cell manufacturer's stock worth $2,068,000 after buying an additional 49 shares during the period. Cambridge Trust Co. lifted its holdings in shares of First Solar by 1.6% in the 1st quarter. Cambridge Trust Co. now owns 3,232 shares of the solar cell manufacturer's stock worth $546,000 after buying an additional 50 shares during the period. Finally, Gilman Hill Asset Management LLC lifted its holdings in shares of First Solar by 2.8% in the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer's stock worth $455,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 92.08% of the company's stock.

First Solar Price Performance

FSLR traded up $0.25 during trading on Thursday, hitting $192.57. The company's stock had a trading volume of 1,713,670 shares, compared to its average volume of 2,524,869. 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 twelve month low of $135.88 and a twelve month high of $306.77. The business's fifty day simple moving average is $209.90 and its 200 day simple moving average is $225.58. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of 16.59, a P/E/G ratio of 0.34 and a beta of 1.48.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. During the same period in the previous year, the business posted $2.50 earnings per share. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts forecast that First Solar, Inc. will post 13.15 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on FSLR shares. Evercore ISI decreased their price objective on First Solar from $281.00 to $278.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Royal Bank of Canada decreased their price objective on First Solar from $315.00 to $280.00 and set an "outperform" rating for the company in a research note on Wednesday, October 30th. Piper Sandler decreased their price objective on First Solar from $245.00 to $210.00 and set an "overweight" rating for the company in a research note on Friday, November 22nd. Barclays decreased their price objective on First Solar from $290.00 to $275.00 and set an "overweight" rating for the company in a research note on Wednesday, November 13th. Finally, Hsbc Global Res raised First Solar to a "strong-buy" rating in a research report on Wednesday, October 9th. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $279.04.

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.