Parametrica Management Ltd Sells 10,385 Shares of First Solar, Inc. (NASDAQ:FSLR)

Parametrica Management Ltd lessened its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 72.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,962 shares of the solar cell manufacturer's stock after selling 10,385 shares during the period. First Solar makes up about 0.9% of Parametrica Management Ltd's investment portfolio, making the stock its 20th biggest holding. Parametrica Management Ltd's holdings in First Solar were worth $698,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wellington Management Group LLP lifted its holdings in shares of First Solar by 75.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock valued at $523,166,000 after purchasing an additional 904,498 shares in the last quarter. Mirova US LLC raised its holdings in First Solar by 961.0% during the 4th quarter. Mirova US LLC now owns 646,310 shares of the solar cell manufacturer's stock worth $113,906,000 after buying an additional 585,394 shares during the period. Amundi boosted its holdings in shares of First Solar by 31.0% in the fourth 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 during the period. Merewether Investment Management LP boosted its holdings in shares of First Solar by 993.4% in the third quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer's stock valued at $80,553,000 after buying an additional 293,400 shares during the period. Finally, Erste Asset Management GmbH acquired a new stake in shares of First Solar during the third quarter worth $67,652,000. Institutional investors and hedge funds own 92.08% of the company's stock.

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Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Seaport Res Ptn upgraded First Solar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. BMO Capital Markets reissued an "outperform" rating and issued a $230.00 price objective (down previously from $260.00) on shares of First Solar in a research report on Wednesday, February 26th. Bank of America reduced their price objective on shares of First Solar from $246.00 to $236.00 and set a "buy" rating for the company in a research note on Tuesday, January 28th. UBS Group lowered their target price on First Solar from $360.00 to $285.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th. Finally, Roth Mkm restated a "buy" rating and issued a $280.00 price target on shares of First Solar in a research note on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, First Solar presently has an average rating of "Moderate Buy" and an average target price of $262.08.

First Solar Price Performance

Shares of NASDAQ:FSLR traded up $0.72 during trading on Friday, hitting $127.32. 3,085,547 shares of the company were exchanged, compared to its average volume of 2,643,007. The company has a market capitalization of $13.63 billion, a P/E ratio of 10.97, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52. First Solar, Inc. has a 1-year low of $124.32 and a 1-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. The business's 50 day moving average is $150.28 and its 200-day moving average is $185.17.

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

Insider Activity

In other First Solar news, insider Georges Antoun sold 229 shares of First Solar stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $133.75, for a total transaction of $30,628.75. Following the transaction, the insider now directly owns 52,836 shares of the company's stock, valued at approximately $7,066,815. The trade was a 0.43 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alexander R. Bradley sold 599 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $133.75, for a total value of $80,116.25. Following the completion of the sale, the chief financial officer now directly owns 45,717 shares of the company's stock, valued at approximately $6,114,648.75. The trade was a 1.29 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,311 shares of company stock valued at $4,767,158. Insiders own 0.58% of the company's stock.

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.