First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Savant Capital LLC

Savant Capital LLC lessened its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 22.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,092 shares of the solar cell manufacturer's stock after selling 2,100 shares during the quarter. Savant Capital LLC's holdings in First Solar were worth $1,250,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in shares of First Solar by 2.2% during the third quarter. State Street Corp now owns 4,956,633 shares of the solar cell manufacturer's stock worth $1,236,383,000 after buying an additional 108,984 shares in the last quarter. Geode Capital Management LLC boosted its position in First Solar by 0.9% during the third quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer's stock worth $647,440,000 after acquiring an additional 24,143 shares during the last quarter. Wellington Management Group LLP grew its stake in First Solar by 75.8% in the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock worth $523,166,000 after acquiring an additional 904,498 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its holdings in First Solar by 0.9% in the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 1,743,813 shares of the solar cell manufacturer's stock valued at $434,977,000 after acquiring an additional 15,890 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of First Solar by 7.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,330,675 shares of the solar cell manufacturer's stock worth $331,924,000 after purchasing an additional 90,249 shares during the period. Institutional investors and hedge funds own 92.08% of the company's stock.

First Solar Stock Down 0.4 %

Shares of NASDAQ FSLR traded down $0.58 during trading on Monday, reaching $159.76. 1,404,950 shares of the stock were exchanged, compared to its average volume of 2,265,855. The company has a market capitalization of $17.10 billion, a price-to-earnings ratio of 13.76, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The business's 50-day moving average price is $179.22 and its 200 day moving average price is $201.63. 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, Inc. has a twelve month low of $141.70 and a twelve month high of $306.77.

Analyst Ratings Changes

A number of equities research analysts have recently commented on FSLR shares. Morgan Stanley lowered their price objective on First Solar from $329.00 to $297.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Bank of America dropped 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. Seaport Res Ptn upgraded shares of First Solar from a "hold" rating to a "strong-buy" rating in a report on Wednesday, January 15th. Mizuho upgraded shares of First Solar from a "neutral" rating to an "outperform" rating and boosted their target price for the company from $218.00 to $259.00 in a report on Tuesday, February 11th. Finally, The Goldman Sachs Group cut their price target on shares of First Solar from $311.00 to $279.00 and set a "buy" rating on the stock in a research note on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $276.38.

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.