Signaturefd LLC Has $156,000 Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Signaturefd LLC trimmed its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 72.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 883 shares of the solar cell manufacturer's stock after selling 2,312 shares during the quarter. Signaturefd LLC's holdings in First Solar were worth $156,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of FSLR. Larson Financial Group LLC raised its holdings in shares of First Solar by 214.0% in the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer's stock worth $39,000 after buying an additional 107 shares in the last quarter. Smartleaf Asset Management LLC grew its position in First Solar by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock valued at $47,000 after acquiring an additional 63 shares during the period. Crews Bank & Trust acquired a new position in First Solar during the fourth quarter worth $53,000. Hudson Edge Investment Partners Inc. bought a new position in shares of First Solar during the fourth quarter valued at $53,000. Finally, Financial Avengers Inc. acquired a new stake in shares of First Solar in the 3rd quarter valued at $77,000. 92.08% of the stock is owned by institutional investors.

Insider Buying and Selling at First Solar

In related news, insider Georges Antoun sold 229 shares of First Solar stock in a transaction that occurred 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 sale, the insider now owns 52,836 shares of the company's stock, valued at approximately $7,066,815. This trade represents 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 hyperlink. Also, insider Kuntal Kumar Verma sold 7,475 shares of the company'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 transaction, the insider now directly owns 3,549 shares of the company's stock, valued at approximately $484,793.40. This trade represents a 67.81 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 34,311 shares of company stock valued at $4,767,158. 0.58% of the stock is currently owned by corporate insiders.

Remove Ads

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of First Solar from $282.00 to $268.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Royal Bank of Canada cut their target price on shares of First Solar from $280.00 to $251.00 and set an "outperform" rating for the company in a research note on Wednesday, February 26th. Bank of America reduced their target price on First Solar from $246.00 to $236.00 and set a "buy" rating on the stock in a report on Tuesday, January 28th. BMO Capital Markets reaffirmed an "outperform" rating and set a $230.00 price target (down from $260.00) on shares of First Solar in a report on Wednesday, February 26th. Finally, Redburn Atlantic started coverage on First Solar in a research note on Monday, March 3rd. They issued a "neutral" rating on the stock. Four research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $262.08.

First Solar Trading Up 2.0 %

FSLR traded up $2.64 during mid-day trading on Tuesday, hitting $131.46. The stock had a trading volume of 3,762,332 shares, compared to its average volume of 2,584,768. The firm has a market capitalization of $14.07 billion, a price-to-earnings ratio of 11.32, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52. First Solar, Inc. has a 1-year low of $124.96 and a 1-year high of $306.77. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44. The stock's fifty day simple moving average is $154.08 and its 200-day simple moving average is $186.71.

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

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.