US Bancorp DE Has $4.12 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

US Bancorp DE reduced its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 10.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,356 shares of the solar cell manufacturer's stock after selling 2,757 shares during the period. US Bancorp DE's holdings in First Solar were worth $4,116,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in 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 valued at $1,236,383,000 after purchasing an additional 108,984 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of First Solar by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer's stock worth $647,440,000 after buying an additional 24,143 shares during the last quarter. Wellington Management Group LLP lifted its position in shares of 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 buying an additional 904,498 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its position in shares of 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 worth $434,977,000 after buying an additional 15,890 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of First Solar by 7.3% in 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 buying an additional 90,249 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

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First Solar Price Performance

NASDAQ FSLR traded up $8.00 on Friday, reaching $139.13. The company's stock had a trading volume of 3,456,379 shares, compared to its average volume of 2,725,569. First Solar, Inc. has a twelve month low of $124.96 and a twelve month high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The stock has a market cap of $14.90 billion, a PE ratio of 11.98, a PEG ratio of 0.19 and a beta of 1.52. The firm's 50 day moving average is $167.95 and its two-hundred day moving average is $195.40.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on FSLR. Royal Bank of Canada reduced their price target on shares of First Solar from $280.00 to $251.00 and set an "outperform" rating on the stock in a research report on Wednesday, February 26th. Piper Sandler reduced their price objective on First Solar from $250.00 to $230.00 and set an "overweight" rating for the company in a research report on Wednesday, February 26th. Bank of America reduced their price objective on First Solar from $246.00 to $236.00 and set a "buy" rating for the company in a research report on Tuesday, January 28th. Morgan Stanley reduced their price objective on First Solar from $297.00 to $238.00 and set an "overweight" rating for the company in a research report on Thursday, February 27th. Finally, UBS Group reduced their price objective on First Solar from $360.00 to $285.00 and set a "buy" rating for the company in a research report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, First Solar currently has an average rating of "Moderate Buy" and an average price target of $262.08.

Insider Activity at First Solar

In other First Solar news, insider Kuntal Kumar Verma sold 7,475 shares of the business's stock in a transaction on Friday, February 28th. The shares were sold at an average price of $136.60, for a total transaction of $1,021,085.00. Following the sale, the insider now directly owns 3,549 shares of the company's stock, valued at $484,793.40. The trade was a 67.81 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Mark R. Widmar sold 21,542 shares of the firm's 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 sale, the chief executive officer now directly owns 103,403 shares of the company's stock, valued at approximately $14,589,129.27. This trade represents a 17.24 % decrease in their position. The disclosure for this sale can be found here. 0.58% of the stock is owned by insiders.

First Solar 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.