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

International Assets Investment Management LLC lowered its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 99.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 1,080 shares of the solar cell manufacturer's stock after selling 216,432 shares during the quarter. International Assets Investment Management LLC's holdings in First Solar were worth $201,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of FSLR. Legend Financial Advisors Inc. raised its holdings in shares of First Solar by 2.8% during the fourth quarter. Legend Financial Advisors Inc. now owns 4,662 shares of the solar cell manufacturer's stock worth $822,000 after purchasing an additional 125 shares during the last quarter. Doliver Advisors LP increased its holdings in First Solar by 1.2% in the fourth quarter. Doliver Advisors LP now owns 4,713 shares of the solar cell manufacturer's stock valued at $831,000 after buying an additional 56 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of First Solar by 21.2% during the 4th quarter. GAMMA Investing LLC now owns 2,254 shares of the solar cell manufacturer's stock worth $397,000 after acquiring an additional 395 shares in the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of First Solar during the 3rd quarter valued at about $18,406,000. Finally, Franklin Resources Inc. increased its stake in shares of First Solar by 10.4% in the 3rd quarter. Franklin Resources Inc. now owns 131,634 shares of the solar cell manufacturer's stock valued at $32,835,000 after purchasing an additional 12,439 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

First Solar Stock Up 0.9 %

FSLR traded up $1.74 on Tuesday, hitting $185.35. 1,215,138 shares of the company were exchanged, compared to its average volume of 1,660,118. The firm has a 50-day moving average price of $191.07 and a two-hundred day moving average price of $210.62. 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 company has a market cap of $19.84 billion, a price-to-earnings ratio of 15.96, a price-to-earnings-growth ratio of 0.35 and a beta of 1.49.

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

Wall Street Analyst Weigh In

FSLR has been the subject of several research reports. Bank of America dropped their price objective on shares of First Solar from $321.00 to $269.00 and set a "buy" rating for the company in a research note on Wednesday, October 30th. Guggenheim dropped their price target on First Solar from $368.00 to $335.00 and set a "buy" rating for the company in a research report on Wednesday, October 30th. Citigroup upgraded First Solar from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Evercore ISI dropped their target price on First Solar from $281.00 to $278.00 and set an "outperform" rating for the company in a report on Wednesday, October 30th. Finally, Barclays reduced their price target on First Solar from $290.00 to $275.00 and set an "overweight" rating on the stock in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $277.75.

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.