Barlow Wealth Partners Inc. Has $1.56 Million Holdings in First Solar, Inc. (NASDAQ:FSLR)

Barlow Wealth Partners Inc. cut its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 41.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,050 shares of the solar cell manufacturer's stock after selling 5,000 shares during the period. Barlow Wealth Partners Inc.'s holdings in First Solar were worth $1,560,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of First Solar in the 4th quarter worth $26,000,000. Russell Investments Group Ltd. raised its stake in First Solar by 23.2% during the 4th quarter. Russell Investments Group Ltd. now owns 75,805 shares of the solar cell manufacturer's stock worth $13,088,000 after buying an additional 14,264 shares during the period. Fisher Asset Management LLC raised its stake in First Solar by 9.1% during the 4th quarter. Fisher Asset Management LLC now owns 39,280 shares of the solar cell manufacturer's stock worth $6,767,000 after buying an additional 3,275 shares during the period. Westover Capital Advisors LLC acquired a new stake in First Solar during the 4th quarter worth $343,000. Finally, Benjamin F. Edwards & Company Inc. raised its stake in shares of First Solar by 14.2% in the 4th quarter. Benjamin F. Edwards & Company Inc. now owns 691 shares of the solar cell manufacturer's stock valued at $119,000 after purchasing an additional 86 shares during the period. 92.08% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Patrick James Buehler sold 8,619 shares of First Solar stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the sale, the insider now owns 3,468 shares of the company's stock, valued at approximately $769,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CAO Byron Michael Jeffers sold 500 shares of the business's stock in a transaction on Monday, August 12th. The shares were sold at an average price of $220.00, for a total transaction of $110,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Patrick James Buehler sold 8,619 shares of the business's stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the transaction, the insider now owns 3,468 shares of the company's stock, valued at $769,896. The disclosure for this sale can be found here. In the last quarter, insiders have sold 12,506 shares of company stock valued at $2,827,217. 0.58% of the stock is owned by company insiders.

First Solar Stock Performance

Shares of NASDAQ:FSLR traded up $4.27 during mid-day trading on Friday, reaching $227.37. The company had a trading volume of 1,235,344 shares, compared to its average volume of 2,420,586. The company has a current ratio of 2.23, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. The firm has a market cap of $24.34 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 0.37 and a beta of 1.44. The company's 50-day moving average price is $224.43 and its 200-day moving average price is $204.99. First Solar, Inc. has a one year low of $129.21 and a one year high of $306.77.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 EPS for the quarter, topping analysts' consensus estimates of $2.69 by $0.56. The company had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $939.71 million. First Solar had a net margin of 31.98% and a return on equity of 17.73%. First Solar's revenue was up 24.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.85 EPS. As a group, equities research analysts anticipate that First Solar, Inc. will post 13.53 EPS for the current fiscal year.

Analyst Ratings Changes

FSLR has been the topic of several recent research reports. Roth Mkm reissued a "buy" rating and issued a $320.00 price target (up previously from $230.00) on shares of First Solar in a research note on Friday, May 31st. Susquehanna lifted their price target on First Solar from $258.00 to $285.00 and gave the company a "positive" rating in a research note on Wednesday, July 3rd. Oppenheimer lifted their price target on First Solar from $325.00 to $326.00 and gave the company an "outperform" rating in a research note on Wednesday, July 31st. UBS Group lifted their price target on First Solar from $350.00 to $360.00 and gave the company a "buy" rating in a research note on Wednesday, July 31st. Finally, Mizuho reissued a "neutral" rating and issued a $274.00 price target (up previously from $209.00) on shares of First Solar in a research note on Thursday, May 30th. Five analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $275.36.

About First Solar

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.

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