Nvwm LLC Acquires 6,104 Shares of First Solar, Inc. (NASDAQ:FSLR)

Nvwm LLC boosted its stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 122,080.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,109 shares of the solar cell manufacturer's stock after acquiring an additional 6,104 shares during the period. Nvwm LLC's holdings in First Solar were worth $1,524,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of FSLR. AlphaMark Advisors LLC acquired a new stake in First Solar during the 3rd quarter worth $25,000. Atlas Capital Advisors LLC boosted its stake in shares of First Solar by 411.1% during the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer's stock worth $31,000 after buying an additional 111 shares during the period. Summit Securities Group LLC purchased a new position in shares of First Solar during the second quarter worth about $36,000. Itau Unibanco Holding S.A. acquired a new position in First Solar in the 2nd quarter valued at about $38,000. Finally, Alta Advisers Ltd acquired a new stake in First Solar during the 2nd quarter worth approximately $45,000. Institutional investors and hedge funds own 92.08% of the company's stock.

First Solar Trading Up 5.4 %

NASDAQ FSLR traded up $10.46 during trading hours on Friday, hitting $204.94. 2,838,776 shares of the company's stock were exchanged, compared to its average volume of 2,925,794. The business's 50 day moving average is $221.68 and its 200-day moving average is $224.28. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.65 and a current ratio of 2.14. First Solar, Inc. has a 12-month low of $129.21 and a 12-month high of $306.77. The firm has a market capitalization of $21.94 billion, a P/E ratio of 17.65, a price-to-earnings-growth ratio of 0.34 and a beta of 1.48.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company 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 earned $2.50 earnings per share. The company's revenue was up 10.7% on a year-over-year basis. As a group, analysts anticipate that First Solar, Inc. will post 13.12 EPS for the current fiscal year.

Insider Buying and Selling at First Solar

In other First Solar news, CAO Byron Michael Jeffers sold 1,766 shares of the business's stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $216.50, for a total transaction of $382,339.00. Following the completion of the sale, the chief accounting officer now owns 500 shares of the company's stock, valued at approximately $108,250. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CAO Byron Michael Jeffers sold 1,766 shares of the firm's stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $216.50, for a total value of $382,339.00. Following the transaction, the chief accounting officer now owns 500 shares in the company, valued at approximately $108,250. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Patrick James Buehler sold 8,619 shares of the business's stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $222.00, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 10,885 shares of company stock worth $2,405,757 in the last quarter. 0.58% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. UBS Group lifted their price objective on shares of First Solar from $350.00 to $360.00 and gave the company a "buy" rating in a research report on Wednesday, July 31st. The Goldman Sachs Group lowered their target price on shares of First Solar from $311.00 to $279.00 and set a "buy" rating on the stock in a report on Wednesday. Clarkson Capital began coverage on shares of First Solar in a report on Wednesday, August 14th. They set a "buy" rating and a $270.00 price target for the company. StockNews.com lowered First Solar from a "hold" rating to a "sell" rating in a report on Thursday. Finally, Roth Mkm dropped their target price on First Solar from $320.00 to $280.00 and set a "buy" rating on the stock in a research report on Tuesday, October 15th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-three have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, First Solar has an average rating of "Moderate Buy" and an average target price of $281.13.

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.