New Age Alpha Advisors LLC Invests $533,000 in First Solar, Inc. (NASDAQ:FSLR)

New Age Alpha Advisors LLC bought a new stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 3,027 shares of the solar cell manufacturer's stock, valued at approximately $533,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FSLR. Vanguard Group Inc. raised its position in shares of First Solar by 0.9% during the 4th quarter. Vanguard Group Inc. now owns 12,821,701 shares of the solar cell manufacturer's stock worth $2,259,697,000 after purchasing an additional 120,289 shares during the last quarter. State Street Corp raised its holdings in shares of 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 acquiring 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 third quarter. Geode Capital Management LLC now owns 2,602,503 shares of the solar cell manufacturer's stock valued at $647,440,000 after acquiring an additional 24,143 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of First Solar by 75.8% in the third quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer's stock worth $523,166,000 after acquiring an additional 904,498 shares during the last quarter. Finally, Amundi increased its position in shares of First Solar by 31.0% during the fourth quarter. Amundi now owns 1,805,244 shares of the solar cell manufacturer's stock worth $336,871,000 after purchasing an additional 426,797 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company's stock.

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First Solar Stock Down 5.5 %

Shares of NASDAQ:FSLR traded down $7.54 during trading hours on Friday, reaching $128.69. The stock had a trading volume of 4,687,136 shares, compared to its average volume of 2,686,483. First Solar, Inc. has a 1 year low of $120.60 and a 1 year high of $306.77. The firm's 50 day moving average is $145.44 and its 200-day moving average is $181.88. The stock has a market capitalization of $13.78 billion, a price-to-earnings ratio of 11.08, a P/E/G ratio of 0.19 and a beta of 1.52. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14.

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

Insider Transactions at First Solar

In other First Solar news, CEO Mark R. Widmar sold 21,542 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.09, for a total transaction of $3,039,360.78. Following the sale, the chief executive officer now 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Georges Antoun sold 229 shares of the business's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $133.75, for a total transaction of $30,628.75. Following the sale, the insider now owns 52,836 shares of the company's stock, valued at $7,066,815. This represents a 0.43 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 34,311 shares of company stock valued at $4,767,158. Corporate insiders own 0.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Barclays reduced their target price on shares of First Solar from $273.00 to $236.00 and set an "overweight" rating for the company in a research report on Friday, February 28th. Wells Fargo & Company cut their price target on First Solar from $240.00 to $209.00 and set an "overweight" rating for the company in a report on Wednesday, January 8th. Robert W. Baird dropped their target price on First Solar from $307.00 to $267.00 and set an "outperform" rating for the company in a report on Wednesday, December 18th. Redburn Atlantic assumed coverage on First Solar in a research note on Monday, March 3rd. They issued a "neutral" rating for the company. Finally, Morgan Stanley lowered their price target on shares of First Solar from $297.00 to $238.00 and set an "overweight" rating on the stock in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $260.42.

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.