XTX Topco Ltd Cuts Stake in First Solar, Inc. (NASDAQ:FSLR)

XTX Topco Ltd trimmed its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 88.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,207 shares of the solar cell manufacturer's stock after selling 9,210 shares during the quarter. XTX Topco Ltd's holdings in First Solar were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in FSLR. Massmutual Trust Co. FSB ADV grew its position in shares of First Solar by 14.5% in the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 356 shares of the solar cell manufacturer's stock worth $89,000 after buying an additional 45 shares during the last quarter. Davis Investment Partners LLC lifted its stake in First Solar by 0.6% in the third quarter. Davis Investment Partners LLC now owns 7,698 shares of the solar cell manufacturer's stock worth $1,805,000 after acquiring an additional 46 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in First Solar by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,172 shares of the solar cell manufacturer's stock valued at $2,068,000 after acquiring an additional 49 shares in the last quarter. Gilman Hill Asset Management LLC increased its position in First Solar by 2.8% during the 3rd quarter. Gilman Hill Asset Management LLC now owns 1,825 shares of the solar cell manufacturer's stock valued at $455,000 after purchasing an additional 50 shares during the period. Finally, Covestor Ltd lifted its position in shares of First Solar by 6.4% in the 3rd quarter. Covestor Ltd now owns 916 shares of the solar cell manufacturer's stock worth $229,000 after purchasing an additional 55 shares during the period. Hedge funds and other institutional investors own 92.08% of the company's stock.

Analyst Ratings Changes

FSLR has been the topic of several research analyst reports. Citigroup upgraded shares of First Solar from a "neutral" rating to a "buy" rating and boosted their price target for the company from $200.00 to $254.00 in a research report on Tuesday, October 22nd. Roth Mkm reduced their target price on First Solar from $320.00 to $280.00 and set a "buy" rating on the stock in a report on Tuesday, October 15th. Barclays lowered their target price on First Solar from $290.00 to $275.00 and set an "overweight" rating for the company in a research note on Wednesday, November 13th. Robert W. Baird reduced their price target on First Solar from $307.00 to $267.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Mizuho lowered their price objective on First Solar from $274.00 to $257.00 and set a "neutral" rating for the company in a research report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $279.04.

First Solar Stock Performance

Shares of FSLR opened at $188.27 on Wednesday. The business has a 50-day simple moving average of $198.01 and a two-hundred day simple moving average of $221.87. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 52 week low of $135.88 and a 52 week high of $306.77. The stock has a market cap of $20.16 billion, a price-to-earnings ratio of 16.22, a PEG ratio of 0.35 and a beta of 1.46.

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 (EPS) for the quarter, missing analysts' consensus estimates of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The company had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the firm posted $2.50 earnings per share. The company's revenue was up 10.7% compared to the same quarter last year. On average, analysts expect that First Solar, Inc. will post 13.15 EPS for the current year.

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.