TD Asset Management Inc Has $6.08 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

TD Asset Management Inc grew its position in First Solar, Inc. (NASDAQ:FSLR) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 32,000 shares of the solar cell manufacturer’s stock after purchasing an additional 300 shares during the period. TD Asset Management Inc’s holdings in First Solar were worth $6,083,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in First Solar by 2.3% during the 1st quarter. BlackRock Inc. now owns 13,656,540 shares of the solar cell manufacturer’s stock worth $2,970,297,000 after buying an additional 308,610 shares in the last quarter. Vanguard Group Inc. lifted its position in First Solar by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 9,171,019 shares of the solar cell manufacturer’s stock worth $767,981,000 after buying an additional 68,131 shares in the last quarter. FMR LLC lifted its position in First Solar by 77.9% during the 1st quarter. FMR LLC now owns 4,786,315 shares of the solar cell manufacturer’s stock worth $1,041,024,000 after buying an additional 2,096,612 shares in the last quarter. State Street Corp lifted its position in First Solar by 4.4% during the 1st quarter. State Street Corp now owns 4,266,552 shares of the solar cell manufacturer’s stock worth $927,972,000 after buying an additional 179,035 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in First Solar by 2.6% during the 1st quarter. Geode Capital Management LLC now owns 2,236,723 shares of the solar cell manufacturer’s stock worth $485,528,000 after buying an additional 56,383 shares in the last quarter. Institutional investors and hedge funds own 82.08% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup cut their target price on shares of First Solar from $200.00 to $185.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 18th. Robert W. Baird upped their target price on shares of First Solar from $229.00 to $246.00 in a research report on Friday, September 8th. UBS Group cut their target price on shares of First Solar from $270.00 to $250.00 and set a “buy” rating on the stock in a research report on Thursday, November 2nd. Susquehanna upped their target price on shares of First Solar from $225.00 to $261.00 and gave the company a “positive” rating in a research report on Friday, July 28th. Finally, TD Cowen upped their target price on shares of First Solar from $250.00 to $293.00 and gave the company an “outperform” rating in a research report on Friday, July 28th. Six investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. According to data from MarketBeat, First Solar has a consensus rating of “Moderate Buy” and a consensus price target of $234.72.

First Solar Stock Performance

Shares of FSLR stock opened at $159.29 on Tuesday. The company has a market capitalization of $17.02 billion, a price-to-earnings ratio of 36.04 and a beta of 1.42. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.45 and a current ratio of 3.19. The company has a 50-day simple moving average of $153.63 and a 200 day simple moving average of $179.39. First Solar, Inc. has a 52 week low of $129.21 and a 52 week high of $232.00.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, October 31st. The solar cell manufacturer reported $2.50 EPS for the quarter, topping the consensus estimate of $2.09 by $0.41. First Solar had a net margin of 14.99% and a return on equity of 8.35%. The business had revenue of $801.09 million during the quarter, compared to the consensus estimate of $904.11 million. During the same quarter in the previous year, the firm posted ($0.46) EPS. First Solar’s revenue was up 27.4% compared to the same quarter last year. On average, sell-side analysts predict that First Solar, Inc. will post 7.97 earnings per share for the current year.

Insiders Place Their Bets

In other First Solar news, insider Kuntal Kumar Verma sold 1,621 shares of First Solar stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $144.16, for a total value of $233,683.36. Following the completion of the sale, the insider now owns 1,621 shares in the company, valued at approximately $233,683.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Alexander R. Bradley sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $158.23, for a total value of $791,150.00. Following the completion of the transaction, the chief financial officer now directly owns 30,419 shares in the company, valued at approximately $4,813,198.37. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Kuntal Kumar Verma sold 1,621 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $144.16, for a total transaction of $233,683.36. Following the completion of the transaction, the insider now owns 1,621 shares of the company’s stock, valued at $233,683.36. The disclosure for this sale can be found here. Insiders sold 12,121 shares of company stock worth $2,049,043 in the last quarter. 0.58% of the stock is currently owned by corporate insiders.

First Solar Profile

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners.