First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Motley Fool Asset Management LLC

Motley Fool Asset Management LLC lessened its holdings in First Solar, Inc. (NASDAQ:FSLR) by 9.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,732 shares of the solar cell manufacturer’s stock after selling 185 shares during the quarter. Motley Fool Asset Management LLC’s holdings in First Solar were worth $298,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of FSLR. Vanguard Group Inc. increased its holdings in shares of First Solar by 2.4% in the third quarter. Vanguard Group Inc. now owns 12,040,031 shares of the solar cell manufacturer’s stock valued at $1,945,549,000 after purchasing an additional 279,424 shares during the period. Wellington Management Group LLP increased its holdings in First Solar by 10.2% in the 3rd quarter. Wellington Management Group LLP now owns 2,283,705 shares of the solar cell manufacturer’s stock worth $369,024,000 after buying an additional 211,755 shares during the period. Schroder Investment Management Group raised its position in First Solar by 9.4% during the 3rd quarter. Schroder Investment Management Group now owns 2,102,959 shares of the solar cell manufacturer’s stock worth $339,817,000 after buying an additional 181,034 shares during the last quarter. Clean Energy Transition LLP lifted its stake in First Solar by 948.8% during the 3rd quarter. Clean Energy Transition LLP now owns 1,186,646 shares of the solar cell manufacturer’s stock valued at $191,750,000 after acquiring an additional 1,073,500 shares during the period. Finally, Northern Trust Corp boosted its holdings in shares of First Solar by 8.0% in the 3rd quarter. Northern Trust Corp now owns 1,003,771 shares of the solar cell manufacturer’s stock valued at $162,199,000 after acquiring an additional 74,431 shares during the last quarter. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Buying and Selling at First Solar

In other First Solar news, insider Georges Antoun sold 2,400 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $176.00, for a total value of $422,400.00. Following the completion of the transaction, the insider now owns 37,412 shares in the company, valued at $6,584,512. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Georges Antoun sold 2,400 shares of the business’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $176.00, for a total transaction of $422,400.00. Following the completion of the transaction, the insider now directly owns 37,412 shares of the company’s stock, valued at $6,584,512. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Markus Gloeckler sold 679 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $160.00, for a total transaction of $108,640.00. Following the completion of the sale, the chief technology officer now owns 14,473 shares in the company, valued at $2,315,680. The disclosure for this sale can be found here. Insiders sold a total of 26,620 shares of company stock valued at $4,269,540 in the last three months. 0.58% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. Barclays upped their price target on shares of First Solar from $224.00 to $227.00 and gave the company an “overweight” rating in a report on Friday, April 19th. Roth Mkm restated a “buy” rating and issued a $230.00 target price on shares of First Solar in a research note on Thursday, April 18th. Oppenheimer reiterated an “outperform” rating and set a $269.00 price target on shares of First Solar in a research report on Wednesday, April 17th. Bank of America upped their price objective on First Solar from $187.00 to $194.00 and gave the stock a “buy” rating in a research report on Wednesday, April 10th. Finally, Wells Fargo & Company raised shares of First Solar from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $187.00 to $250.00 in a report on Friday, April 19th. Three analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus target price of $231.36.

First Solar Trading Up 2.1 %

Shares of FSLR opened at $178.73 on Friday. The company has a current ratio of 3.55, a quick ratio of 2.92 and a debt-to-equity ratio of 0.07. The firm has a 50-day moving average price of $163.40 and a 200 day moving average price of $157.20. First Solar, Inc. has a 12-month low of $129.21 and a 12-month high of $232.00. The firm has a market capitalization of $19.13 billion, a P/E ratio of 23.09, a P/E/G ratio of 0.30 and a beta of 1.41.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 EPS for the quarter, beating the consensus estimate of $3.19 by $0.06. First Solar had a return on equity of 13.80% and a net margin of 25.03%. The business had revenue of $1.16 billion for the quarter, compared to analyst estimates of $1.31 billion. During the same quarter in the prior year, the company posted ($0.07) EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts forecast that First Solar, Inc. will post 13.55 EPS for the current year.

First Solar 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.