2 weeks Ago By Defense World Staff
CMG Global Holdings LLC purchased a new stake in First Solar, Inc. ( NASDAQ:FSLR – Free Report ) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,000 shares of the solar cell manufacturer’s stock, valued at approximately $225,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund grew its position 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 during the last quarter. Cambridge Trust Co. grew its position in shares of First Solar by 1.
6% in the 1st quarter. Cambridge Trust Co. now owns 3,232 shares of the solar cell manufacturer’s stock valued at $546,000 after buying an additional 50 shares during the last quarter.
Great Diamond Partners LLC increased its position in First Solar by 3.8% during the 1st quarter. Great Diamond Partners LLC now owns 1,463 shares of the solar cell manufacturer’s stock valued at $247,000 after purchasing an additional 53 shares during the period.
Xponance Inc. increased its position in shares of First Solar by 0.4% during the second quarter.
Xponance Inc. now owns 15,346 shares of the solar cell manufacturer’s stock worth $3,460,000 after buying an additional 56 shares during the period. Finally, Massmutual Trust Co.
FSB ADV grew its holdings in First Solar by 24.9% during the 2nd quarter. Massmutual Trust Co.
FSB ADV now owns 311 shares of the solar cell manufacturer’s stock worth $70,000 after acquiring an additional 62 shares during the period. 92.08% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades A number of equities analysts have issued reports on the company. Robert W. Baird cut their price target on First Solar from $344.
00 to $307.00 and set an “outperform” rating on the stock in a report on Tuesday, July 2nd. Clarkson Capital assumed coverage on shares of First Solar in a research note on Wednesday, August 14th.
They issued a “buy” rating and a $270.00 price objective on the stock. Janney Montgomery Scott downgraded shares of First Solar from a “buy” rating to a “neutral” rating in a research report on Tuesday, June 18th.
Bank of America upped their price target on First Solar from $320.00 to $343.00 and gave the stock a “buy” rating in a report on Monday, September 16th.
Finally, Susquehanna increased their target price on shares of First Solar from $258.00 to $285.00 and gave the company a “positive” rating in a report on Wednesday, July 3rd.
Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $284.
12. First Solar Trading Up 0.0 % NASDAQ FSLR opened at $255.
75 on Monday. The firm has a market cap of $27.38 billion, a PE ratio of 26.
81, a price-to-earnings-growth ratio of 0.42 and a beta of 1.44.
First Solar, Inc. has a 1-year low of $129.21 and a 1-year high of $306.
77. The stock has a 50-day moving average of $225.51 and a 200-day moving average of $216.
60. The company has a current ratio of 2.23, a quick ratio of 1.
65 and a debt-to-equity ratio of 0.06. First Solar ( NASDAQ:FSLR – Get Free Report ) last released its quarterly earnings data on Tuesday, July 30th.
The solar cell manufacturer reported $3.25 earnings per share for the quarter, beating analysts’ consensus estimates of $2.69 by $0.
56. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $939.
71 million. First Solar had a return on equity of 17.73% and a net margin of 31.
98%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year.
During the same quarter in the prior year, the firm posted $1.85 earnings per share. As a group, sell-side analysts forecast that First Solar, Inc.
will post 13.62 EPS for the current year. Insider Activity at First Solar In related news, CAO Byron Michael Jeffers sold 1,766 shares of the business’s stock in a transaction dated Wednesday, August 7th.
The shares were sold at an average price of $216.50, for a total transaction of $382,339.00.
Following the transaction, the chief accounting officer now owns 500 shares in the company, valued at $108,250. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link . In other news, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction on Tuesday, August 13th.
The shares were 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 in the company, valued at approximately $769,896. The sale was disclosed in a document filed with the SEC, which is accessible through this link . Also, CAO Byron Michael Jeffers sold 1,766 shares of the company’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 directly owns 500 shares in the company, valued at $108,250. The disclosure for this sale can be found here . Insiders sold a total of 10,885 shares of company stock worth $2,405,757 over the last quarter.
0.58% of the stock is owned by corporate insiders. About First Solar ( Free Report ) 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. Featured Articles Five stocks we like better than First Solar How to Calculate Return on Investment (ROI) Watch These 3 Former Short-Squeeze Stocks for a Big Rally What Do S&P 500 Stocks Tell Investors About the Market? Simon Property REIT: A Safe Bet for Growth and Steady Dividends Insider Trades May Not Tell You What You Think CarMax’s Impressive Rally: What Investors Should Watch Next Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter .
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