2 weeks Ago By ABMN Staff
Dai ichi Life Insurance Company Ltd boosted its holdings in shares of First Solar, Inc. ( NASDAQ:FSLR – Free Report ) by 212.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission.
The firm owned 8,825 shares of the solar cell manufacturer’s stock after acquiring an additional 6,000 shares during the quarter. Dai ichi Life Insurance Company Ltd’s holdings in First Solar were worth $1,990,000 at the end of the most recent quarter. Other institutional investors and hedge funds also recently bought and sold shares of the company.
Oregon Public Employees Retirement Fund grew its stake 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 purchasing an additional 49 shares in the last quarter.
Cambridge Trust Co. increased its holdings in First Solar by 1.6% in the first quarter.
Cambridge Trust Co. now owns 3,232 shares of the solar cell manufacturer’s stock worth $546,000 after buying an additional 50 shares during the last quarter. Great Diamond Partners LLC raised its position in First Solar by 3.
8% during the first quarter. Great Diamond Partners LLC now owns 1,463 shares of the solar cell manufacturer’s stock valued at $247,000 after acquiring an additional 53 shares in the last quarter. Massmutual Trust Co.
FSB ADV lifted its stake in First Solar by 24.9% in the second quarter. Massmutual Trust Co.
FSB ADV now owns 311 shares of the solar cell manufacturer’s stock valued at $70,000 after acquiring an additional 62 shares during the last quarter. Finally, Family Legacy Inc. grew its position in First Solar by 1.
4% in the first quarter. Family Legacy Inc. now owns 4,950 shares of the solar cell manufacturer’s stock worth $836,000 after acquiring an additional 69 shares in the last quarter.
Hedge funds and other institutional investors own 92.08% of the company’s stock. First Solar Stock Down 3.
0 % Shares of NASDAQ:FSLR opened at $228.79 on Monday. The company’s fifty day moving average is $221.
07 and its 200-day moving average is $210.57. The company has a debt-to-equity ratio of 0.
06, a quick ratio of 1.65 and a current ratio of 2.23.
First Solar, Inc. has a 52 week low of $129.21 and a 52 week high of $306.
77. The company has a market capitalization of $24.49 billion, a PE ratio of 23.
98, a P/E/G ratio of 0.40 and a beta of 1.44.
Insider Buying and Selling at First Solar In other news, CAO Byron Michael Jeffers sold 1,766 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $216.50, for a total transaction of $382,339.
00. Following the sale, the chief accounting officer now owns 500 shares in the company, valued at $108,250. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website .
In other First Solar news, insider Kuntal Kumar Verma sold 1,621 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $260.00, for a total transaction of $421,460.
00. Following the transaction, the insider now owns 3,549 shares of the company’s stock, valued at approximately $922,740. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link .
Also, CAO Byron Michael Jeffers sold 1,766 shares of the stock in a transaction on Wednesday, August 7th. The shares were sold at an average price of $216.50, for a total value of $382,339.
00. Following the completion of the transaction, the chief accounting officer now owns 500 shares in the company, valued at $108,250. The disclosure for this sale can be found here .
In the last quarter, insiders sold 12,506 shares of company stock worth $2,827,217. 0.58% of the stock is currently owned by insiders.
Analyst Ratings Changes Several research firms recently issued reports on FSLR. Janney Montgomery Scott lowered shares of First Solar from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 18th. Mizuho reiterated a “neutral” rating and set a $274.
00 price target (up previously from $209.00) on shares of First Solar in a research note on Thursday, May 30th. The Goldman Sachs Group raised their price objective on First Solar from $268.
00 to $302.00 and gave the company a “buy” rating in a research note on Tuesday, June 4th. Barclays upped their target price on First Solar from $280.
00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, Piper Sandler boosted their price objective on shares of First Solar from $219.
00 to $250.00 and gave the stock an “overweight” rating in a research note on Monday, July 22nd. Five research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock.
According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $277.25. View Our Latest Report on FSLR First Solar Company Profile ( 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. See Also Want to see what other hedge funds are holding FSLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Solar, Inc.
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