1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC trimmed its holdings in First Solar, Inc. ( NASDAQ:FSLR – Free Report ) by 3.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission.
The fund owned 3,028 shares of the solar cell manufacturer’s stock after selling 110 shares during the period. Orion Portfolio Solutions LLC’s holdings in First Solar were worth $534,000 as of its most recent filing with the Securities & Exchange Commission. A number of other institutional investors and hedge funds have also recently bought and sold shares of the business.
Smartleaf Asset Management LLC increased its stake in shares of First Solar by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after acquiring an additional 63 shares during the last quarter.
Crews Bank & Trust acquired a new stake in First Solar during the fourth quarter worth about $53,000. Hudson Edge Investment Partners Inc. purchased a new position in First Solar during the fourth quarter worth about $53,000.
CoreFirst Bank & Trust acquired a new position in First Solar in the 4th quarter valued at about $54,000. Finally, Financial Avengers Inc. purchased a new stake in shares of First Solar in the 3rd quarter valued at approximately $77,000.
92.08% of the stock is currently owned by institutional investors and hedge funds. Analyst Ratings Changes FSLR has been the topic of several analyst reports.
Citigroup reduced their price target on shares of First Solar from $254.00 to $236.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 26th.
Piper Sandler decreased their price target on First Solar from $250.00 to $230.00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th.
Robert W. Baird cut their price objective on First Solar from $307.00 to $267.
00 and set an “outperform” rating for the company in a research report on Wednesday, December 18th. StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd.
Finally, Barclays reduced their price target on shares of First Solar from $273.00 to $236.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th.
Four investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and an average price target of $258.
29. Insider Buying and Selling at First Solar In related news, insider Georges Antoun sold 229 shares of First Solar stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $133.
75, for a total value of $30,628.75. Following the sale, the insider now directly owns 52,836 shares in the company, valued at $7,066,815.
The trade was a 0.43 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .
Also, insider Kuntal Kumar Verma sold 7,475 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $136.60, for a total value of $1,021,085.
00. Following the completion of the transaction, the insider now owns 3,549 shares of the company’s stock, valued at $484,793.40.
The trade was a 67.81 % decrease in their position. The disclosure for this sale can be found here .
In the last 90 days, insiders have sold 34,311 shares of company stock valued at $4,767,158. 0.58% of the stock is owned by corporate insiders.
First Solar Trading Up 1.1 % NASDAQ:FSLR opened at $130.05 on Tuesday.
The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.
14. First Solar, Inc. has a 1 year low of $120.
60 and a 1 year high of $306.77. The stock has a market cap of $13.
92 billion, a P/E ratio of 11.20, a P/E/G ratio of 0.19 and a beta of 1.
48. The stock has a 50-day simple moving average of $144.76 and a 200-day simple moving average of $180.
27. First Solar ( NASDAQ:FSLR – Get Free Report ) last announced its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.
65 EPS for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.16).
The firm had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.48 billion.
First Solar had a return on equity of 17.56% and a net margin of 32.41%.
As a group, analysts anticipate that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.
First Solar 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. Recommended Stories 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 ..
