9 hours Ago By Defense World Staff
LPL Financial LLC boosted its holdings in First Solar, Inc. ( NASDAQ:FSLR – Free Report ) by 17.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission.
The fund owned 53,675 shares of the solar cell manufacturer’s stock after purchasing an additional 8,167 shares during the period. LPL Financial LLC owned approximately 0.05% of First Solar worth $9,460,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in FSLR. Whalen Wealth Management Inc. boosted its holdings in First Solar by 47.
0% during the 4th quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock valued at $856,000 after acquiring an additional 1,554 shares during the period.
Allspring Global Investments Holdings LLC lifted its position in First Solar by 665.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 39,192 shares of the solar cell manufacturer’s stock valued at $7,308,000 after purchasing an additional 34,074 shares during the last quarter.
Stifel Financial Corp boosted its stake in shares of First Solar by 36.9% during the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock valued at $5,350,000 after purchasing an additional 5,780 shares during the period.
Paragon Capital Management Inc. bought a new position in shares of First Solar in the fourth quarter worth approximately $1,240,000. Finally, Robeco Institutional Asset Management B.
V. increased its stake in shares of First Solar by 9.0% in the fourth quarter.
Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer’s stock worth $104,910,000 after buying an additional 49,074 shares during the period.
92.08% of the stock is currently owned by hedge funds and other institutional investors. Wall Street Analyst Weigh In Several analysts recently issued reports on FSLR shares.
JPMorgan Chase & Co. cut their target price on First Solar from $282.00 to $268.
00 and set an “overweight” rating on the stock in a research note on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft set a $265.00 price objective on First Solar in a report on Thursday, February 27th.
Guggenheim reduced their target price on First Solar from $335.00 to $304.00 and set a “buy” rating on the stock in a research note on Thursday, February 27th.
Robert W. Baird dropped their price target on First Solar from $307.00 to $267.
00 and set an “outperform” rating for the company in a research note on Wednesday, December 18th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $230.00 price objective (down from $260.
00) on shares of First Solar in a report on Wednesday, February 26th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.
com, the company presently has an average rating of “Moderate Buy” and an average target price of $260.42. First Solar Stock Performance FSLR opened at $128.
69 on Friday. The company’s 50 day moving average is $145.44 and its 200 day moving average is $181.
88. The company has a current ratio of 2.14, a quick ratio of 1.
44 and a debt-to-equity ratio of 0.05. The company has a market cap of $13.
78 billion, a price-to-earnings ratio of 11.08, a PEG ratio of 0.19 and a beta of 1.
52. First Solar, Inc. has a 12-month low of $120.
60 and a 12-month high of $306.77. First Solar ( NASDAQ:FSLR – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 25th.
The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $4.81 by ($1.
16). The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.
48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.
56%. On average, equities research analysts predict that First Solar, Inc. will post 13.
05 EPS for the current year. Insider Activity at First Solar In other news, CTO Markus Gloeckler sold 380 shares of the business’s stock in a transaction on Monday, March 17th. The shares were sold at an average price of $133.
75, for a total value of $50,825.00. Following the transaction, the chief technology officer now owns 17,594 shares of the company’s stock, valued at approximately $2,353,197.
50. The trade was a 2.11 % decrease in their ownership of the stock.
The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, CEO Mark R. Widmar sold 21,542 shares of the firm’s stock in a transaction on Friday, February 28th.
The shares were sold at an average price of $141.09, for a total transaction of $3,039,360.78.
Following the transaction, the chief executive officer now directly owns 103,403 shares of the company’s stock, valued at $14,589,129.27. The trade was a 17.
24 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last ninety days, insiders sold 34,311 shares of company stock worth $4,767,158.
0.58% of the stock is owned by company insiders. 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. See Also Five stocks we like better than First Solar Ride Out The Recession With These Dividend Kings Archer Aviation’s Africa Deal Could Boost ACHR Stock Stock Dividend Cuts Happen Are You Ready? Are Short Sellers Wrong About These 3 Semiconductor Stocks? What is a Bond Market Holiday? How to Invest and Trade Boeing Gets $50B in March Orders—Is BA Stock a Buy Now? 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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