2 weeks Ago By ABMN Staff
Sei Investments Co. raised its stake in First Solar, Inc. ( NASDAQ:FSLR – Free Report ) by 67.
6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 27,035 shares of the solar cell manufacturer’s stock after purchasing an additional 10,906 shares during the period. Sei Investments Co.
’s holdings in First Solar were worth $4,764,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Mizuho Securities USA LLC raised its stake in First Solar by 46.
2% during the 4th quarter. Mizuho Securities USA LLC now owns 10,147 shares of the solar cell manufacturer’s stock worth $1,788,000 after acquiring an additional 3,206 shares in the last quarter. Northwest & Ethical Investments L.
P. acquired a new stake in shares of First Solar during the fourth quarter worth about $106,000. Blueshift Asset Management LLC purchased a new stake in shares of First Solar in the 4th quarter valued at about $573,000.
Sandy Spring Bank lifted its holdings in shares of First Solar by 17.3% in the 4th quarter. Sandy Spring Bank now owns 7,556 shares of the solar cell manufacturer’s stock valued at $1,332,000 after purchasing an additional 1,113 shares during the last quarter.
Finally, GM Advisory Group LLC purchased a new position in First Solar during the 4th quarter worth approximately $1,844,000. Institutional investors and hedge funds own 92.08% of the company’s stock.
First Solar Stock Up 0.9 % Shares of NASDAQ:FSLR opened at $127.57 on Wednesday.
The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.
05. The company has a market capitalization of $13.66 billion, a P/E ratio of 10.
99, a P/E/G ratio of 0.19 and a beta of 1.52.
First Solar, Inc. has a 52-week low of $120.60 and a 52-week high of $306.
77. The stock’s fifty day simple moving average is $147.83 and its 200-day simple moving average is $183.
30. Insiders Place Their Bets In other news, CEO Mark R. Widmar sold 1,966 shares of First Solar stock in a transaction on Monday, March 17th.
The stock was sold at an average price of $133.75, for a total value of $262,952.50.
Following the completion of the sale, the chief executive officer now owns 111,890 shares of the company’s stock, valued at $14,965,287.50. The trade was a 1.
73 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website . Also, insider Kuntal Kumar Verma sold 419 shares of the stock in a transaction dated Friday, March 7th.
The stock was sold at an average price of $132.96, for a total value of $55,710.24.
Following the transaction, the insider now owns 4,695 shares in the company, valued at $624,247.20. This trade represents a 8.
19 % decrease in their ownership of the stock. The disclosure for this sale can be found here . In the last three months, insiders sold 34,311 shares of company stock valued at $4,767,158.
Company insiders own 0.58% of the company’s stock. Wall Street Analyst Weigh In A number of equities analysts have recently issued reports on FSLR shares.
Mizuho upgraded shares of First Solar from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $218.00 to $259.00 in a research report on Tuesday, February 11th.
BMO Capital Markets restated an “outperform” rating and set a $230.00 price target (down previously from $260.00) on shares of First Solar in a research note on Wednesday, February 26th.
Barclays lowered their price objective on shares of First Solar from $273.00 to $236.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th.
Truist Financial restated a “buy” rating and set a $285.00 price objective (down previously from $300.00) on shares of First Solar in a research report on Wednesday, February 26th.
Finally, UBS Group lowered their target price on shares of First Solar from $360.00 to $285.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th.
Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $262.
08. Read 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.
Read More 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. ( NASDAQ:FSLR – Free Report ).
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