2 weeks Ago By Defense World Staff
Victory Capital Management Inc. reduced its stake in shares of First Solar, Inc. (NASDAQ:FSLR – Free Report) by 11.
4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,243 shares of the solar cell manufacturer’s stock after selling 4,665 shares during the quarter. Victory Capital Management Inc.
’s holdings in First Solar were worth $6,387,000 at the end of the most recent quarter. A number of other large investors have also recently made changes to their positions in FSLR. Strengthening Families & Communities LLC purchased a new stake in shares of First Solar during the third quarter valued at $25,000.
Larson Financial Group LLC boosted its stake in shares of First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after purchasing an additional 107 shares during the period.
Smartleaf Asset Management LLC boosted its stake in shares of First Solar by 31.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock valued at $47,000 after purchasing an additional 63 shares during the period.
Crews Bank & Trust purchased a new stake in shares of First Solar during the fourth quarter valued at $53,000. Finally, Hudson Edge Investment Partners Inc. purchased a new stake in shares of First Solar during the fourth quarter valued at $53,000.
92.08% of the stock is owned by hedge funds and other institutional investors. Insider ActivityIn other news, CEO Mark R.
Widmar sold 1,272 shares of the firm’s stock in a transaction that occurred on Friday, March 7th. The shares were sold at an average price of $132.96, for a total transaction of $169,125.
12. Following the completion of the transaction, the chief executive officer now directly owns 109,000 shares of the company’s stock, valued at $14,492,640. This trade represents a 1.
15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kuntal Kumar Verma sold 7,475 shares of the business’s stock in a transaction dated Friday, February 28th.
The stock was sold at an average price of $136.60, for a total transaction of $1,021,085.00.
Following the sale, the insider now directly owns 3,549 shares in the company, valued at $484,793.40. This trade represents a 67.
81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,739 shares of company stock valued at $4,289,403 in the last 90 days.
0.58% of the stock is owned by company insiders. Wall Street Analysts Forecast GrowthA number of analysts recently weighed in on FSLR shares.
StockNews.com raised shares of First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Redburn Atlantic started coverage on shares of First Solar in a research note on Monday, March 3rd.
They issued a “neutral” rating for the company. Wells Fargo & Company lowered their price objective on shares of First Solar from $240.00 to $209.
00 and set an “overweight” rating for the company in a research note on Wednesday, January 8th. Barclays lowered their price objective on shares of First Solar from $273.00 to $236.
00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft set a $265.00 price objective on shares of First Solar in a research note on Thursday, February 27th.
Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.
08.View Our Latest Analysis on FSLRFirst Solar Trading Down 0.2 %FSLR stock opened at $132.
51 on Friday. First Solar, Inc. has a 1-year low of $124.
96 and a 1-year high of $306.77. The firm has a market cap of $14.
19 billion, a P/E ratio of 11.41, a P/E/G ratio of 0.19 and a beta of 1.
52. The business’s 50 day moving average is $162.48 and its 200-day moving average is $191.
64. The company has a current ratio of 2.14, a quick ratio of 1.
44 and a debt-to-equity ratio of 0.05. First Solar (NASDAQ:FSLR – Get Free Report) last released its quarterly earnings results 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). First Solar had a return on equity of 17.56% and a net margin of 32.
41%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.
48 billion. Equities analysts anticipate that First Solar, Inc. will post 13.
05 earnings per share for the current fiscal year. 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 AlsoFive stocks we like better than First SolarDiversification Can Smooth Returns And Mitigate Portfolio RiskRubrik Stock’s V-Bottom Reversal Signals a Major Rally AheadWhat is Short Interest? How to Use ItHow Super Micro Computer Stock Is Defying the Market Sell-OffBest of the list of Dividend Aristocrats: Build wealth with the aristocrat indexAppLovin vs. HPE: Which Tech Stock Can Bounce Back Faster?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)..
