First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Signaturefd LLC

Signaturefd LLC lowered its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 72.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 883 shares of the solar cell manufacturer’s stock after selling 2,312 shares during the quarter. Signaturefd LLC’s holdings in First Solar were worth $156,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Larson Financial Group LLC lifted its position in First Solar by 214.0% during the 3rd quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after acquiring an additional 107 shares during the period. Smartleaf Asset Management LLC lifted its position in First Solar by 31.7% during 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 period. Crews Bank & Trust acquired a new stake in First Solar during the 4th quarter worth about $53,000. Hudson Edge Investment Partners Inc. acquired a new stake in First Solar during the 4th quarter worth about $53,000. Finally, Financial Avengers Inc. acquired a new stake in First Solar during the 3rd quarter worth about $77,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Activity

In other news, CTO Markus Gloeckler sold 380 shares of the company’s 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 $50,825.00. Following the completion of the sale, the chief technology officer now directly owns 17,594 shares in the company, valued at $2,353,197.50. This represents a 2.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark R. Widmar sold 21,542 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $141.09, for a total value of $3,039,360.78. Following the completion of the sale, the chief executive officer now owns 103,403 shares of the company’s stock, valued at $14,589,129.27. This trade represents a 17.24 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,311 shares of company stock worth $4,767,158 over the last ninety days. Corporate insiders own 0.58% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on FSLR shares. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a research report on Thursday, January 2nd. BMO Capital Markets reissued an “outperform” rating and issued a $230.00 price objective (down previously from $260.00) on shares of First Solar in a report on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price objective on First Solar from $282.00 to $268.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Piper Sandler decreased their price objective on First Solar from $250.00 to $230.00 and set an “overweight” rating for the company in a report on Wednesday, February 26th. Finally, Mizuho raised First Solar from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $218.00 to $259.00 in a report on Tuesday, February 11th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, First Solar presently has a consensus rating of “Moderate Buy” and an average target price of $262.08.

First Solar Price Performance

NASDAQ:FSLR opened at $131.32 on Friday. First Solar, Inc. has a 12 month low of $124.96 and a 12 month high of $306.77. The stock has a 50 day moving average of $156.26 and a two-hundred day moving average of $188.05. 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 firm has a market cap of $14.06 billion, a P/E ratio of 11.31, a price-to-earnings-growth ratio of 0.19 and a beta of 1.52.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results 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 company had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.48 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. On average, analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

First Solar Profile

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.