First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. lowered its position in First Solar, Inc. (NASDAQ:FSLRFree Report) by 4.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,915 shares of the solar cell manufacturer’s stock after selling 225 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in First Solar were worth $846,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Baystate Wealth Management LLC purchased a new stake in shares of First Solar during the 4th quarter worth $29,000. Estabrook Capital Management purchased a new stake in First Solar in the third quarter valued at $29,000. Headinvest LLC acquired a new stake in shares of First Solar in the 3rd quarter valued at about $30,000. Rakuten Securities Inc. acquired a new stake in shares of First Solar in the fourth quarter valued at approximately $34,000. Finally, USCF Advisers LLC boosted its stake in First Solar by 100.0% during the 4th quarter. USCF Advisers LLC now owns 200 shares of the solar cell manufacturer’s stock worth $34,000 after purchasing an additional 100 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the stock. Barclays lifted their price objective on shares of First Solar from $227.00 to $228.00 and gave the company an “overweight” rating in a research note on Wednesday, May 15th. Susquehanna reaffirmed a “positive” rating and set a $258.00 price objective on shares of First Solar in a research report on Friday, April 5th. JPMorgan Chase & Co. boosted their target price on First Solar from $240.00 to $262.00 and gave the company an “overweight” rating in a report on Thursday, May 23rd. Bank of America lifted their target price on shares of First Solar from $187.00 to $194.00 and gave the company a “buy” rating in a report on Wednesday, April 10th. Finally, Jefferies Financial Group raised their price objective on shares of First Solar from $209.50 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Four analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $259.64.

Read Our Latest Analysis on FSLR

First Solar Stock Up 4.7 %

FSLR opened at $279.80 on Tuesday. First Solar, Inc. has a 52 week low of $129.21 and a 52 week high of $286.60. The firm has a market cap of $29.95 billion, a P/E ratio of 29.33, a PEG ratio of 0.35 and a beta of 1.48. The business’s fifty day simple moving average is $205.73 and its 200 day simple moving average is $173.47. The company has a quick ratio of 1.86, a current ratio of 2.41 and a debt-to-equity ratio of 0.06.

First Solar (NASDAQ:FSLRGet Free Report) last released its earnings results on Wednesday, May 1st. The solar cell manufacturer reported $2.20 EPS for the quarter, topping the consensus estimate of $1.90 by $0.30. First Solar had a net margin of 28.75% and a return on equity of 16.24%. The firm had revenue of $794.10 million during the quarter, compared to analysts’ expectations of $718.19 million. During the same period in the previous year, the company earned $0.40 EPS. First Solar’s revenue for the quarter was up 44.8% on a year-over-year basis. As a group, equities research analysts anticipate that First Solar, Inc. will post 13.55 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Alexander R. Bradley sold 16,051 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $274.69, for a total transaction of $4,409,049.19. Following the completion of the transaction, the chief financial officer now owns 30,652 shares of the company’s stock, valued at approximately $8,419,797.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Michael Koralewski sold 4,646 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $272.92, for a total transaction of $1,267,986.32. Following the completion of the sale, the insider now owns 7,766 shares of the company’s stock, valued at $2,119,496.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Alexander R. Bradley sold 16,051 shares of the company’s stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $274.69, for a total transaction of $4,409,049.19. Following the completion of the sale, the chief financial officer now directly owns 30,652 shares in the company, valued at $8,419,797.88. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 56,519 shares of company stock valued at $13,324,756. Insiders own 0.58% of the company’s stock.

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.

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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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