Dimensional Fund Advisors LP Acquires 6,418 Shares of First Solar, Inc. (NASDAQ:FSLR)

Dimensional Fund Advisors LP raised its holdings in First Solar, Inc. (NASDAQ:FSLRFree Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 785,371 shares of the solar cell manufacturer’s stock after buying an additional 6,418 shares during the quarter. Dimensional Fund Advisors LP owned about 0.74% of First Solar worth $135,310,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in First Solar by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 12,040,031 shares of the solar cell manufacturer’s stock valued at $1,945,549,000 after purchasing an additional 279,424 shares during the period. Wellington Management Group LLP increased its position in shares of First Solar by 10.2% during the third quarter. Wellington Management Group LLP now owns 2,283,705 shares of the solar cell manufacturer’s stock valued at $369,024,000 after buying an additional 211,755 shares during the period. Schroder Investment Management Group lifted its holdings in First Solar by 9.4% in the third quarter. Schroder Investment Management Group now owns 2,102,959 shares of the solar cell manufacturer’s stock worth $339,817,000 after buying an additional 181,034 shares during the period. Clean Energy Transition LLP boosted its position in First Solar by 948.8% during the 3rd quarter. Clean Energy Transition LLP now owns 1,186,646 shares of the solar cell manufacturer’s stock valued at $191,750,000 after acquiring an additional 1,073,500 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of First Solar by 8.0% during the 3rd quarter. Northern Trust Corp now owns 1,003,771 shares of the solar cell manufacturer’s stock worth $162,199,000 after acquiring an additional 74,431 shares during the period. 92.08% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CTO Markus Gloeckler sold 679 shares of First Solar stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $160.00, for a total transaction of $108,640.00. Following the sale, the chief technology officer now owns 14,473 shares of the company’s stock, valued at approximately $2,315,680. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other First Solar news, CTO Markus Gloeckler sold 679 shares of the stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $160.00, for a total transaction of $108,640.00. Following the completion of the sale, the chief technology officer now directly owns 14,473 shares of the company’s stock, valued at approximately $2,315,680. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director R Craig Kennedy sold 1,500 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $157.76, for a total transaction of $236,640.00. Following the completion of the transaction, the director now directly owns 15,641 shares in the company, valued at approximately $2,467,524.16. The disclosure for this sale can be found here. Insiders have sold 31,785 shares of company stock worth $5,265,869 over the last ninety days. Corporate insiders own 0.58% of the company’s stock.

First Solar Price Performance

NASDAQ FSLR opened at $197.59 on Friday. The company has a current ratio of 2.41, a quick ratio of 1.86 and a debt-to-equity ratio of 0.06. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $224.50. The stock has a market cap of $21.15 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 0.34 and a beta of 1.37. The company’s 50 day moving average is $174.13 and its two-hundred day moving average is $161.33.

First Solar (NASDAQ:FSLRGet Free Report) last announced its quarterly earnings data on Wednesday, May 1st. The solar cell manufacturer reported $2.20 EPS for the quarter, beating the consensus estimate of $1.90 by $0.30. The firm had revenue of $794.10 million for the quarter, compared to the consensus estimate of $718.19 million. First Solar had a net margin of 28.75% and a return on equity of 16.24%. The company’s revenue was up 44.8% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. As a group, research analysts anticipate that First Solar, Inc. will post 13.56 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have recently commented on FSLR. Bank of America raised their target price on First Solar from $187.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. DZ Bank assumed coverage on shares of First Solar in a research report on Wednesday, April 17th. They issued a “buy” rating and a $205.00 target price on the stock. Wells Fargo & Company raised shares of First Solar from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $187.00 to $250.00 in a research report on Friday, April 19th. Roth Mkm restated a “buy” rating and issued a $230.00 price objective on shares of First Solar in a report on Thursday, April 18th. Finally, Mizuho lifted their target price on shares of First Solar from $196.00 to $209.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $238.20.

View Our Latest Report on First Solar

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.

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

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