Integral Investment Advisors Inc. Purchases 192 Shares of First Solar, Inc. (NASDAQ:FSLR)

Integral Investment Advisors Inc. boosted its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 7.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,609 shares of the solar cell manufacturer’s stock after purchasing an additional 192 shares during the period. Integral Investment Advisors Inc.’s holdings in First Solar were worth $652,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of First Solar in the 4th quarter valued at $26,000,000. CWM LLC lifted its position in First Solar by 16.1% during the 4th quarter. CWM LLC now owns 3,171 shares of the solar cell manufacturer’s stock valued at $546,000 after purchasing an additional 439 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of First Solar by 23.2% in the 4th quarter. Russell Investments Group Ltd. now owns 75,805 shares of the solar cell manufacturer’s stock valued at $13,088,000 after purchasing an additional 14,264 shares during the last quarter. Fisher Asset Management LLC grew its position in shares of First Solar by 9.1% during the 4th quarter. Fisher Asset Management LLC now owns 39,280 shares of the solar cell manufacturer’s stock worth $6,767,000 after buying an additional 3,275 shares during the period. Finally, Westover Capital Advisors LLC acquired a new position in First Solar in the fourth quarter valued at approximately $343,000. 92.08% of the stock is owned by institutional investors.

Insider Buying and Selling at First Solar

In other news, insider Patrick James Buehler sold 8,619 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $222.00, for a total value of $1,913,418.00. Following the transaction, the insider now owns 3,468 shares of the company’s stock, valued at $769,896. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Patrick James Buehler sold 8,619 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the transaction, the insider now directly owns 3,468 shares in the company, valued at $769,896. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Byron Michael Jeffers sold 1,766 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $216.50, for a total transaction of $382,339.00. Following the completion of the sale, the chief accounting officer now directly owns 500 shares of the company’s stock, valued at approximately $108,250. The disclosure for this sale can be found here. Insiders have sold a total of 12,506 shares of company stock valued at $2,827,217 in the last three months. 0.58% of the stock is currently owned by company insiders.

First Solar Stock Up 1.9 %

Shares of NASDAQ:FSLR traded up $4.27 during midday trading on Friday, hitting $227.37. The stock had a trading volume of 1,235,344 shares, compared to its average volume of 2,420,586. The company has a market cap of $24.34 billion, a P/E ratio of 23.83, a PEG ratio of 0.37 and a beta of 1.44. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $306.77. The business’s 50-day simple moving average is $224.43 and its 200-day simple moving average is $204.99. The company has a quick ratio of 1.86, a current ratio of 2.23 and a debt-to-equity ratio of 0.06.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 EPS for the quarter, topping analysts’ consensus estimates of $2.69 by $0.56. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $939.71 million. First Solar had a return on equity of 17.73% and a net margin of 31.98%. First Solar’s quarterly revenue was up 24.6% on a year-over-year basis. During the same quarter last year, the company posted $1.85 earnings per share. On average, sell-side analysts forecast that First Solar, Inc. will post 13.53 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

FSLR has been the topic of a number of analyst reports. DZ Bank raised First Solar from a “hold” rating to a “buy” rating and set a $280.00 price target on the stock in a research note on Thursday, August 1st. Deutsche Bank Aktiengesellschaft upped their price target on First Solar from $215.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, June 28th. Oppenheimer lifted their price objective on shares of First Solar from $325.00 to $326.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 31st. Susquehanna upped their target price on shares of First Solar from $258.00 to $285.00 and gave the company a “positive” rating in a research note on Wednesday, July 3rd. Finally, Barclays lifted their price target on shares of First Solar from $280.00 to $290.00 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Five investment analysts have rated the stock with a hold rating and twenty-two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $275.36.

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.