Oak Thistle LLC Sells 94 Shares of First Solar, Inc. (NASDAQ:FSLR)

Oak Thistle LLC lowered its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 3.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,603 shares of the solar cell manufacturer’s stock after selling 94 shares during the quarter. Oak Thistle LLC’s holdings in First Solar were worth $459,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Choreo LLC bought a new position in shares of First Solar during the second quarter valued at about $282,000. American Century Companies Inc. grew its position in First Solar by 33.3% during the 2nd quarter. American Century Companies Inc. now owns 57,292 shares of the solar cell manufacturer’s stock worth $12,917,000 after acquiring an additional 14,298 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in First Solar by 4.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 51,473 shares of the solar cell manufacturer’s stock worth $11,605,000 after purchasing an additional 2,077 shares during the period. Dimensional Fund Advisors LP lifted its position in First Solar by 8.8% in the second quarter. Dimensional Fund Advisors LP now owns 795,393 shares of the solar cell manufacturer’s stock valued at $179,478,000 after purchasing an additional 64,265 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in shares of First Solar during the second quarter valued at approximately $27,078,000. Hedge funds and other institutional investors own 92.08% of the company’s stock.

First Solar Trading Up 2.2 %

Shares of NASDAQ FSLR opened at $190.89 on Friday. The firm’s 50 day moving average price is $190.31 and its 200-day moving average price is $210.17. First Solar, Inc. has a 52-week low of $135.88 and a 52-week high of $306.77. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The company has a market cap of $20.44 billion, a PE ratio of 16.44, a P/E/G ratio of 0.21 and a beta of 1.49.

First Solar (NASDAQ:FSLR) last issued its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing the consensus estimate of $3.10 by ($0.19). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the business posted $2.50 earnings per share. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, equities research analysts expect that First Solar, Inc. will post 13.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Roth Mkm dropped their price target on shares of First Solar from $320.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, October 15th. Susquehanna cut their target price on First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a research note on Wednesday, October 30th. Guggenheim lowered their price target on First Solar from $368.00 to $335.00 and set a “buy” rating for the company in a research report on Wednesday, October 30th. Seaport Res Ptn upgraded First Solar to a “hold” rating in a research report on Tuesday, November 5th. Finally, Mizuho decreased their target price on First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a report on Thursday, October 31st. Four equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $277.75.

First Solar Company 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.