Wilmington Savings Fund Society FSB Has $383,000 Stock Position in First Solar, Inc. (NASDAQ:FSLR)

Wilmington Savings Fund Society FSB trimmed its holdings in First Solar, Inc. (NASDAQ:FSLR) by 5.8% in the fourth quarter, Holdings Channel reports. The fund owned 2,175 shares of the solar cell manufacturer’s stock after selling 134 shares during the period. Wilmington Savings Fund Society FSB’s holdings in First Solar were worth $383,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of FSLR. Wellington Management Group LLP increased its stake in First Solar by 75.8% during the 3rd quarter. Wellington Management Group LLP now owns 2,097,364 shares of the solar cell manufacturer’s stock worth $523,166,000 after purchasing an additional 904,498 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in First Solar by 1,757.2% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 546,193 shares of the solar cell manufacturer’s stock worth $136,242,000 after purchasing an additional 516,783 shares in the last quarter. Merewether Investment Management LP lifted its holdings in shares of First Solar by 993.4% in the third quarter. Merewether Investment Management LP now owns 322,936 shares of the solar cell manufacturer’s stock valued at $80,553,000 after purchasing an additional 293,400 shares in the last quarter. Erste Asset Management GmbH bought a new position in shares of First Solar during the third quarter worth about $67,652,000. Finally, International Assets Investment Management LLC raised its position in First Solar by 24,844.0% in the 3rd quarter. International Assets Investment Management LLC now owns 217,512 shares of the solar cell manufacturer’s stock valued at $542,560,000 after buying an additional 216,640 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors.

First Solar Stock Performance

NASDAQ:FSLR opened at $161.60 on Wednesday. The stock has a 50 day simple moving average of $182.32 and a 200 day simple moving average of $203.23. The stock has a market cap of $17.30 billion, a P/E ratio of 13.92, a PEG ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a 1-year low of $141.70 and a 1-year high of $306.77. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

Wall Street Analysts Forecast Growth

FSLR has been the subject of several research reports. Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Guggenheim reissued a “buy” rating and set a $335.00 price target on shares of First Solar in a research report on Wednesday, January 22nd. Mizuho upgraded First Solar from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $218.00 to $259.00 in a report on Tuesday. The Goldman Sachs Group dropped their target price on First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a report on Wednesday, October 30th. Finally, Barclays decreased their price target on First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Two research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $276.38.

About First Solar

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.