Compagnie Lombard Odier SCmA Sells 1,590 Shares of First Solar, Inc. (NASDAQ:FSLR)

Compagnie Lombard Odier SCmA decreased its holdings in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 79.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 410 shares of the solar cell manufacturer's stock after selling 1,590 shares during the period. Compagnie Lombard Odier SCmA's holdings in First Solar were worth $52,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC boosted its stake in First Solar by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock valued at $47,000 after buying an additional 63 shares in the last quarter. Princeton Global Asset Management LLC acquired a new position in First Solar during the first quarter worth about $51,000. Hudson Edge Investment Partners Inc. bought a new position in shares of First Solar in the fourth quarter worth about $53,000. Banque Transatlantique SA acquired a new stake in shares of First Solar in the 4th quarter valued at approximately $53,000. Finally, CoreFirst Bank & Trust bought a new stake in shares of First Solar during the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 92.08% of the company's stock.

Insiders Place Their Bets

In related news, insider Michael Koralewski sold 2,951 shares of the company's stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $158.21, for a total transaction of $466,877.71. Following the transaction, the insider now directly owns 11,369 shares of the company's stock, valued at approximately $1,798,689.49. This represents a 20.61% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Patrick James Buehler sold 1,868 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $149.08, for a total value of $278,481.44. Following the completion of the transaction, the insider now owns 5,998 shares in the company, valued at approximately $894,181.84. The trade was a 23.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 14,376 shares of company stock worth $2,227,172. 0.48% of the stock is currently owned by company insiders.

First Solar Trading Down 17.9%

Shares of First Solar stock traded down $31.35 on Tuesday, hitting $143.90. 20,613,848 shares of the company's stock traded hands, compared to its average volume of 3,132,270. The company has a market capitalization of $15.43 billion, a price-to-earnings ratio of 12.24, a price-to-earnings-growth ratio of 0.35 and a beta of 1.53. The company has a fifty day moving average of $149.16 and a two-hundred day moving average of $158.19. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.93 and a quick ratio of 1.39. First Solar, Inc. has a one year low of $116.56 and a one year high of $268.12.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The solar cell manufacturer reported $1.95 EPS for the quarter, missing the consensus estimate of $2.50 by ($0.55). The company had revenue of $844.57 million for the quarter, compared to analyst estimates of $863.11 million. First Solar had a return on equity of 16.32% and a net margin of 29.72%. The business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same period last year, the business earned $2.20 EPS. As a group, sell-side analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current year.

Analyst Upgrades and Downgrades

FSLR has been the subject of several research reports. Redburn Atlantic initiated coverage on shares of First Solar in a research note on Monday, March 3rd. They issued a "neutral" rating for the company. Glj Research upgraded shares of First Solar from a "hold" rating to a "buy" rating and set a $172.37 price target for the company in a report on Thursday, May 1st. Roth Mkm reiterated a "buy" rating and issued a $280.00 price target on shares of First Solar in a research note on Wednesday, February 26th. BMO Capital Markets reduced their price objective on First Solar from $200.00 to $187.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 30th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $200.00 target price (down previously from $245.00) on shares of First Solar in a report on Thursday, May 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $229.19.

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.