DekaBank Deutsche Girozentrale Sells 20,025 Shares of First Solar, Inc. (NASDAQ:FSLR)

DekaBank Deutsche Girozentrale trimmed its position in First Solar, Inc. (NASDAQ:FSLR - Free Report) by 3.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 504,178 shares of the solar cell manufacturer's stock after selling 20,025 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.47% of First Solar worth $62,906,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its position in shares of First Solar by 396.5% during the first quarter. Oppenheimer & Co. Inc. now owns 11,777 shares of the solar cell manufacturer's stock valued at $1,489,000 after buying an additional 9,405 shares during the period. Asset Management One Co. Ltd. raised its stake in First Solar by 7.1% in the first quarter. Asset Management One Co. Ltd. now owns 48,722 shares of the solar cell manufacturer's stock worth $6,160,000 after buying an additional 3,226 shares in the last quarter. Vontobel Holding Ltd. raised its stake in First Solar by 14.2% in the first quarter. Vontobel Holding Ltd. now owns 189,320 shares of the solar cell manufacturer's stock worth $23,936,000 after buying an additional 23,528 shares in the last quarter. Oakworth Capital Inc. raised its stake in First Solar by 24.7% in the first quarter. Oakworth Capital Inc. now owns 9,682 shares of the solar cell manufacturer's stock worth $1,224,000 after buying an additional 1,916 shares in the last quarter. Finally, Ethic Inc. increased its position in shares of First Solar by 34.2% during the fourth quarter. Ethic Inc. now owns 17,807 shares of the solar cell manufacturer's stock worth $3,138,000 after purchasing an additional 4,542 shares in the last quarter. 92.08% of the stock is owned by institutional investors.

First Solar Price Performance

Shares of NASDAQ FSLR traded down $2.65 during trading on Friday, reaching $162.44. The company had a trading volume of 2,136,077 shares, compared to its average volume of 3,259,446. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.39 and a current ratio of 1.93. The stock has a market cap of $17.42 billion, a PE ratio of 13.81, a PEG ratio of 0.33 and a beta of 1.52. The business's 50 day moving average price is $160.16 and its 200-day moving average price is $154.29. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $262.72.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its earnings results 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). First Solar had a net margin of 29.72% and a return on equity of 16.32%. The firm had revenue of $844.57 million during the quarter, compared to the consensus estimate of $863.11 million. During the same period in the previous year, the company posted $2.20 EPS. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. Analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current year.

Insider Buying and Selling

In other news, insider Patrick James Buehler sold 1,868 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $149.08, for a total value of $278,481.44. Following the sale, the insider directly owned 5,998 shares in the company, valued at approximately $894,181.84. This trade represents a 23.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Markus Gloeckler sold 9,557 shares of the firm's stock in a transaction that occurred on Wednesday, May 28th. The shares were sold at an average price of $155.05, for a total transaction of $1,481,812.85. Following the completion of the sale, the chief technology officer owned 8,037 shares in the company, valued at approximately $1,246,136.85. The trade was a 54.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,976 shares of company stock worth $2,515,172. 0.48% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms recently issued reports on FSLR. Wells Fargo & Company cut their target price on First Solar from $191.00 to $177.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 30th. Susquehanna lowered their target price on shares of First Solar from $223.00 to $217.00 and set a "positive" rating on the stock in a research note on Monday, April 14th. TD Cowen decreased their target price on shares of First Solar from $275.00 to $200.00 and set a "buy" rating on the stock in a research note on Wednesday, April 30th. The Goldman Sachs Group raised their price target on shares of First Solar from $204.00 to $255.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Finally, BMO Capital Markets dropped their target price on shares of First Solar from $200.00 to $187.00 and set an "outperform" rating for the company in a report on Wednesday, April 30th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $228.69.

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.