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Kintegral Advisory LLC Sells 1,521 Shares of First Solar, Inc. (NASDAQ:FSLR)

First Solar logo with Energy background

Kintegral Advisory LLC lessened its stake in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 32.9% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,102 shares of the solar cell manufacturer's stock after selling 1,521 shares during the period. Kintegral Advisory LLC's holdings in First Solar were worth $392,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of FSLR. Oppenheimer & Co. Inc. raised its position in First Solar by 396.5% during the first quarter. Oppenheimer & Co. Inc. now owns 11,777 shares of the solar cell manufacturer's stock worth $1,489,000 after acquiring an additional 9,405 shares in the last quarter. Asset Management One Co. Ltd. increased its position in First Solar by 7.1% during the 1st 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 during the period. Vontobel Holding Ltd. increased its position in First Solar by 14.2% during the first quarter. Vontobel Holding Ltd. now owns 189,320 shares of the solar cell manufacturer's stock worth $23,936,000 after acquiring an additional 23,528 shares during the period. Oakworth Capital Inc. increased its holdings in shares of First Solar by 24.7% during the first quarter. Oakworth Capital Inc. now owns 9,682 shares of the solar cell manufacturer's stock worth $1,224,000 after purchasing an additional 1,916 shares during the period. Finally, Ethic Inc. increased its position in shares of First Solar by 34.2% in 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 during the period. Institutional investors own 92.08% of the company's stock.

Insider Transactions at First Solar

In other First Solar news, insider Michael Koralewski sold 2,951 shares of the stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $158.21, for a total value of $466,877.71. Following the transaction, the insider owned 11,369 shares in the company, valued at approximately $1,798,689.49. This represents a 20.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Patrick James Buehler sold 1,868 shares of the stock in a transaction 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 owned 5,998 shares in the company, valued at approximately $894,181.84. This represents a 23.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 14,376 shares of company stock valued at $2,227,172 in the last 90 days. 0.48% of the stock is currently owned by corporate insiders.

First Solar Trading Up 8.7%

Shares of First Solar stock traded up $14.91 on Friday, reaching $185.43. 6,399,688 shares of the company's stock were exchanged, compared to its average volume of 3,236,857. The company has a market capitalization of $19.89 billion, a P/E ratio of 15.77, a price-to-earnings-growth ratio of 0.37 and a beta of 1.52. First Solar, Inc. has a 52 week low of $116.56 and a 52 week high of $262.72. The firm's 50-day moving average is $156.66 and its two-hundred day moving average is $154.63. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.39 and a current ratio of 1.93.

First Solar (NASDAQ:FSLR - Get Free Report) last issued its earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 earnings per share (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 the consensus estimate of $863.11 million. First Solar had a return on equity of 16.32% and a net margin of 29.72%. The firm's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $2.20 earnings per share. Sell-side analysts predict that First Solar, Inc. will post 13.05 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on FSLR shares. Mizuho lifted their price objective on shares of First Solar from $251.00 to $275.00 and gave the company an "outperform" rating in a research note on Monday, June 2nd. Truist Financial reaffirmed a "buy" rating and set a $200.00 price target (down from $245.00) on shares of First Solar in a report on Thursday, May 1st. Bank of America decreased their price target on shares of First Solar from $236.00 to $215.00 and set a "buy" rating on the stock in a report on Tuesday, April 8th. Glj Research raised shares of First Solar from a "hold" rating to a "buy" rating and set a $172.37 price target on the stock in a report on Thursday, May 1st. Finally, UBS Group reaffirmed a "buy" rating and set a $255.00 target price on shares of First Solar in a research note on Wednesday, May 14th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $228.69.

Check Out Our Latest Report on FSLR

About First Solar

(Free Report)

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.

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Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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