First Solar, Inc. (NASDAQ:FSLR) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank trimmed its position in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 41.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 35,445 shares of the solar cell manufacturer's stock after selling 24,638 shares during the period. Toronto Dominion Bank's holdings in First Solar were worth $6,247,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Smartleaf Asset Management LLC increased 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 purchasing an additional 63 shares during the last quarter. Crews Bank & Trust purchased a new position in First Solar in the fourth quarter valued at approximately $53,000. Hudson Edge Investment Partners Inc. purchased a new position in First Solar in the fourth quarter valued at approximately $53,000. Banque Transatlantique SA purchased a new position in First Solar in the fourth quarter valued at approximately $53,000. Finally, CoreFirst Bank & Trust purchased a new position in First Solar in the fourth quarter valued at approximately $54,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Glj Research upgraded shares of First Solar from a "hold" rating to a "buy" rating and set a $172.37 price target on the stock in a research note on Thursday, May 1st. Piper Sandler dropped their price target on shares of First Solar from $230.00 to $205.00 and set an "overweight" rating on the stock in a research note on Monday, April 21st. Bank of America decreased their price objective on First Solar from $236.00 to $215.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Mizuho raised First Solar from a "neutral" rating to an "outperform" rating and increased their price objective for the company from $218.00 to $259.00 in a report on Tuesday, February 11th. Finally, Jefferies Financial Group reissued a "hold" rating and issued a $157.00 price objective (up from $127.00) on shares of First Solar in a report on Thursday, May 22nd. Two analysts have rated the stock with a sell rating, five have issued a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $227.37.

First Solar Price Performance

First Solar stock traded up $3.33 during midday trading on Friday, reaching $159.28. The company's stock had a trading volume of 5,254,911 shares, compared to its average volume of 3,050,574. First Solar, Inc. has a fifty-two week low of $116.56 and a fifty-two 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 stock's 50 day simple moving average is $140.67 and its 200 day simple moving average is $160.54. The firm has a market capitalization of $17.08 billion, a PE ratio of 13.72, a P/E/G ratio of 0.19 and a beta of 1.46.

First Solar (NASDAQ:FSLR - Get Free Report) last released its earnings results on Tuesday, April 29th. The solar cell manufacturer reported $1.95 EPS for the quarter, missing analysts' consensus estimates of $2.50 by ($0.55). First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business had revenue of $844.57 million during the quarter, compared to analyst estimates of $863.11 million. During the same period last year, the business posted $2.20 EPS. First Solar's revenue was up 6.4% compared to the same quarter last year. On average, equities research analysts forecast that First Solar, Inc. will post 13.05 earnings per share for the current year.

Insider Buying and Selling at First Solar

In other First Solar news, CTO Markus Gloeckler sold 9,557 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was sold at an average price of $155.05, for a total value of $1,481,812.85. Following the completion of the sale, the chief technology officer now owns 8,037 shares of the company's stock, valued at approximately $1,246,136.85. This trade represents a 54.32% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Georges Antoun sold 229 shares of First Solar stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total value of $30,628.75. Following the transaction, the insider now directly owns 52,836 shares of the company's stock, valued at $7,066,815. This trade represents a 0.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 14,851 shares of company stock valued at $2,188,525. 0.48% of the stock is owned by company insiders.

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.