7,792 Shares in First Solar, Inc. (NASDAQ:FSLR) Bought by Twinbeech Capital LP

Twinbeech Capital LP bought a new stake in First Solar, Inc. (NASDAQ:FSLR - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 7,792 shares of the solar cell manufacturer's stock, valued at approximately $1,373,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in First Solar by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 12,821,701 shares of the solar cell manufacturer's stock worth $2,259,697,000 after acquiring an additional 120,289 shares in the last quarter. Geode Capital Management LLC increased its holdings in First Solar by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 2,666,242 shares of the solar cell manufacturer's stock worth $469,154,000 after acquiring an additional 63,739 shares in the last quarter. Wellington Management Group LLP increased its holdings in First Solar by 12.5% in the 4th quarter. Wellington Management Group LLP now owns 2,359,846 shares of the solar cell manufacturer's stock worth $415,899,000 after acquiring an additional 262,482 shares in the last quarter. Invesco Ltd. increased its holdings in First Solar by 13.9% in the 4th quarter. Invesco Ltd. now owns 1,835,056 shares of the solar cell manufacturer's stock worth $323,410,000 after acquiring an additional 223,933 shares in the last quarter. Finally, Amundi increased its holdings in First Solar by 31.0% in the 4th quarter. Amundi now owns 1,805,244 shares of the solar cell manufacturer's stock worth $336,871,000 after acquiring an additional 426,797 shares in the last quarter. Hedge funds and other institutional investors own 92.08% of the company's stock.

First Solar Stock Down 1.2%

First Solar stock traded down $1.89 during mid-day trading on Tuesday, hitting $156.49. The company had a trading volume of 1,461,441 shares, compared to its average volume of 3,060,422. The stock has a market cap of $16.78 billion, a price-to-earnings ratio of 13.46, a PEG ratio of 0.19 and a beta of 1.46. First Solar, Inc. has a 1 year low of $116.56 and a 1 year high of $306.77. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The business has a fifty day moving average of $138.52 and a 200 day moving average of $161.18.

First Solar (NASDAQ:FSLR - Get Free Report) last announced its quarterly 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). The company had revenue of $844.57 million during the quarter, compared to analysts' expectations of $863.11 million. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.20 earnings per share. On average, sell-side analysts expect that First Solar, Inc. will post 13.05 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Roth Mkm reissued a "buy" rating and issued a $280.00 price target on shares of First Solar in a report on Wednesday, February 26th. KeyCorp lowered shares of First Solar from a "sector weight" rating to an "underweight" rating and set a $100.00 price objective for the company. in a report on Wednesday, April 30th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $157.00 target price (up previously from $127.00) on shares of First Solar in a research report on Thursday. Deutsche Bank Aktiengesellschaft set a $265.00 target price on shares of First Solar in a research report on Thursday, February 27th. Finally, Bank of America reduced their price target on shares of First Solar from $236.00 to $215.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating, twenty-four have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $227.37.

Insider Buying and Selling at First Solar

In other news, insider Kuntal Kumar Verma sold 7,475 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $136.60, for a total transaction of $1,021,085.00. Following the transaction, the insider now directly owns 3,549 shares in the company, valued at approximately $484,793.40. This trade represents a 67.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Mark R. Widmar sold 1,272 shares of the firm's stock in a transaction that occurred on Friday, March 7th. The stock was sold at an average price of $132.96, for a total transaction of $169,125.12. Following the transaction, the chief executive officer now owns 109,000 shares in the company, valued at approximately $14,492,640. This trade represents a 1.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,311 shares of company stock worth $4,767,158 over the last three months. Insiders own 0.48% of the company's stock.

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.