First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by Quarry LP

Quarry LP lifted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR - Free Report) by 71.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,930 shares of the solar cell manufacturer's stock after purchasing an additional 7,889 shares during the period. First Solar comprises approximately 0.5% of Quarry LP's investment portfolio, making the stock its 23rd largest holding. Quarry LP's holdings in First Solar were worth $3,336,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in FSLR. Smartleaf Asset Management LLC boosted its holdings in First Solar by 31.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer's stock worth $47,000 after buying an additional 63 shares during the period. Crews Bank & Trust bought a new position in shares of First Solar in the fourth quarter worth $53,000. Hudson Edge Investment Partners Inc. purchased a new position in shares of First Solar in the fourth quarter valued at $53,000. CoreFirst Bank & Trust bought a new stake in shares of First Solar during the 4th quarter valued at $54,000. Finally, Montag A & Associates Inc. lifted its holdings in First Solar by 18.8% during the 4th quarter. Montag A & Associates Inc. now owns 475 shares of the solar cell manufacturer's stock worth $84,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 92.08% of the company's stock.

First Solar Price Performance

Shares of FSLR traded up $5.35 during trading hours on Friday, reaching $131.92. The company had a trading volume of 2,149,997 shares, compared to its average volume of 2,855,446. The company has a market capitalization of $14.15 billion, a price-to-earnings ratio of 11.36, a PEG ratio of 0.19 and a beta of 1.48. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. The firm has a 50 day simple moving average of $131.37 and a 200-day simple moving average of $166.87. First Solar, Inc. has a 12-month low of $116.56 and a 12-month high of $306.77.

First Solar (NASDAQ:FSLR - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $844.57 million for the quarter, compared to analyst estimates of $863.11 million. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The company'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 EPS. Research analysts expect 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, insider Georges Antoun sold 229 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $133.75, for a total value of $30,628.75. Following the transaction, the insider now owns 52,836 shares in the company, valued at $7,066,815. The trade was a 0.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Kuntal Kumar Verma sold 7,475 shares of the company'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 value of $1,021,085.00. Following the completion of the transaction, the insider now directly owns 3,549 shares in the company, valued at approximately $484,793.40. The trade was a 67.81 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,311 shares of company stock valued at $4,767,158 over the last 90 days. 0.48% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities research analysts recently issued reports on FSLR shares. Seaport Res Ptn raised First Solar from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, January 15th. Oppenheimer cut shares of First Solar from an "outperform" rating to a "market perform" rating in a report on Wednesday. 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 research note on Thursday. TD Cowen dropped 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. Finally, Susquehanna reduced their price target on shares of First Solar from $223.00 to $217.00 and set a "positive" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $223.87.

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.