Todd Asset Management LLC Boosts Holdings in First Solar, Inc. (NASDAQ:FSLR)

Todd Asset Management LLC boosted its position in First Solar, Inc. (NASDAQ:FSLR) by 24.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 212,596 shares of the solar cell manufacturer’s stock after buying an additional 42,233 shares during the period. Todd Asset Management LLC owned approximately 0.20% of First Solar worth $37,468,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Whalen Wealth Management Inc. lifted its holdings in First Solar by 47.0% in the fourth quarter. Whalen Wealth Management Inc. now owns 4,859 shares of the solar cell manufacturer’s stock valued at $856,000 after acquiring an additional 1,554 shares during the period. Stifel Financial Corp lifted its holdings in First Solar by 36.9% in the third quarter. Stifel Financial Corp now owns 21,446 shares of the solar cell manufacturer’s stock valued at $5,350,000 after acquiring an additional 5,780 shares during the period. Robeco Institutional Asset Management B.V. lifted its holdings in First Solar by 9.0% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 595,267 shares of the solar cell manufacturer’s stock valued at $104,910,000 after acquiring an additional 49,074 shares during the period. Paragon Capital Management Inc. acquired a new stake in First Solar in the fourth quarter valued at $1,240,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in First Solar by 665.8% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 39,192 shares of the solar cell manufacturer’s stock valued at $7,308,000 after acquiring an additional 34,074 shares during the period. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on FSLR shares. Janney Montgomery Scott raised First Solar from a “neutral” rating to a “buy” rating and set a $260.00 price target for the company in a research note on Tuesday, October 29th. Barclays cut their price target on First Solar from $275.00 to $273.00 and set an “overweight” rating for the company in a research note on Monday, January 27th. Susquehanna cut their price target on First Solar from $280.00 to $252.00 and set a “positive” rating for the company in a research note on Wednesday, October 30th. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 target price (down previously from $286.00) on shares of First Solar in a research note on Wednesday, October 30th. Finally, Seaport Res Ptn raised shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $276.38.

First Solar Stock Down 1.6 %

NASDAQ FSLR opened at $152.91 on Tuesday. The stock has a market cap of $16.37 billion, a PE ratio of 13.17, a P/E/G ratio of 0.19 and a beta of 1.47. First Solar, Inc. has a fifty-two week low of $141.76 and a fifty-two week high of $306.77. The business has a 50 day moving average price of $175.36 and a two-hundred day moving average price of $199.83. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05.

About First Solar

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.