Sava Infond d.o.o. Buys Shares of 1,900 First Solar, Inc. (NASDAQ:FSLR)

Sava Infond d.o.o. purchased a new position in shares of First Solar, Inc. (NASDAQ:FSLR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,900 shares of the solar cell manufacturer’s stock, valued at approximately $335,000.

Several other institutional investors also recently bought and sold shares of FSLR. Elo Mutual Pension Insurance Co bought a new position in First Solar in the 4th quarter worth $1,880,000. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in shares of First Solar by 9.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 160,723 shares of the solar cell manufacturer’s stock valued at $29,964,000 after buying an additional 13,761 shares in the last quarter. Korea Investment CORP lifted its stake in First Solar by 29.9% during the fourth quarter. Korea Investment CORP now owns 101,683 shares of the solar cell manufacturer’s stock worth $17,921,000 after purchasing an additional 23,383 shares during the period. CoreFirst Bank & Trust bought a new position in shares of First Solar during the 4th quarter worth approximately $54,000. Finally, Vanguard Group Inc. boosted its stake in shares of 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 valued at $2,259,697,000 after purchasing an additional 120,289 shares in the last quarter. 92.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on FSLR. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a report on Thursday, January 2nd. Piper Sandler lowered their price target on shares of First Solar from $250.00 to $230.00 and set an “overweight” rating for the company in a research report on Wednesday, February 26th. Deutsche Bank Aktiengesellschaft set a $265.00 price objective on First Solar in a research note on Thursday, February 27th. Bank of America lowered their target price on shares of First Solar from $246.00 to $236.00 and set a “buy” rating for the company in a research note on Tuesday, January 28th. Finally, Roth Mkm restated a “buy” rating and issued a $280.00 price target on shares of First Solar in a report on Wednesday, February 26th. Four investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $262.08.

First Solar Stock Performance

Shares of NASDAQ FSLR opened at $126.60 on Friday. First Solar, Inc. has a 12 month low of $124.32 and a 12 month high of $306.77. The stock has a 50 day moving average of $151.59 and a 200-day moving average of $185.87. 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 company has a market capitalization of $13.55 billion, a P/E ratio of 10.90, a P/E/G ratio of 0.19 and a beta of 1.52.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.48 billion. As a group, equities research analysts predict that First Solar, Inc. will post 13.05 EPS for the current year.

Insiders Place Their Bets

In other First Solar news, CEO Mark R. Widmar sold 1,272 shares of the stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $132.96, for a total transaction of $169,125.12. Following the sale, the chief executive officer now directly owns 109,000 shares in the company, valued at $14,492,640. This represents a 1.15 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Markus Gloeckler sold 380 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $133.75, for a total transaction of $50,825.00. Following the transaction, the chief technology officer now owns 17,594 shares of the company’s stock, valued at approximately $2,353,197.50. This represents a 2.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,311 shares of company stock worth $4,767,158 in the last quarter. Corporate insiders own 0.58% 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.