Mutual of America Capital Management LLC Has $2.46 Million Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Mutual of America Capital Management LLC cut its stake in First Solar, Inc. (NASDAQ:FSLR) by 4.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,284 shares of the solar cell manufacturer’s stock after selling 649 shares during the period. Mutual of America Capital Management LLC’s holdings in First Solar were worth $2,461,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. First Pacific Financial acquired a new position in First Solar in the 3rd quarter valued at $27,000. Estabrook Capital Management acquired a new position in First Solar in the 3rd quarter valued at $29,000. Headinvest LLC acquired a new position in First Solar in the 3rd quarter valued at $30,000. Harbor Investment Advisory LLC bought a new position in shares of First Solar in the 3rd quarter valued at $32,000. Finally, Covestor Ltd increased its stake in shares of First Solar by 97.7% in the 1st quarter. Covestor Ltd now owns 421 shares of the solar cell manufacturer’s stock valued at $35,000 after purchasing an additional 208 shares during the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CTO Markus Gloeckler sold 679 shares of the business’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $160.00, for a total value of $108,640.00. Following the transaction, the chief technology officer now directly owns 14,473 shares of the company’s stock, valued at approximately $2,315,680. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director R Craig Kennedy sold 1,500 shares of the company’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $157.76, for a total transaction of $236,640.00. Following the transaction, the director now directly owns 15,641 shares of the company’s stock, valued at approximately $2,467,524.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Markus Gloeckler sold 679 shares of the company’s stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $160.00, for a total value of $108,640.00. Following the transaction, the chief technology officer now directly owns 14,473 shares in the company, valued at $2,315,680. The disclosure for this sale can be found here. Insiders have sold 26,620 shares of company stock valued at $4,269,540 in the last ninety days. 0.58% of the stock is owned by company insiders.

First Solar Trading Up 0.4 %

NASDAQ FSLR opened at $175.04 on Friday. The business’s 50-day moving average price is $161.34 and its two-hundred day moving average price is $156.18. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $232.00. The firm has a market capitalization of $18.74 billion, a PE ratio of 22.61, a price-to-earnings-growth ratio of 0.31 and a beta of 1.41. The company has a current ratio of 3.55, a quick ratio of 2.92 and a debt-to-equity ratio of 0.07.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings data on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.19 by $0.06. The company had revenue of $1.16 billion for the quarter, compared to the consensus estimate of $1.31 billion. First Solar had a return on equity of 13.80% and a net margin of 25.03%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.07) EPS. On average, analysts expect that First Solar, Inc. will post 13.55 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on FSLR shares. Susquehanna reiterated a “positive” rating and issued a $258.00 price target on shares of First Solar in a research note on Friday, April 5th. Mizuho lifted their price target on First Solar from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Roth Mkm reiterated a “buy” rating and issued a $230.00 price target on shares of First Solar in a research note on Thursday. Barclays lifted their price target on First Solar from $224.00 to $227.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Janney Montgomery Scott started coverage on First Solar in a research note on Friday, April 12th. They issued a “buy” rating and a $236.00 price target on the stock. Three analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $229.68.

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.