First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Toth Financial Advisory Corp

Toth Financial Advisory Corp raised its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 9.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 3,960 shares of the solar cell manufacturer’s stock after buying an additional 330 shares during the quarter. Toth Financial Advisory Corp’s holdings in First Solar were worth $988,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in FSLR. Sumitomo Mitsui Trust Holdings Inc. increased its stake in First Solar by 6.3% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 259,177 shares of the solar cell manufacturer’s stock valued at $43,749,000 after purchasing an additional 15,430 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of First Solar by 20.3% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 121,055 shares of the solar cell manufacturer’s stock valued at $20,434,000 after buying an additional 20,465 shares in the last quarter. Legend Financial Advisors Inc. purchased a new position in shares of First Solar in the 1st quarter valued at $759,000. Harbour Capital Advisors LLC raised its stake in First Solar by 224.0% during the 3rd quarter. Harbour Capital Advisors LLC now owns 5,217 shares of the solar cell manufacturer’s stock worth $1,301,000 after acquiring an additional 3,607 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in First Solar by 0.9% in the first quarter. Vanguard Group Inc. now owns 12,257,053 shares of the solar cell manufacturer’s stock valued at $2,068,991,000 after acquiring an additional 105,236 shares during the last quarter. Hedge funds and other institutional investors own 92.08% of the company’s stock.

Insider Transactions at First Solar

In related news, CAO Byron Michael Jeffers sold 500 shares of the stock in a transaction dated Monday, August 12th. The shares were sold at an average price of $220.00, for a total value of $110,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total value of $1,913,418.00. Following the completion of the transaction, the insider now owns 3,468 shares of the company’s stock, valued at approximately $769,896. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Byron Michael Jeffers sold 500 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was sold at an average price of $220.00, for a total transaction of $110,000.00. The disclosure for this sale can be found here. Insiders have sold 10,885 shares of company stock valued at $2,405,757 in the last quarter. 0.58% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

FSLR has been the topic of several research reports. Barclays raised their price objective on First Solar from $280.00 to $290.00 and gave the stock an “overweight” rating in a report on Friday, August 2nd. BMO Capital Markets reduced their price objective on First Solar from $311.00 to $286.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft increased their price objective on First Solar from $215.00 to $280.00 and gave the company a “buy” rating in a report on Friday, June 28th. Roth Mkm cut their target price on shares of First Solar from $320.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Finally, UBS Group increased their price target on shares of First Solar from $350.00 to $360.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, First Solar presently has a consensus rating of “Moderate Buy” and an average price target of $289.96.

First Solar Price Performance

FSLR stock traded down $4.81 on Monday, reaching $195.74. 1,349,956 shares of the company’s stock were exchanged, compared to its average volume of 2,371,811. The stock has a fifty day moving average of $226.97 and a 200-day moving average of $222.82. The firm has a market cap of $20.95 billion, a PE ratio of 21.02, a P/E/G ratio of 0.38 and a beta of 1.44. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.06. First Solar, Inc. has a twelve month low of $129.21 and a twelve month high of $306.77.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.69 by $0.56. First Solar had a net margin of 31.98% and a return on equity of 17.73%. The business had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $939.71 million. During the same quarter last year, the firm posted $1.85 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. As a group, equities analysts predict that First Solar, Inc. will post 13.53 EPS for the current fiscal year.

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.