First Solar, Inc. (NASDAQ:FSLR) Shares Acquired by Field & Main Bank

Field & Main Bank raised its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 4.1% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,385 shares of the solar cell manufacturer’s stock after purchasing an additional 55 shares during the period. Field & Main Bank’s holdings in First Solar were worth $345,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of FSLR. AlphaMark Advisors LLC acquired a new position in First Solar during the third quarter worth approximately $25,000. Atlas Capital Advisors LLC increased its position in shares of First Solar by 411.1% in the second quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock worth $31,000 after acquiring an additional 111 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of First Solar in the second quarter worth $36,000. Itau Unibanco Holding S.A. acquired a new stake in shares of First Solar in the second quarter worth $38,000. Finally, Alta Advisers Ltd acquired a new stake in shares of First Solar in the second quarter worth $45,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

Insider Activity

In other news, insider Patrick James Buehler sold 8,619 shares of First Solar stock in a transaction that occurred on 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 transaction, the insider now owns 3,468 shares of the company’s stock, valued at $769,896. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Byron Michael Jeffers sold 500 shares of the business’s stock in a transaction on Monday, August 12th. The shares were sold at an average price of $220.00, for a total transaction of $110,000.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Patrick James Buehler sold 8,619 shares of the business’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the transaction, the insider now directly owns 3,468 shares in the company, valued at $769,896. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.

Analyst Ratings Changes

FSLR has been the subject of several recent research reports. BMO Capital Markets reissued an “outperform” rating and issued a $260.00 price objective (down previously from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on shares of First Solar from $262.00 to $282.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Barclays upped their target price on shares of First Solar from $280.00 to $290.00 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Oppenheimer upped their target price on shares of First Solar from $325.00 to $326.00 and gave the company an “outperform” rating in a research note on Wednesday, July 31st. Finally, StockNews.com downgraded shares of First Solar from a “hold” rating to a “sell” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $281.13.

First Solar Stock Performance

Shares of FSLR opened at $193.93 on Friday. First Solar, Inc. has a one year low of $129.21 and a one year high of $306.77. The company has a 50-day moving average of $218.98 and a two-hundred day moving average of $225.18. The stock has a market cap of $20.76 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 0.34 and a beta of 1.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 2.14 and a quick ratio of 1.44.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings data on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share for the quarter, missing the consensus estimate of $3.10 by ($0.19). The business had revenue of $887.70 million for the quarter, compared to the consensus estimate of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. First Solar’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the business posted $2.50 EPS. On average, equities research analysts expect that First Solar, Inc. will post 13.16 earnings per share for the current 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.