Fort Washington Investment Advisors Inc. OH Grows Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Fort Washington Investment Advisors Inc. OH grew its holdings in First Solar, Inc. (NASDAQ:FSLR) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,874 shares of the solar cell manufacturer’s stock after acquiring an additional 124 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in First Solar were worth $330,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. AlphaMark Advisors LLC purchased a new stake in First Solar during the third quarter worth $25,000. Strengthening Families & Communities LLC purchased a new stake in First Solar during the third quarter worth $25,000. Kennebec Savings Bank purchased a new stake in First Solar during the third quarter worth $29,000. Larson Financial Group LLC boosted its holdings in First Solar by 214.0% during the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock worth $39,000 after buying an additional 107 shares in the last quarter. Finally, Sound Income Strategies LLC boosted its holdings in First Solar by 555.6% during the third quarter. Sound Income Strategies LLC now owns 236 shares of the solar cell manufacturer’s stock worth $59,000 after buying an additional 200 shares in the last quarter. 92.08% of the stock is owned by hedge funds and other institutional investors.

First Solar Price Performance

First Solar stock opened at $174.11 on Friday. 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 stock has a market cap of $18.64 billion, a P/E ratio of 15.00, a PEG ratio of 0.21 and a beta of 1.49. The company has a 50-day moving average price of $189.56 and a 200 day moving average price of $208.59. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77.

First Solar (NASDAQ:FSLR) last announced its earnings results 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 company had revenue of $887.70 million for the quarter, compared to analysts’ expectations of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period last year, the business earned $2.50 EPS. Sell-side analysts anticipate that First Solar, Inc. will post 13.07 earnings per share for the current year.

Wall Street Analyst Weigh In

FSLR has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of First Solar from $290.00 to $275.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Susquehanna decreased their price objective on shares of First Solar from $280.00 to $252.00 and set a “positive” rating on the stock in a report on Wednesday, October 30th. Roth Mkm decreased their price objective 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. Citigroup raised shares of First Solar from a “neutral” rating to a “buy” rating and increased their price objective for the company from $200.00 to $254.00 in a report on Tuesday, October 22nd. Finally, Mizuho decreased their price objective on shares of First Solar from $274.00 to $257.00 and set a “neutral” rating on the stock in a report on Thursday, October 31st. Three research 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, the company presently has a consensus rating of “Moderate Buy” and an average target price of $277.75.

First Solar 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.