First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. increased its stake in First Solar, Inc. (NASDAQ:FSLR) by 23.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,384 shares of the solar cell manufacturer’s stock after purchasing an additional 2,734 shares during the quarter. Duff & Phelps Investment Management Co.’s holdings in First Solar were worth $2,535,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Clear Harbor Asset Management LLC boosted its stake in First Solar by 0.6% during the 4th quarter. Clear Harbor Asset Management LLC now owns 9,210 shares of the solar cell manufacturer’s stock valued at $1,623,000 after purchasing an additional 55 shares in the last quarter. Doliver Advisors LP grew its stake in First Solar by 1.2% in the fourth quarter. Doliver Advisors LP now owns 4,713 shares of the solar cell manufacturer’s stock valued at $831,000 after purchasing an additional 56 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in First Solar by 31.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 262 shares of the solar cell manufacturer’s stock worth $47,000 after buying an additional 63 shares during the last quarter. Independent Advisor Alliance raised its holdings in First Solar by 3.1% during the fourth quarter. Independent Advisor Alliance now owns 2,090 shares of the solar cell manufacturer’s stock valued at $368,000 after buying an additional 63 shares in the last quarter. Finally, Mutual Advisors LLC lifted its stake in shares of First Solar by 5.3% in the fourth quarter. Mutual Advisors LLC now owns 1,463 shares of the solar cell manufacturer’s stock worth $279,000 after buying an additional 73 shares during the last quarter. Institutional investors own 92.08% of the company’s stock.

Insider Transactions at First Solar

In other news, insider Georges Antoun sold 229 shares of the firm’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 $30,628.75. Following the completion of the sale, the insider now owns 52,836 shares of the company’s stock, valued at $7,066,815. This trade represents a 0.43 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Mark R. Widmar sold 21,542 shares of the business’s stock in a transaction on Friday, February 28th. The shares were sold at an average price of $141.09, for a total transaction of $3,039,360.78. Following the transaction, the chief executive officer now owns 103,403 shares in the company, valued at $14,589,129.27. The trade was a 17.24 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,311 shares of company stock worth $4,767,158 over the last three months. 0.58% of the stock is owned by company insiders.

First Solar Stock Up 0.2 %

Shares of FSLR opened at $126.60 on Friday. The stock’s 50-day moving average price is $151.59 and its two-hundred day moving average price is $185.87. First Solar, Inc. has a 12 month low of $124.32 and a 12 month high of $306.77. The company has a market capitalization of $13.55 billion, a PE ratio of 10.90, a PEG ratio of 0.19 and a beta of 1.52. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $1.48 billion. On average, analysts anticipate that First Solar, Inc. will post 13.05 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently commented on FSLR. Deutsche Bank Aktiengesellschaft set a $265.00 price objective on shares of First Solar in a report on Thursday, February 27th. Redburn Atlantic began coverage on shares of First Solar in a research note on Monday, March 3rd. They issued a “neutral” rating for the company. Morgan Stanley lowered their price objective on First Solar from $297.00 to $238.00 and set an “overweight” rating for the company in a research report on Thursday, February 27th. Piper Sandler reduced their price target on First Solar from $250.00 to $230.00 and set an “overweight” rating on the stock in a research report on Wednesday, February 26th. Finally, Robert W. Baird cut their target price on shares of First Solar from $307.00 to $267.00 and set an “outperform” rating on the stock in a report on Wednesday, December 18th. Four investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $262.08.

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.