First Solar, Inc. (NASDAQ:FSLR) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D cut its holdings in First Solar, Inc. (NASDAQ:FSLRFree Report) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,176 shares of the solar cell manufacturer’s stock after selling 2,989 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of First Solar worth $9,239,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC bought a new stake in First Solar during the third quarter valued at about $192,000. Pathstone Family Office LLC boosted its holdings in First Solar by 14.4% during the third quarter. Pathstone Family Office LLC now owns 22,080 shares of the solar cell manufacturer’s stock valued at $3,568,000 after acquiring an additional 2,780 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in First Solar by 10.4% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 11,412 shares of the solar cell manufacturer’s stock valued at $1,844,000 after acquiring an additional 1,071 shares during the period. D.A. Davidson & CO. boosted its holdings in First Solar by 7.3% during the third quarter. D.A. Davidson & CO. now owns 4,480 shares of the solar cell manufacturer’s stock valued at $724,000 after acquiring an additional 305 shares during the period. Finally, Blueshift Asset Management LLC lifted its stake in shares of First Solar by 116.6% in the third quarter. Blueshift Asset Management LLC now owns 3,662 shares of the solar cell manufacturer’s stock valued at $592,000 after buying an additional 1,971 shares during the period. 82.08% of the stock is currently owned by institutional investors.

First Solar Stock Performance

Shares of First Solar stock opened at $151.50 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.19 and a quick ratio of 2.45. The firm has a 50 day simple moving average of $156.54 and a 200 day simple moving average of $163.43. First Solar, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $232.00. The firm has a market cap of $16.19 billion, a P/E ratio of 34.28 and a beta of 1.41.

Insider Buying and Selling

In related news, insider Georges Antoun sold 2,400 shares of the business’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $176.02, for a total value of $422,448.00. Following the completion of the transaction, the insider now owns 42,041 shares in the company, valued at approximately $7,400,056.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.58% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on FSLR shares. Mizuho increased their target price on shares of First Solar from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Jefferies Financial Group started coverage on shares of First Solar in a research note on Friday, December 15th. They issued a “buy” rating and a $211.00 target price for the company. Citigroup reduced their target price on shares of First Solar from $200.00 to $185.00 and set a “neutral” rating for the company in a research note on Wednesday, October 18th. BMO Capital Markets reduced their target price on shares of First Solar from $226.00 to $216.00 and set an “outperform” rating for the company in a research note on Wednesday, November 1st. Finally, JPMorgan Chase & Co. raised shares of First Solar from a “neutral” rating to an “overweight” rating and dropped their price target for the stock from $239.00 to $220.00 in a research report on Thursday, October 19th. Six analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. Based on data from MarketBeat.com, First Solar currently has a consensus rating of “Moderate Buy” and a consensus price target of $234.00.

Read Our Latest Research Report on FSLR

About First Solar

(Free Report)

First Solar, Inc provides photovoltaic (PV) solar energy solutions in the United State, Japan, France, Canada, India, Australia, and internationally. The company designs, manufactures, and sells cadmium telluride solar modules that converts sunlight into electricity. It serves developers and operators of systems, utilities, independent power producers, commercial and industrial companies, and other system owners.

Further Reading

Want to see what other hedge funds are holding FSLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Solar, Inc. (NASDAQ:FSLRFree Report).

Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

Receive News & Ratings for First Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar and related companies with MarketBeat.com's FREE daily email newsletter.