Crossmark Global Holdings Inc. Sells 225 Shares of First Solar, Inc. (NASDAQ:FSLR)

Crossmark Global Holdings Inc. reduced its stake in First Solar, Inc. (NASDAQ:FSLRFree Report) by 4.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,915 shares of the solar cell manufacturer’s stock after selling 225 shares during the period. Crossmark Global Holdings Inc.’s holdings in First Solar were worth $846,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Estabrook Capital Management acquired a new stake in First Solar in the 3rd quarter valued at $29,000. Baystate Wealth Management LLC acquired a new stake in shares of First Solar in the 4th quarter valued at $29,000. Headinvest LLC bought a new stake in shares of First Solar in the 3rd quarter worth about $30,000. Rakuten Securities Inc. bought a new stake in shares of First Solar in the 4th quarter worth about $34,000. Finally, USCF Advisers LLC increased its position in shares of First Solar by 100.0% during the 4th quarter. USCF Advisers LLC now owns 200 shares of the solar cell manufacturer’s stock worth $34,000 after purchasing an additional 100 shares in the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

FSLR has been the topic of several research analyst reports. Oppenheimer upped their price objective on shares of First Solar from $269.00 to $271.00 and gave the stock an “outperform” rating in a research note on Thursday, May 2nd. Wells Fargo & Company raised First Solar from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $187.00 to $250.00 in a report on Friday, April 19th. Barclays boosted their price objective on First Solar from $227.00 to $228.00 and gave the stock an “overweight” rating in a research note on Wednesday, May 15th. Bank of America raised their target price on First Solar from $187.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Jefferies Financial Group lifted their price target on First Solar from $209.50 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Four research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $259.64.

Check Out Our Latest Stock Report on FSLR

Insider Activity

In related news, CFO Alexander R. Bradley sold 16,051 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $274.69, for a total transaction of $4,409,049.19. Following the completion of the transaction, the chief financial officer now owns 30,652 shares in the company, valued at $8,419,797.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other First Solar news, Director Richard D. Chapman sold 3,165 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $190.48, for a total transaction of $602,869.20. Following the transaction, the director now owns 1,045 shares of the company’s stock, valued at approximately $199,051.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Alexander R. Bradley sold 16,051 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $274.69, for a total value of $4,409,049.19. Following the sale, the chief financial officer now owns 30,652 shares in the company, valued at approximately $8,419,797.88. The disclosure for this sale can be found here. Insiders have sold 56,519 shares of company stock worth $13,324,756 over the last ninety days. Insiders own 0.58% of the company’s stock.

First Solar Trading Up 4.7 %

NASDAQ:FSLR opened at $279.80 on Tuesday. The business’s 50-day simple moving average is $205.73 and its 200-day simple moving average is $173.47. First Solar, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $286.60. The company has a debt-to-equity ratio of 0.06, a current ratio of 2.41 and a quick ratio of 1.86. The stock has a market capitalization of $29.95 billion, a PE ratio of 29.33, a price-to-earnings-growth ratio of 0.35 and a beta of 1.48.

First Solar (NASDAQ:FSLRGet Free Report) last posted its quarterly earnings data on Wednesday, May 1st. The solar cell manufacturer reported $2.20 EPS for the quarter, beating the consensus estimate of $1.90 by $0.30. First Solar had a net margin of 28.75% and a return on equity of 16.24%. The business had revenue of $794.10 million for the quarter, compared to analysts’ expectations of $718.19 million. The firm’s revenue was up 44.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.40 EPS. Sell-side analysts expect that First Solar, Inc. will post 13.55 earnings per share for the current fiscal year.

About First Solar

(Free Report)

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.

See Also

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

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