Kintegral Advisory LLC Sells 215 Shares of First Solar, Inc. (NASDAQ:FSLR)

Kintegral Advisory LLC decreased its stake in First Solar, Inc. (NASDAQ:FSLR) by 4.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,623 shares of the solar cell manufacturer’s stock after selling 215 shares during the period. Kintegral Advisory LLC’s holdings in First Solar were worth $815,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the stock. Strengthening Families & Communities LLC acquired a new stake in First Solar during the 3rd quarter valued at approximately $25,000. Kennebec Savings Bank bought a new stake in shares of First Solar in the 3rd quarter valued at $29,000. Larson Financial Group LLC increased its position in shares of 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 during the period. Crews Bank & Trust acquired a new stake in shares of First Solar during the fourth quarter worth $53,000. Finally, Hudson Edge Investment Partners Inc. acquired a new position in First Solar in the fourth quarter valued at $53,000. 92.08% of the stock is currently owned by institutional investors.

First Solar Price Performance

Shares of NASDAQ:FSLR opened at $155.39 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 $16.64 billion, a PE ratio of 13.38, a price-to-earnings-growth ratio of 0.19 and a beta of 1.47. The stock’s fifty day simple moving average is $176.11 and its two-hundred day simple moving average is $200.32. First Solar, Inc. has a 1-year low of $141.70 and a 1-year high of $306.77.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on FSLR. The Goldman Sachs Group decreased their price target on First Solar from $311.00 to $279.00 and set a “buy” rating for the company in a report on Wednesday, October 30th. Seaport Res Ptn raised First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. StockNews.com raised First Solar from a “sell” rating to a “hold” rating in a research note on Thursday, January 2nd. Guggenheim restated a “buy” rating and set a $335.00 price target on shares of First Solar in a report on Wednesday, January 22nd. Finally, Evercore ISI lowered their price objective on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Two research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $276.38.

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.