Jason E. Dymbort Sells 363 Shares of First Solar, Inc. (NASDAQ:FSLR) Stock

First Solar, Inc. (NASDAQ:FSLR) General Counsel Jason E. Dymbort sold 363 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $133.75, for a total transaction of $48,551.25. Following the completion of the transaction, the general counsel now directly owns 22,273 shares of the company’s stock, valued at approximately $2,979,013.75. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

First Solar Stock Up 1.6 %

First Solar stock opened at $129.34 on Thursday. The stock has a market cap of $13.85 billion, a P/E ratio of 11.14, a P/E/G ratio of 0.19 and a beta of 1.52. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a twelve month low of $124.96 and a twelve month high of $306.77. The company’s 50-day moving average price is $158.67 and its two-hundred day moving average price is $189.31.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, February 25th. The solar cell manufacturer reported $3.65 EPS for the quarter, missing the consensus estimate of $4.81 by ($1.16). First Solar had a return on equity of 17.56% and a net margin of 32.41%. The business had revenue of $1.51 billion for the quarter, compared to the consensus estimate of $1.48 billion. As a group, analysts expect that First Solar, Inc. will post 13.05 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have commented on FSLR shares. Barclays cut their price target on shares of First Solar from $273.00 to $236.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. BMO Capital Markets reissued an “outperform” rating and set a $230.00 price target (down from $260.00) on shares of First Solar in a research report on Wednesday, February 26th. Royal Bank of Canada cut their price target on shares of First Solar from $280.00 to $251.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 26th. Bank of America cut their price target on shares of First Solar from $246.00 to $236.00 and set a “buy” rating on the stock in a research report on Tuesday, January 28th. Finally, Deutsche Bank Aktiengesellschaft set a $265.00 price target on shares of First Solar in a research report on Thursday, February 27th. Four research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $262.08.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in FSLR. Atria Investments Inc increased its holdings in shares of First Solar by 24.7% during the third quarter. Atria Investments Inc now owns 2,476 shares of the solar cell manufacturer’s stock worth $618,000 after purchasing an additional 490 shares during the period. Oppenheimer & Co. Inc. increased its holdings in shares of First Solar by 239.8% during the third quarter. Oppenheimer & Co. Inc. now owns 3,153 shares of the solar cell manufacturer’s stock worth $786,000 after purchasing an additional 2,225 shares during the period. Huntington National Bank increased its holdings in shares of First Solar by 95.2% during the third quarter. Huntington National Bank now owns 443 shares of the solar cell manufacturer’s stock worth $111,000 after purchasing an additional 216 shares during the period. CIBC Asset Management Inc increased its stake in First Solar by 8.3% in the third quarter. CIBC Asset Management Inc now owns 15,786 shares of the solar cell manufacturer’s stock valued at $3,938,000 after acquiring an additional 1,216 shares during the last quarter. Finally, Empirical Finance LLC increased its stake in First Solar by 8.5% in the third quarter. Empirical Finance LLC now owns 1,730 shares of the solar cell manufacturer’s stock valued at $432,000 after acquiring an additional 136 shares during the last quarter. 92.08% of the stock is owned by institutional investors.

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.