First Solar, Inc. (FSLR) Shares Sold by Aperio Group LLC

Aperio Group LLC lessened its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 4.5% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 88,901 shares of the solar cell manufacturer’s stock after selling 4,203 shares during the quarter. Aperio Group LLC’s holdings in First Solar were worth $4,305,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. BlackRock Inc. boosted its stake in shares of First Solar by 1.3% in the second quarter. BlackRock Inc. now owns 7,393,496 shares of the solar cell manufacturer’s stock valued at $389,341,000 after purchasing an additional 98,465 shares during the period. OppenheimerFunds Inc. boosted its stake in shares of First Solar by 98.9% in the second quarter. OppenheimerFunds Inc. now owns 2,014,693 shares of the solar cell manufacturer’s stock valued at $106,094,000 after purchasing an additional 1,001,993 shares during the period. Luminus Management LLC boosted its stake in shares of First Solar by 5,435.8% in the second quarter. Luminus Management LLC now owns 1,292,562 shares of the solar cell manufacturer’s stock valued at $68,067,000 after purchasing an additional 1,269,213 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of First Solar by 14.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,169,076 shares of the solar cell manufacturer’s stock valued at $61,561,000 after purchasing an additional 146,447 shares during the period. Finally, Calamos Advisors LLC boosted its stake in shares of First Solar by 56.6% in the second quarter. Calamos Advisors LLC now owns 862,950 shares of the solar cell manufacturer’s stock valued at $45,443,000 after purchasing an additional 311,998 shares during the period. 53.76% of the stock is owned by institutional investors.

Several research analysts have recently commented on the stock. BidaskClub lowered shares of First Solar from a “hold” rating to a “sell” rating in a research note on Friday, August 17th. Cowen reissued a “buy” rating and issued a $85.00 price objective on shares of First Solar in a research note on Friday, July 27th. JPMorgan Chase & Co. set a $75.00 price objective on shares of First Solar and gave the company a “buy” rating in a research note on Tuesday. Zacks Investment Research lowered shares of First Solar from a “hold” rating to a “sell” rating in a research note on Wednesday, September 26th. Finally, Needham & Company LLC lowered their price objective on shares of First Solar to $75.00 and set a “buy” rating for the company in a research note on Friday, July 27th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $68.03.

In related news, insider Raffi Garabedian sold 3,863 shares of the firm’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $51.61, for a total value of $199,369.43. Following the sale, the insider now owns 2,057 shares of the company’s stock, valued at $106,161.77. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.54% of the stock is owned by company insiders.

Shares of NASDAQ:FSLR opened at $43.00 on Friday. The company has a market capitalization of $4.17 billion, a P/E ratio of 16.60, a PEG ratio of 1.63 and a beta of 1.46. First Solar, Inc. has a fifty-two week low of $36.51 and a fifty-two week high of $81.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.14 and a current ratio of 4.48.

First Solar (NASDAQ:FSLR) last issued its earnings results on Thursday, October 25th. The solar cell manufacturer reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.45 by $0.09. The firm had revenue of $676.22 million for the quarter, compared to analysts’ expectations of $683.93 million. First Solar had a negative net margin of 17.98% and a positive return on equity of 1.29%. As a group, analysts predict that First Solar, Inc. will post 1.52 earnings per share for the current fiscal year.

First Solar Profile

First Solar, Inc provides photovoltaic solar energy solutions in the United States and internationally. It operates through two segments, Components and Systems. The Components segment designs, manufactures, and sells cadmium telluride solar modules that convert sunlight into electricity. This segment offers its products to integrators and operators.

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

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