Signaturefd LLC Purchases 239 Shares of First Solar, Inc. (NASDAQ:FSLR)

Signaturefd LLC lifted its position in First Solar, Inc. (NASDAQ:FSLR) by 8.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,977 shares of the solar cell manufacturer’s stock after acquiring an additional 239 shares during the period. Signaturefd LLC’s holdings in First Solar were worth $671,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Dixon Mitchell Investment Counsel Inc. purchased a new position in First Solar during the first quarter valued at $25,000. University of Texas Texas AM Investment Managment Co. purchased a new position in First Solar during the fourth quarter valued at $27,000. Summit Securities Group LLC purchased a new position in First Solar during the second quarter valued at $36,000. Riverview Trust Co purchased a new position in First Solar during the first quarter valued at $32,000. Finally, Mather Group LLC. increased its holdings in shares of First Solar by 321.2% in the 2nd quarter. Mather Group LLC. now owns 219 shares of the solar cell manufacturer’s stock worth $49,000 after purchasing an additional 167 shares in the last quarter. Institutional investors own 92.08% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on FSLR. Royal Bank of Canada reissued an “outperform” rating and issued a $315.00 target price on shares of First Solar in a report on Wednesday, July 31st. UBS Group lifted their target price on First Solar from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Piper Sandler lifted their price objective on First Solar from $219.00 to $250.00 and gave the stock an “overweight” rating in a report on Monday, July 22nd. Mizuho reaffirmed a “neutral” rating and issued a $274.00 price objective (up previously from $209.00) on shares of First Solar in a report on Thursday, May 30th. Finally, JPMorgan Chase & Co. lifted their price objective on First Solar from $262.00 to $282.00 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Five equities research analysts have rated the stock with a hold rating and twenty-two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $275.36.

First Solar Trading Up 1.9 %

FSLR opened at $227.37 on Friday. The stock’s 50 day moving average price is $224.43 and its 200-day moving average price is $204.99. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.86 and a current ratio of 2.23. The stock has a market cap of $24.34 billion, a price-to-earnings ratio of 23.83, a P/E/G ratio of 0.37 and a beta of 1.44. First Solar, Inc. has a one year low of $129.21 and a one year high of $306.77.

First Solar (NASDAQ:FSLR) last posted its earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.69 by $0.56. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $939.71 million. First Solar had a return on equity of 17.73% and a net margin of 31.98%. First Solar’s revenue was up 24.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.85 earnings per share. On average, equities analysts forecast that First Solar, Inc. will post 13.53 EPS for the current year.

Insider Activity

In other news, CAO Byron Michael Jeffers sold 500 shares of the stock in a transaction on Monday, August 12th. The stock was sold at an average price of $220.00, for a total transaction of $110,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CAO Byron Michael Jeffers sold 500 shares of the firm’s stock in a transaction on Monday, August 12th. The stock was sold at an average price of $220.00, for a total value of $110,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Kuntal Kumar Verma sold 1,621 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $260.00, for a total value of $421,460.00. Following the completion of the transaction, the insider now owns 3,549 shares of the company’s stock, valued at approximately $922,740. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,506 shares of company stock worth $2,827,217. Insiders own 0.58% of the company’s stock.

First Solar 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.