First Solar, Inc. (NASDAQ:FSLR) Shares Bought by Buffington Mohr McNeal

Buffington Mohr McNeal raised its stake in First Solar, Inc. (NASDAQ:FSLR) by 22.0% during the 3rd quarter, HoldingsChannel reports. The firm owned 4,786 shares of the solar cell manufacturer’s stock after acquiring an additional 862 shares during the period. Buffington Mohr McNeal’s holdings in First Solar were worth $1,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Naviter Wealth LLC purchased a new position in shares of First Solar in the 3rd quarter valued at approximately $723,000. Beech Hill Advisors Inc. grew its stake in shares of First Solar by 0.8% in the 3rd quarter. Beech Hill Advisors Inc. now owns 26,440 shares of the solar cell manufacturer’s stock valued at $6,595,000 after purchasing an additional 212 shares during the last quarter. Vontobel Holding Ltd. boosted its stake in shares of First Solar by 18.3% in the third quarter. Vontobel Holding Ltd. now owns 196,923 shares of the solar cell manufacturer’s stock valued at $49,120,000 after buying an additional 30,514 shares in the last quarter. Foster Victor Wealth Advisors LLC boosted its stake in shares of First Solar by 6.7% in the third quarter. Foster Victor Wealth Advisors LLC now owns 47,207 shares of the solar cell manufacturer’s stock valued at $11,775,000 after buying an additional 2,944 shares in the last quarter. Finally, HTLF Bank purchased a new stake in shares of First Solar in the third quarter valued at approximately $201,000. 92.08% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at First Solar

In related news, insider Patrick James Buehler sold 8,619 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was sold at an average price of $222.00, for a total value of $1,913,418.00. Following the completion of the transaction, the insider now directly owns 3,468 shares in the company, valued at approximately $769,896. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CAO Byron Michael Jeffers sold 1,766 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was sold at an average price of $216.50, for a total transaction of $382,339.00. Following the completion of the sale, the chief accounting officer now owns 500 shares in the company, valued at approximately $108,250. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Patrick James Buehler sold 8,619 shares of the stock in a transaction that occurred on Tuesday, August 13th. The stock was sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the sale, the insider now directly owns 3,468 shares of the company’s stock, valued at approximately $769,896. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 10,885 shares of company stock worth $2,405,757. 0.58% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on FSLR shares. Piper Sandler lifted their price target on First Solar from $219.00 to $250.00 and gave the company an “overweight” rating in a research note on Monday, July 22nd. Deutsche Bank Aktiengesellschaft lifted their price target on First Solar from $215.00 to $280.00 and gave the company a “buy” rating in a research note on Friday, June 28th. JPMorgan Chase & Co. lifted their price target on First Solar from $262.00 to $282.00 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. UBS Group lifted their price target on First Solar from $350.00 to $360.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Finally, Susquehanna decreased their price target on First Solar from $285.00 to $280.00 and set a “positive” rating on the stock in a research note on Wednesday. Four analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $283.64.

First Solar Stock Performance

NASDAQ FSLR opened at $203.37 on Friday. First Solar, Inc. has a fifty-two week low of $129.21 and a fifty-two week high of $306.77. The stock has a market cap of $21.77 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 0.38 and a beta of 1.44. The business has a fifty day moving average of $227.19 and a 200-day moving average of $222.24. The company has a quick ratio of 1.65, a current ratio of 2.23 and a debt-to-equity ratio of 0.06.

First Solar (NASDAQ:FSLR) last released its earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 EPS for the quarter, beating the consensus estimate of $2.69 by $0.56. The firm 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%. The business’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.85 earnings per share. As a group, analysts predict that First Solar, Inc. will post 13.53 earnings per share for the current fiscal year.

About First Solar

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.