Integral Investment Advisors Inc. Has $412,000 Stake in First Solar, Inc. (NASDAQ:FSLR)

Integral Investment Advisors Inc. boosted its stake in shares of First Solar, Inc. (NASDAQ:FSLR) by 5.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,392 shares of the solar cell manufacturer’s stock after buying an additional 119 shares during the quarter. Integral Investment Advisors Inc.’s holdings in First Solar were worth $412,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of First Solar by 4.0% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 548,058 shares of the solar cell manufacturer’s stock worth $94,419,000 after acquiring an additional 20,946 shares during the last quarter. Assenagon Asset Management S.A. increased its position in First Solar by 504.1% during the 4th quarter. Assenagon Asset Management S.A. now owns 399,650 shares of the solar cell manufacturer’s stock valued at $68,852,000 after purchasing an additional 333,496 shares during the period. Sora Investors LLC raised its holdings in First Solar by 63.6% during the 3rd quarter. Sora Investors LLC now owns 90,000 shares of the solar cell manufacturer’s stock worth $14,543,000 after purchasing an additional 35,000 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of First Solar by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 12,040,031 shares of the solar cell manufacturer’s stock worth $1,945,549,000 after purchasing an additional 279,424 shares during the period. Finally, Bull Oak Capital LLC boosted its stake in shares of First Solar by 304,592.2% in the 4th quarter. Bull Oak Capital LLC now owns 155,393 shares of the solar cell manufacturer’s stock valued at $26,771,000 after purchasing an additional 155,342 shares during the last quarter. 92.08% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

FSLR has been the topic of several recent analyst reports. DZ Bank assumed coverage on shares of First Solar in a report on Wednesday. They issued a “buy” rating and a $205.00 target price on the stock. Roth Mkm reissued a “buy” rating and issued a $230.00 price objective on shares of First Solar in a research note on Thursday. Susquehanna reaffirmed a “positive” rating and set a $258.00 target price on shares of First Solar in a research note on Friday, April 5th. Bank of America boosted their price target on First Solar from $187.00 to $194.00 and gave the company a “buy” rating in a research note on Wednesday, April 10th. Finally, Mizuho lifted their price objective on shares of First Solar from $188.00 to $196.00 and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Four research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, First Solar currently has an average rating of “Moderate Buy” and an average target price of $227.04.

Insider Activity

In other First Solar news, insider Georges Antoun sold 2,400 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $176.00, for a total value of $422,400.00. Following the transaction, the insider now owns 37,412 shares of the company’s stock, valued at $6,584,512. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other First Solar news, insider Georges Antoun sold 2,400 shares of the firm’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $176.00, for a total value of $422,400.00. Following the completion of the sale, the insider now directly owns 37,412 shares of the company’s stock, valued at $6,584,512. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Kuntal Kumar Verma sold 787 shares of the stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $160.00, for a total value of $125,920.00. Following the transaction, the insider now owns 4,920 shares of the company’s stock, valued at approximately $787,200. The disclosure for this sale can be found here. Insiders sold a total of 26,620 shares of company stock valued at $4,269,540 over the last three months. Corporate insiders own 0.58% of the company’s stock.

First Solar Stock Down 2.2 %

Shares of NASDAQ FSLR traded down $3.88 during trading on Thursday, hitting $174.13. The stock had a trading volume of 1,121,455 shares, compared to its average volume of 2,070,708. The firm has a fifty day moving average of $160.24 and a two-hundred day moving average of $155.92. The company has a market capitalization of $18.64 billion, a PE ratio of 22.86, a PEG ratio of 0.30 and a beta of 1.41. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.55 and a quick ratio of 2.92. First Solar, Inc. has a 12 month low of $129.21 and a 12 month high of $232.00.

First Solar (NASDAQ:FSLR) last released its quarterly earnings results on Tuesday, February 27th. The solar cell manufacturer reported $3.25 earnings per share for the quarter, topping the consensus estimate of $3.19 by $0.06. The business had revenue of $1.16 billion for the quarter, compared to analysts’ expectations of $1.31 billion. First Solar had a net margin of 25.03% and a return on equity of 13.80%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.07) earnings per share. As a group, equities research analysts forecast that First Solar, Inc. will post 13.55 EPS for the current fiscal year.

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.