Atria Investments Inc Has $618,000 Position in First Solar, Inc. (NASDAQ:FSLR)

Atria Investments Inc grew its position in First Solar, Inc. (NASDAQ:FSLR) by 24.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,476 shares of the solar cell manufacturer’s stock after purchasing an additional 490 shares during the period. Atria Investments Inc’s holdings in First Solar were worth $618,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. AlphaMark Advisors LLC acquired a new stake in First Solar in the 3rd quarter valued at about $25,000. Atlas Capital Advisors LLC raised its position in shares of First Solar by 411.1% during the 2nd quarter. Atlas Capital Advisors LLC now owns 138 shares of the solar cell manufacturer’s stock valued at $31,000 after acquiring an additional 111 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of First Solar in the 2nd quarter valued at $36,000. Itau Unibanco Holding S.A. bought a new stake in First Solar in the second quarter valued at about $38,000. Finally, Alta Advisers Ltd bought a new position in First Solar during the second quarter worth about $45,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

Shares of FSLR opened at $187.36 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 2.14 and a debt-to-equity ratio of 0.05. The stock has a market cap of $20.06 billion, a PE ratio of 16.14, a PEG ratio of 0.33 and a beta of 1.48. First Solar, Inc. has a 12-month low of $135.88 and a 12-month high of $306.77. The business has a 50-day simple moving average of $215.67 and a two-hundred day simple moving average of $225.99.

First Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.10 by ($0.19). The business had revenue of $887.70 million during the quarter, compared to analyst estimates of $1.07 billion. First Solar had a net margin of 32.41% and a return on equity of 17.56%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company posted $2.50 earnings per share. Analysts anticipate that First Solar, Inc. will post 13.16 earnings per share for the current fiscal year.

Analyst Ratings Changes

FSLR has been the topic of several recent analyst reports. Royal Bank of Canada reduced their price objective on shares of First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 30th. Jefferies Financial Group lowered their price objective on shares of First Solar from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Roth Mkm reduced their target price on First Solar from $320.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, October 15th. Seaport Res Ptn upgraded First Solar to a “hold” rating in a report on Tuesday, November 5th. Finally, Mizuho lowered their target price on First Solar from $274.00 to $257.00 and set a “neutral” rating for the company in a research note on Thursday, October 31st. Four analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $280.50.

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.