Nomura Holdings Inc. lifted its stake in First Solar, Inc. (NASDAQ:FSLR) by 313.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,062 shares of the solar cell manufacturer’s stock after buying an additional 76,419 shares during the period. Nomura Holdings Inc.’s holdings in First Solar were worth $2,742,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan lifted its stake in shares of First Solar by 2.8% in the first quarter. Municipal Employees Retirement System of Michigan now owns 25,320 shares of the solar cell manufacturer’s stock valued at $1,797,000 after purchasing an additional 690 shares during the period. Mason Street Advisors LLC lifted its stake in shares of First Solar by 2.0% in the first quarter. Mason Street Advisors LLC now owns 40,930 shares of the solar cell manufacturer’s stock valued at $2,905,000 after purchasing an additional 798 shares during the period. Thrivent Financial for Lutherans lifted its stake in shares of First Solar by 4.6% in the first quarter. Thrivent Financial for Lutherans now owns 18,529 shares of the solar cell manufacturer’s stock valued at $1,315,000 after purchasing an additional 809 shares during the period. Clean Yield Group increased its holdings in First Solar by 4.7% during the 2nd quarter. Clean Yield Group now owns 22,155 shares of the solar cell manufacturer’s stock valued at $1,167,000 after acquiring an additional 993 shares in the last quarter. Finally, We Are One Seven LLC increased its holdings in First Solar by 34.8% during the 1st quarter. We Are One Seven LLC now owns 3,949 shares of the solar cell manufacturer’s stock valued at $280,000 after acquiring an additional 1,020 shares in the last quarter. 54.20% of the stock is currently owned by hedge funds and other institutional investors.

In other First Solar news, insider Georges Antoun sold 3,142 shares of the company’s stock in a transaction dated Monday, July 23rd. The shares were sold at an average price of $52.72, for a total value of $165,646.24. Following the completion of the sale, the insider now directly owns 71,251 shares of the company’s stock, valued at approximately $3,756,352.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Raffi Garabedian sold 4,159 shares of the company’s stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $52.91, for a total transaction of $220,052.69. Following the completion of the sale, the chief technology officer now directly owns 5,520 shares of the company’s stock, valued at $292,063.20. The disclosure for this sale can be found here. Insiders sold 11,614 shares of company stock worth $609,251 over the last ninety days. 0.54% of the stock is currently owned by corporate insiders.

Shares of NASDAQ FSLR traded up $0.16 during trading on Friday, reaching $45.53. 1,105,983 shares of the stock were exchanged, compared to its average volume of 1,905,668. The stock has a market cap of $5.07 billion, a P/E ratio of 17.58, a PEG ratio of 1.81 and a beta of 1.46. The company has a current ratio of 4.89, a quick ratio of 4.60 and a debt-to-equity ratio of 0.09. First Solar, Inc. has a twelve month low of $44.72 and a twelve month high of $81.72.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings results on Thursday, July 26th. The solar cell manufacturer reported ($0.46) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.43). The company had revenue of $309.00 million during the quarter, compared to analyst estimates of $509.19 million. First Solar had a negative net margin of 8.35% and a positive return on equity of 4.12%. The company’s revenue was down 50.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.64 earnings per share. On average, research analysts expect that First Solar, Inc. will post 1.68 EPS for the current fiscal year.

Several equities analysts have weighed in on FSLR shares. JPMorgan Chase & Co. set a $79.00 price target on shares of First Solar and gave the stock a “buy” rating in a report on Wednesday, August 1st. Cowen reiterated a “buy” rating and set a $85.00 price target on shares of First Solar in a report on Friday, July 27th. Roth Capital set a $90.00 target price on shares of First Solar and gave the company a “buy” rating in a report on Friday, July 27th. Needham & Company LLC lowered their target price on shares of First Solar to $75.00 and set a “buy” rating for the company in a report on Friday, July 27th. Finally, Bank of America upgraded shares of First Solar from a “neutral” rating to a “buy” rating and set a $63.00 target price for the company in a report on Monday, June 25th. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $70.85.

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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