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

Atria Investments Inc raised its position in First Solar, Inc. (NASDAQ:FSLR) by 24.7% in the third quarter, HoldingsChannel reports. The fund owned 2,476 shares of the solar cell manufacturer’s stock after purchasing an additional 490 shares during the quarter. Atria Investments Inc’s holdings in First Solar were worth $618,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Blair William & Co. IL raised its holdings in shares of First Solar by 5.8% in the first quarter. Blair William & Co. IL now owns 4,454 shares of the solar cell manufacturer’s stock valued at $752,000 after purchasing an additional 243 shares during the last quarter. Bessemer Group Inc. increased its position in First Solar by 10.6% in the first quarter. Bessemer Group Inc. now owns 7,751 shares of the solar cell manufacturer’s stock worth $1,309,000 after buying an additional 740 shares during the last quarter. National Bank of Canada FI raised its stake in shares of First Solar by 102.4% in the first quarter. National Bank of Canada FI now owns 122,407 shares of the solar cell manufacturer’s stock valued at $20,662,000 after buying an additional 61,942 shares during the period. CANADA LIFE ASSURANCE Co grew its stake in shares of First Solar by 45.1% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 74,830 shares of the solar cell manufacturer’s stock worth $12,638,000 after acquiring an additional 23,264 shares during the period. Finally, LGT Group Foundation purchased a new stake in First Solar in the 1st quarter worth about $3,758,000. 92.08% of the stock is owned by institutional investors.

First Solar Price Performance

NASDAQ FSLR opened at $187.36 on Wednesday. The stock has a 50-day moving average of $215.67 and a 200 day moving average of $225.99. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.44 and a current ratio of 2.14. The company has a market capitalization of $20.06 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 0.33 and a beta of 1.48. First Solar, Inc. has a one year low of $135.88 and a one year high of $306.77.

First Solar (NASDAQ:FSLR) last posted its earnings results on Tuesday, October 29th. The solar cell manufacturer reported $2.91 EPS for the quarter, missing analysts’ consensus estimates of $3.10 by ($0.19). The company had revenue of $887.70 million during the quarter, compared to the consensus estimate of $1.07 billion. First Solar had a return on equity of 17.56% and a net margin of 32.41%. The company’s revenue for the quarter was up 10.7% on a year-over-year basis. During the same period last year, the firm posted $2.50 EPS. On average, sell-side analysts forecast that First Solar, Inc. will post 13.16 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on FSLR. The Goldman Sachs Group lowered their price target on shares of First Solar from $311.00 to $279.00 and set a “buy” rating on the stock in a research report on Wednesday, October 30th. Evercore ISI reduced their price objective on shares of First Solar from $281.00 to $278.00 and set an “outperform” rating for the company in a research note on Wednesday, October 30th. Citigroup raised shares of First Solar from a “neutral” rating to a “buy” rating and upped their price target for the stock from $200.00 to $254.00 in a report on Tuesday, October 22nd. DZ Bank upgraded First Solar from a “hold” rating to a “buy” rating and set a $280.00 target price for the company in a research report on Thursday, August 1st. Finally, Barclays cut their price objective on First Solar from $290.00 to $275.00 and set an “overweight” rating for the company in a report on Wednesday, November 13th. 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 company currently has an average rating of “Moderate Buy” and a consensus target price of $280.50.

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.