Osborn Williams & Donohoe LLC Acquires New Position in First Solar, Inc. (NASDAQ:FSLR)

Osborn Williams & Donohoe LLC acquired a new stake in First Solar, Inc. (NASDAQ:FSLR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,225 shares of the solar cell manufacturer’s stock, valued at approximately $368,000.

Other hedge funds have also bought and sold shares of the company. Amica Retiree Medical Trust boosted its stake in First Solar by 814.5% in the first quarter. Amica Retiree Medical Trust now owns 4,097 shares of the solar cell manufacturer’s stock worth $111,000 after buying an additional 3,649 shares during the last quarter. LS Investment Advisors LLC boosted its stake in First Solar by 36.7% in the first quarter. LS Investment Advisors LLC now owns 5,275 shares of the solar cell manufacturer’s stock worth $143,000 after buying an additional 1,417 shares during the last quarter. Trust Co. of Vermont boosted its stake in First Solar by 27.8% in the first quarter. Trust Co. of Vermont now owns 5,477 shares of the solar cell manufacturer’s stock worth $149,000 after buying an additional 1,190 shares during the last quarter. James Investment Research Inc. acquired a new stake in First Solar during the first quarter worth $163,000. Finally, NEXT Financial Group Inc boosted its stake in First Solar by 23.9% in the second quarter. NEXT Financial Group Inc now owns 5,050 shares of the solar cell manufacturer’s stock worth $201,000 after buying an additional 975 shares during the last quarter. 60.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of First Solar, Inc. (NASDAQ:FSLR) traded up 0.61% on Friday, reaching $48.06. 983,257 shares of the company traded hands. The company’s market capitalization is $5.02 billion. First Solar, Inc. has a one year low of $25.56 and a one year high of $50.21. The firm has a 50-day moving average price of $45.14 and a 200 day moving average price of $36.24.

First Solar (NASDAQ:FSLR) last posted its quarterly earnings data on Thursday, July 27th. The solar cell manufacturer reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.60. First Solar had a positive return on equity of 6.43% and a negative net margin of 18.80%. The firm had revenue of $623 million for the quarter, compared to analysts’ expectations of $591.55 million. During the same period in the previous year, the firm earned $0.87 EPS. The business’s quarterly revenue was down 38.7% on a year-over-year basis. Equities analysts forecast that First Solar, Inc. will post $2.11 EPS for the current fiscal year.

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A number of equities analysts have commented on the stock. UBS AG upgraded shares of First Solar from a “sell” rating to a “hold” rating in a research report on Tuesday, May 2nd. Axiom Securities restated a “buy” rating on shares of First Solar in a research report on Thursday, August 10th. JMP Securities set a $67.00 price target on shares of First Solar and gave the company a “buy” rating in a research report on Wednesday. ValuEngine upgraded shares of First Solar from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Finally, BidaskClub lowered shares of First Solar from a “strong-buy” rating to a “buy” rating in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. First Solar has a consensus rating of “Hold” and a consensus target price of $43.89.

In other news, CFO Alexander R. Bradley sold 566 shares of the business’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $48.66, for a total transaction of $27,541.56. Following the transaction, the chief financial officer now owns 963 shares of the company’s stock, valued at approximately $46,859.58. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Raffi Garabedian sold 5,800 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $49.83, for a total value of $289,014.00. Following the transaction, the insider now directly owns 11,474 shares in the company, valued at approximately $571,749.42. The disclosure for this sale can be found here. Over the last three months, insiders sold 95,909 shares of company stock worth $4,705,246. 0.40% of the stock is owned by insiders.

First Solar Company Profile

First Solar, Inc is a provider of photovoltaic (PV) solar energy solutions. The Company designs, manufactures and sells PV solar modules with a thin-film semiconductor technology. The Company also develops, designs, constructs and sells PV solar power systems that primarily use the modules it manufactures.

Institutional Ownership by Quarter for First Solar (NASDAQ:FSLR)

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