Coldstream Capital Management Inc. Has $934,000 Stock Holdings in First Solar, Inc. (NASDAQ:FSLR)

Coldstream Capital Management Inc. boosted its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 18.0% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,142 shares of the solar cell manufacturer’s stock after acquiring an additional 632 shares during the period. Coldstream Capital Management Inc.’s holdings in First Solar were worth $934,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of FSLR. Vanguard Group Inc. grew its holdings in shares of First Solar by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 12,257,053 shares of the solar cell manufacturer’s stock valued at $2,068,991,000 after buying an additional 105,236 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in shares of First Solar by 11.1% in the 1st quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 2,801,916 shares of the solar cell manufacturer’s stock valued at $472,963,000 after buying an additional 279,719 shares during the period. Schroder Investment Management Group grew its holdings in shares of First Solar by 16.7% in the 4th quarter. Schroder Investment Management Group now owns 2,454,499 shares of the solar cell manufacturer’s stock valued at $422,861,000 after buying an additional 351,540 shares during the period. Norges Bank acquired a new position in shares of First Solar in the 4th quarter valued at $298,123,000. Finally, Northern Trust Corp grew its holdings in shares of First Solar by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,020,527 shares of the solar cell manufacturer’s stock valued at $175,816,000 after buying an additional 16,756 shares during the period. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Stock Up 15.2 %

Shares of FSLR opened at $239.84 on Thursday. First Solar, Inc. has a 52 week low of $129.21 and a 52 week high of $306.77. The firm has a market cap of $25.67 billion, a P/E ratio of 25.14, a price-to-earnings-growth ratio of 0.35 and a beta of 1.44. The firm’s 50-day simple moving average is $220.84 and its 200 day simple moving average is $208.92. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.65 and a current ratio of 2.23.

First Solar (NASDAQ:FSLR) last announced its earnings results on Tuesday, July 30th. The solar cell manufacturer reported $3.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.69 by $0.56. First Solar had a net margin of 31.98% and a return on equity of 17.73%. The firm had revenue of $1.01 billion for the quarter, compared to analyst estimates of $939.71 million. During the same quarter in the prior year, the business posted $1.85 EPS. The business’s revenue was up 24.6% compared to the same quarter last year. On average, analysts forecast that First Solar, Inc. will post 13.6 earnings per share for the current year.

Wall Street Analyst Weigh In

FSLR has been the subject of several research analyst reports. UBS Group boosted their price target on shares of First Solar from $350.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, July 31st. Morgan Stanley boosted their price target on shares of First Solar from $248.00 to $331.00 and gave the company an “overweight” rating in a report on Tuesday, June 4th. William Blair initiated coverage on shares of First Solar in a research report on Thursday, August 29th. They issued a “market perform” rating on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $315.00 price objective on shares of First Solar in a research report on Wednesday, July 31st. Finally, BMO Capital Markets cut their price objective on shares of First Solar from $311.00 to $286.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Five equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $277.25.

Insider Transactions at First Solar

In related news, CAO Byron Michael Jeffers sold 1,766 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were sold at an average price of $216.50, for a total value of $382,339.00. Following the completion of the transaction, the chief accounting officer now owns 500 shares of the company’s stock, valued at approximately $108,250. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Patrick James Buehler sold 8,619 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were sold at an average price of $222.00, for a total transaction of $1,913,418.00. Following the completion of the transaction, the insider now owns 3,468 shares of the company’s stock, valued at $769,896. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Byron Michael Jeffers sold 1,766 shares of the stock in a transaction on Wednesday, August 7th. The stock was sold at an average price of $216.50, for a total transaction of $382,339.00. Following the sale, the chief accounting officer now owns 500 shares of the company’s stock, valued at $108,250. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,506 shares of company stock valued at $2,827,217. Company insiders own 0.58% of the company’s stock.

About First Solar

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.