First Solar, Inc. (FSLR) Position Trimmed by Oregon Public Employees Retirement Fund

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Oregon Public Employees Retirement Fund trimmed its holdings in shares of First Solar, Inc. (NASDAQ:FSLR) by 6.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,861 shares of the solar cell manufacturer’s stock after selling 2,227 shares during the period. Oregon Public Employees Retirement Fund’s holdings in First Solar were worth $1,268,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Private Capital Group LLC increased its stake in shares of First Solar by 68.6% in the 4th quarter. Private Capital Group LLC now owns 1,165 shares of the solar cell manufacturer’s stock valued at $49,000 after buying an additional 474 shares during the period. Valeo Financial Advisors LLC increased its stake in shares of First Solar by 180.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,555 shares of the solar cell manufacturer’s stock valued at $66,000 after buying an additional 1,000 shares during the period. ETF Managers Group LLC increased its stake in shares of First Solar by 15.8% in the 4th quarter. ETF Managers Group LLC now owns 1,828 shares of the solar cell manufacturer’s stock valued at $78,000 after buying an additional 249 shares during the period. Advisors Asset Management Inc. increased its stake in shares of First Solar by 231.8% in the 4th quarter. Advisors Asset Management Inc. now owns 2,641 shares of the solar cell manufacturer’s stock valued at $112,000 after buying an additional 1,845 shares during the period. Finally, Cornerstone Advisors Inc. increased its stake in shares of First Solar by 74.3% in the 4th quarter. Cornerstone Advisors Inc. now owns 3,629 shares of the solar cell manufacturer’s stock valued at $154,000 after buying an additional 1,547 shares during the period. 54.43% of the stock is owned by hedge funds and other institutional investors.

FSLR stock traded up $0.84 during midday trading on Tuesday, hitting $50.56. 9,659 shares of the company’s stock were exchanged, compared to its average volume of 1,478,700. The company has a current ratio of 4.48, a quick ratio of 4.14 and a debt-to-equity ratio of 0.09. The firm has a market cap of $5.10 billion, a PE ratio of 19.57, a P/E/G ratio of 1.21 and a beta of 1.31. First Solar, Inc. has a one year low of $36.51 and a one year high of $81.72.

Several research analysts have recently issued reports on the company. BidaskClub lowered First Solar from a “hold” rating to a “sell” rating in a research report on Saturday. Goldman Sachs Group upgraded First Solar to a “buy” rating and set a $57.00 price target on the stock in a research report on Wednesday, January 16th. Barclays assumed coverage on First Solar in a research report on Monday, January 7th. They issued an “overweight” rating and a $63.00 price target on the stock. ValuEngine lowered First Solar from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Cascend Securities upgraded First Solar from a “hold” rating to a “buy” rating in a research report on Monday, December 17th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $65.47.

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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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