L. Roy Papp & Associates LLP Purchases 181 Shares of First Solar, Inc. (NASDAQ:FSLR)

L. Roy Papp & Associates LLP lifted its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 11.3% during the fourth quarter, HoldingsChannel reports. The firm owned 1,786 shares of the solar cell manufacturer’s stock after buying an additional 181 shares during the quarter. L. Roy Papp & Associates LLP’s holdings in First Solar were worth $315,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaMark Advisors LLC bought a new stake in shares of First Solar in the third quarter worth about $25,000. Strengthening Families & Communities LLC acquired a new position in shares of First Solar in the 3rd quarter valued at approximately $25,000. Kennebec Savings Bank acquired a new stake in First Solar during the 3rd quarter worth approximately $29,000. Larson Financial Group LLC lifted its stake in First Solar by 214.0% in the third quarter. Larson Financial Group LLC now owns 157 shares of the solar cell manufacturer’s stock valued at $39,000 after buying an additional 107 shares in the last quarter. Finally, Crews Bank & Trust acquired a new position in shares of First Solar in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 92.08% of the company’s stock.

First Solar Price Performance

First Solar stock opened at $161.60 on Wednesday. The company has a market capitalization of $17.30 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.19 and a beta of 1.47. The company has a current ratio of 2.14, a quick ratio of 1.44 and a debt-to-equity ratio of 0.05. First Solar, Inc. has a 12 month low of $141.70 and a 12 month high of $306.77. The stock’s 50 day moving average is $182.32 and its 200-day moving average is $203.23.

Analyst Ratings Changes

FSLR has been the topic of several research reports. The Goldman Sachs Group cut their price objective 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. Seaport Res Ptn upgraded shares of First Solar from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, January 15th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $260.00 target price (down previously from $286.00) on shares of First Solar in a research report on Wednesday, October 30th. Mizuho raised First Solar from a “neutral” rating to an “outperform” rating and increased their price target for the company from $218.00 to $259.00 in a research report on Tuesday. Finally, Royal Bank of Canada lowered their price target on First Solar from $315.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 30th. Two analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $276.38.

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.