New York State Common Retirement Fund decreased its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 8.1% during the third quarter, Holdings Channel reports. The fund owned 194,000 shares of the solar cell manufacturer’s stock after selling 17,000 shares during the period. New York State Common Retirement Fund owned approximately 0.19% of First Solar worth $7,661,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of FSLR. BOKF NA raised its position in shares of First Solar by 3.8% in the second quarter. BOKF NA now owns 2,202 shares of the solar cell manufacturer’s stock worth $106,000 after buying an additional 81 shares during the last quarter. Cornerstone Advisors Inc. raised its position in shares of First Solar by 2,220.9% in the third quarter. Cornerstone Advisors Inc. now owns 2,994 shares of the solar cell manufacturer’s stock worth $118,000 after buying an additional 2,865 shares during the last quarter. LS Investment Advisors LLC raised its position in shares of First Solar by 27.2% in the second quarter. LS Investment Advisors LLC now owns 2,782 shares of the solar cell manufacturer’s stock worth $135,000 after buying an additional 595 shares during the last quarter. Pacad Investment Ltd. purchased a new position in shares of First Solar during the second quarter worth about $141,000. Finally, Northwestern Mutual Investment Management Company LLC raised its position in shares of First Solar by 0.4% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 2,924 shares of the solar cell manufacturer’s stock worth $142,000 after buying an additional 11 shares during the last quarter. 57.77% of the stock is owned by hedge funds and other institutional investors.

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

First Solar, Inc. (NASDAQ:FSLR) traded up 3.2977% during midday trading on Friday, reaching $36.0199. The company had a trading volume of 682,773 shares. The firm has a market capitalization of $3.74 billion, a P/E ratio of 7.3585 and a beta of 2.04. The stock’s 50 day moving average price is $32.33 and its 200-day moving average price is $38.68. First Solar, Inc. has a one year low of $28.60 and a one year high of $74.29.

First Solar (NASDAQ:FSLR) last issued its quarterly earnings results on Wednesday, November 2nd. The solar cell manufacturer reported $1.22 EPS for the quarter, topping the consensus estimate of $0.74 by $0.48. First Solar had a net margin of 14.72% and a return on equity of 9.58%. The firm had revenue of $688 million for the quarter, compared to analysts’ expectations of $980.48 million. During the same period in the previous year, the firm posted $3.41 EPS. The company’s revenue for the quarter was down 45.9% on a year-over-year basis. On average, equities research analysts anticipate that First Solar, Inc. will post $4.70 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “New York State Common Retirement Fund Reduces Position in First Solar, Inc. (FSLR)” was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this piece of content on another website, it was copied illegally and republished in violation of US and international trademark & copyright laws. The original version of this piece of content can be viewed at http://www.watchlistnews.com/new-york-state-common-retirement-fund-reduces-position-in-first-solar-inc-fslr/1059872.html.

A number of equities analysts have issued reports on FSLR shares. Vetr lowered First Solar from a “strong-buy” rating to a “buy” rating and set a $42.68 price target for the company. in a research note on Wednesday, October 12th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of First Solar in a research note on Friday, October 7th. Williams Capital initiated coverage on First Solar in a research note on Friday, September 30th. They set a “buy” rating and a $50.00 price target for the company. Robert W. Baird set a $33.00 price objective on First Solar and gave the stock a “buy” rating in a research note on Saturday, November 19th. Finally, Guggenheim set a $45.00 price objective on First Solar and gave the stock a “buy” rating in a research note on Saturday, November 19th. Two investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $46.00.

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 thin-film semiconductor technology, and also develops, designs, constructs and sells PV solar power solutions. The Company operates through two segments: components and systems.

5 Day Chart for NASDAQ:FSLR

Want to see what other hedge funds are holding FSLR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Solar, Inc. (NASDAQ:FSLR).

Receive News & Ratings for First Solar Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Solar Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.