Nisa Investment Advisors LLC Sells 13,723 Shares of First Solar, Inc. (NASDAQ:FSLR)

Nisa Investment Advisors LLC trimmed its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 46.3% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 15,900 shares of the solar cell manufacturer’s stock after selling 13,723 shares during the quarter. Nisa Investment Advisors LLC’s holdings in First Solar were worth $675,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cornerstone Advisors Inc. raised its holdings in First Solar by 74.3% in the fourth quarter. Cornerstone Advisors Inc. now owns 3,629 shares of the solar cell manufacturer’s stock worth $154,000 after purchasing an additional 1,547 shares in the last quarter. Daiwa SB Investments Ltd. raised its holdings in First Solar by 92.3% in the fourth quarter. Daiwa SB Investments Ltd. now owns 260,778 shares of the solar cell manufacturer’s stock worth $11,071,000 after purchasing an additional 125,163 shares in the last quarter. Prentiss Smith & Co. Inc. raised its holdings in First Solar by 19,612.5% in the fourth quarter. Prentiss Smith & Co. Inc. now owns 92,846 shares of the solar cell manufacturer’s stock worth $3,942,000 after purchasing an additional 92,375 shares in the last quarter. Deane Retirement Strategies Inc. raised its holdings in First Solar by 2.6% in the fourth quarter. Deane Retirement Strategies Inc. now owns 36,572 shares of the solar cell manufacturer’s stock worth $1,553,000 after purchasing an additional 911 shares in the last quarter. Finally, CenturyLink Investment Management Co raised its holdings in First Solar by 58.8% in the fourth quarter. CenturyLink Investment Management Co now owns 26,437 shares of the solar cell manufacturer’s stock worth $1,122,000 after purchasing an additional 9,794 shares in the last quarter. 54.43% of the stock is owned by institutional investors.

FSLR opened at $50.64 on Thursday. First Solar, Inc. has a 52-week low of $36.51 and a 52-week high of $81.72. The company has a debt-to-equity ratio of 0.09, a quick ratio of 4.14 and a current ratio of 4.48. The stock has a market cap of $5.27 billion, a PE ratio of 19.55, a P/E/G ratio of 1.21 and a beta of 1.31.

A number of equities analysts have commented on FSLR shares. BidaskClub upgraded shares of First Solar from a “sell” rating to a “hold” rating in a report on Friday, January 25th. ValuEngine downgraded shares of First Solar from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Goldman Sachs Group boosted their target price on shares of First Solar from $39.00 to $46.00 and gave the stock a “neutral” rating in a report on Sunday, December 9th. UBS Group set a $85.00 target price on shares of First Solar and gave the stock a “buy” rating in a report on Friday, October 26th. Finally, JPMorgan Chase & Co. set a $75.00 price objective on shares of First Solar and gave the company a “buy” rating in a report on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the company. First Solar presently has an average rating of “Buy” and an average target price of $65.47.

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About First Solar

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.

Further Reading: Initial Public Offering (IPO)

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

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