Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of First Solar, Inc. (NASDAQ:FSLR) by 23.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 198,397 shares of the solar cell manufacturer's stock after purchasing an additional 37,674 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.18% of First Solar worth $25,083,000 as of its most recent filing with the SEC. \n\nOther hedge funds also recently modified their holdings of the company. Raymond James Financial Inc. acquired a new position in shares of First Solar in the 4th quarter worth $4,933,000. Jaffetilchin Investment Partners LLC grew its holdings in shares of First Solar by 1,170.0% in the 4th quarter. Jaffetilchin Investment Partners LLC now owns 1,270 shares of the solar cell manufacturer's stock worth $224,000 after acquiring an additional 1,170 shares during the last quarter. Sterling Capital Management LLC grew its holdings in shares of First Solar by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 6,320 shares of the solar cell manufacturer's stock worth $1,114,000 after acquiring an additional 2,254 shares during the last quarter. Stamos Capital Partners L.P. grew its holdings in shares of First Solar by 44.6% in the 4th quarter. Stamos Capital Partners L.P. now owns 8,370 shares of the solar cell manufacturer's stock worth $1,475,000 after acquiring an additional 2,580 shares during the last quarter. Finally, Cohen & Steers Inc. grew its holdings in shares of First Solar by 40.9% in the 4th quarter. Cohen & Steers Inc. now owns 24,302 shares of the solar cell manufacturer's stock worth $4,283,000 after acquiring an additional 7,051 shares during the last quarter. 92.08% of the stock is currently owned by institutional investors and hedge funds.\n\nShares of First Solar traded up $0.11 on Wednesday, reaching $184.84. The company had a trading volume of 2,837,342 shares, compared to its average volume of 3,788,851. First Solar, Inc. has a twelve month low of $116.56 and a twelve month high of $262.72. The stock has a 50-day moving average price of $169.76 and a 200 day moving average price of $153.29. The stock has a market capitalization of $19.82 billion, a P/E ratio of 15.81, a P/E/G ratio of 0.36 and a beta of 1.48. The company has a quick ratio of 1.41, a current ratio of 1.90 and a debt-to-equity ratio of 0.04.\n\nFirst Solar (NASDAQ:FSLR) last announced its quarterly earnings results on Thursday, July 31st. The solar cell manufacturer reported $3.18 earnings per share for the quarter, topping analysts' consensus estimates of $2.68 by $0.50. First Solar had a return on equity of 15.57% and a net margin of 28.95%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.03 billion. During the same quarter in the previous year, the firm earned $3.25 earnings per share. The business's quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities analysts expect that First Solar, Inc. will post 13.05 EPS for the current year.\n\nA number of equities analysts recently issued reports on FSLR shares. Wells Fargo & Company decreased their target price on First Solar from $191.00 to $177.00 and set an 'overweight' rating on the stock in a report on Wednesday, April 30th. The Goldman Sachs Group raised their target price on First Solar from $204.00 to $255.00 and gave the stock a 'buy' rating in a research report on Monday, May 19th. Oppenheimer cut First Solar from an 'outperform' rating to a 'market perform' rating in a research report on Wednesday, April 30th. Hsbc Global Res raised First Solar to a 'strong-buy' rating in a research report on Friday, August 1st. Finally, Susquehanna raised their target price on First Solar from $203.00 to $222.00 and gave the stock a 'positive' rating in a research report on Friday, August 1st. One research analyst has rated the stock with a sell rating, five have issued a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of 'Moderate Buy' and a consensus target price of $224.27.\n\nIn other news, CTO sold 9,557 shares of First Solar stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $155.05, for a total value of $1,481,812.85. Following the transaction, the chief technology officer directly owned 8,037 shares in the company, valued at approximately $1,246,136.85. The trade was a 54.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through . Also, insider sold 1,600 shares of First Solar stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $180.00, for a total value of $288,000.00. Following the completion of the transaction, the insider owned 4,398 shares in the company, valued at $791,640. The trade was a 26.68% decrease in their ownership of the stock. The disclosure for this sale can be found . Insiders sold 15,976 shares of company stock valued at $2,515,172 over the last quarter. Insiders own 0.48% of the company's stock.\n\nFirst Solar, Inc. is a solar technology company that 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.

Mitsubishi UFJ Asset Management Co. Ltd. Acquires 37,674 Shares of First Solar, Inc. (NASDAQ:FSLR)

Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in First Solar, Inc. (NASDAQ:FSLR) by 23.4% in the first quarter, purchasing 37,674 shares to bring its total ownership to 198,397 shares, representing 0.18% of the company's stock valued at $25.083 million. Other hedge funds also adjusted their positions, with Jaffetilchin Investment Partners LLC increasing its holdings by 1,170.0%, Sterling Capital Management LLC by 55.4%, Stamos Capital Partners L.P. by 44.6%, and Cohen & Steers Inc. by 40.9%. First Solar reported Q2 earnings of $3.18 per share, exceeding estimates, with revenue of $1.10 billion and a 8.6% year-over-year increase. The company has a market cap of $19.82 billion, a P/E ratio of 15.81, and a net margin of 28.95%. Analysts have issued varied ratings, with Goldman Sachs raising its target price to $255.00 and Hsbc Global Res upgrading to 'strong-buy'. Insiders, including the CTO, sold a total of 15,976 shares worth $2.515 million over the quarter, reducing their ownership to 0.48% of the company's stock.