Finisar (NASDAQ:FNSR) VP Joseph Young sold 47,516 shares of the company’s stock in a transaction that occurred on Thursday, March 20th. The shares were sold at an average price of $26.59, for a total transaction of $1,263,450.44. Following the completion of the transaction, the vice president now directly owns 137,015 shares in the company, valued at approximately $3,643,229. The transaction was disclosed in a legal filing with the Securities & Exchange Commission. Finisar Corporation (NASDAQ:FNSR) shares after opening at $27.70 moved to $28.07 on last trade day and at the end of the day closed at $27.21. Company price to sales ratio in past twelve months was calculated as 2.40 and price to cash ratio as 4.73. Finisar Corporation (NASDAQ:FNSR) showed a positive weekly performance of 12.11%.
The reason about why First Solar, Inc. (NASDAQ:FSLR) is treading strong lies in its new guidance and technology roadmap that it issued to the investors last week. Some of the main highlights of the outlook presented by the company is that it is no more dependent on big projects like in the past, rather it is relying more on projects of less than 100 MW and commercial installations. The shift in focus comes on the heels of changing trend prevalent in the industry, where First Solar, Inc. (NASDAQ:FSLR) is trying to boost its efficiency in distributed energy. First Solar, Inc. (NASDAQ:FSLR) shares advanced 0.68% in last trading session and ended the day on $73.87. FSLR return on equity ratio is recorded as 8.40% and its return on assets is 5.20%. First Solar, Inc. (NASDAQ:FSLR) yearly performance is 156.05%.
Research analysts at Piper Jaffray assumed coverage on shares of Cadence Design Systems (NASDAQ:CDNS) in a report released on Monday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock. Cadence Design Systems Inc (NASDAQ:CDNS) shares moved down -1.36% in last trading session and was closed at $15.90, while trading in range of $15.77-$16.25.Cadence Design Systems Inc (NASDAQ:CDNS) year to date performance is 13.41%.
Trade-Ideas LLC identified Sensata Technologies Holding N.V (NYSE:ST) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Sensata Technologies Holding N.V as such a stock due to the following factors: Sensata Technologies Holding N.V. (NYSE:ST) has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $45.2 million. Sensata Technologies Holding N.V. (NYSE:ST) weekly performance is 1.77%. On last trading day company shares ended up $42.45. Sensata Technologies Holding N.V. (NYSE:ST) distance from 50-day simple moving average is 6.89%. Analysts mean target price for the company is $44.00.