California State Teachers Retirement System lowered its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 70,387 shares of the electronics maker’s stock after selling 7,467 shares during the quarter. California State Teachers Retirement System owned about 0.18% of Advanced Energy Industries worth $4,553,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 12.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock valued at $141,000 after buying an additional 244 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of Advanced Energy Industries by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock valued at $142,000 after buying an additional 16 shares during the period. Riverhead Capital Management LLC raised its holdings in Advanced Energy Industries by 55.4% during the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after purchasing an additional 831 shares during the last quarter. Pacad Investment Ltd. acquired a new position in Advanced Energy Industries during the second quarter worth $188,000. Finally, Teacher Retirement System of Texas raised its holdings in Advanced Energy Industries by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 34 shares during the last quarter. Institutional investors and hedge funds own 94.16% of the company’s stock.
AEIS has been the subject of several research reports. BidaskClub raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price target for the company. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Friday, November 3rd. Needham & Company LLC boosted their price target on Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. Finally, KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $81.60.
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Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at $83.66 on Friday. The company has a market capitalization of $3,317.70, a PE ratio of 20.31, a price-to-earnings-growth ratio of 1.35 and a beta of 1.36. Advanced Energy Industries, Inc. has a one year low of $49.20 and a one year high of $95.00.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, October 30th. The electronics maker reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The business had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $165.77 million. During the same quarter in the previous year, the firm posted $0.77 earnings per share. The company’s revenue was up 39.5% compared to the same quarter last year. research analysts forecast that Advanced Energy Industries, Inc. will post 4.24 earnings per share for the current fiscal year.
In other news, CFO Thomas Liguori sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $73.64, for a total transaction of $1,178,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total value of $441,461.40. The disclosure for this sale can be found here. Insiders have sold 66,603 shares of company stock worth $5,416,768 in the last 90 days. 1.13% of the stock is currently owned by insiders.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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