HBK Investments L P boosted its holdings in shares of Advanced Energy (NASDAQ:AEIS) by 3.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,400 shares of the electronics maker’s stock after purchasing an additional 1,404 shares during the period. HBK Investments L P owned about 0.12% of Advanced Energy worth $3,131,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEIS. Two Sigma Securities LLC bought a new position in shares of Advanced Energy in the 4th quarter valued at $231,000. Goldman Sachs Group Inc. lifted its stake in shares of Advanced Energy by 8.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 239,971 shares of the electronics maker’s stock valued at $16,193,000 after acquiring an additional 19,047 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Advanced Energy in the fourth quarter valued at $356,000. Deutsche Bank AG increased its holdings in Advanced Energy by 1.4% in the fourth quarter. Deutsche Bank AG now owns 399,002 shares of the electronics maker’s stock valued at $26,922,000 after purchasing an additional 5,469 shares during the period. Finally, Brandywine Global Investment Management LLC acquired a new stake in Advanced Energy in the fourth quarter valued at $8,187,000. Hedge funds and other institutional investors own 94.35% of the company’s stock.
A number of analysts recently weighed in on AEIS shares. Zacks Investment Research upgraded Advanced Energy from a “hold” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Thursday, January 11th. BidaskClub downgraded Advanced Energy from a “hold” rating to a “sell” rating in a report on Thursday, December 14th. Finally, DA Davidson assumed coverage on Advanced Energy in a report on Wednesday, January 10th. They issued a “buy” rating and a $100.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $87.25.
Shares of AEIS traded down $1.60 during trading hours on Friday, hitting $61.33. The stock had a trading volume of 288,557 shares, compared to its average volume of 391,735. The company has a market cap of $2,434.56, a PE ratio of 14.50, a P/E/G ratio of 1.43 and a beta of 1.31. Advanced Energy has a 1-year low of $60.06 and a 1-year high of $95.00.
Advanced Energy (NASDAQ:AEIS) last issued its earnings results on Tuesday, January 30th. The electronics maker reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The company had revenue of $179.21 million during the quarter, compared to the consensus estimate of $177.07 million. Advanced Energy had a return on equity of 35.06% and a net margin of 20.55%. The firm’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same period last year, the business posted $1.06 EPS. equities research analysts predict that Advanced Energy will post 4.78 earnings per share for the current fiscal year.
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About Advanced Energy
Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.
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