Tocqueville Asset Management L.P. acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 2,540 shares of the electronics maker’s stock, valued at approximately $205,000.

Other large investors also recently modified their holdings of the company. Advisory Services Network LLC lifted its position in shares of Advanced Energy Industries by 9.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after buying an additional 187 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Advanced Energy Industries by 12.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock worth $141,000 after buying an additional 244 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Advanced Energy Industries by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after buying an additional 16 shares during the last quarter. Riverhead Capital Management LLC lifted its position in shares of Advanced Energy Industries by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after buying an additional 831 shares during the last quarter. Finally, Pacad Investment Ltd. purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter worth approximately $188,000. Institutional investors and hedge funds own 94.16% of the company’s stock.

In other news, CEO Yuval Wasserman sold 11,744 shares of the company’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $75.09, for a total transaction of $881,856.96. Following the transaction, the chief executive officer now directly owns 127,396 shares of the company’s stock, valued at approximately $9,566,165.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas Liguori sold 16,000 shares of the company’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 66,603 shares of company stock worth $5,416,768 over the last three months. 1.13% of the stock is currently owned by corporate insiders.

Several analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Friday, November 3rd. Needham & Company LLC upped their price target on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. ValuEngine downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Finally, Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price target for the company. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $81.60.

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Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at $83.66 on Friday. The stock has a market cap of $3,351.04, a price-to-earnings ratio of 20.51, a price-to-earnings-growth ratio of 1.36 and a beta of 1.36. Advanced Energy Industries, Inc. has a 12 month low of $49.20 and a 12 month high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. The company had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. Advanced Energy Industries’s revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.77 EPS. research analysts anticipate that Advanced Energy Industries, Inc. will post 4.24 EPS for the current year.

About Advanced Energy Industries

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.

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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