ARP Americas LLC acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,713 shares of the electronics maker’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEIS. Koch Industries Inc. boosted its holdings in Advanced Energy Industries by 17,404.0% during the second quarter. Koch Industries Inc. now owns 633,120 shares of the electronics maker’s stock valued at $623,000 after purchasing an additional 629,503 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Advanced Energy Industries by 204.6% during the third quarter. Victory Capital Management Inc. now owns 775,433 shares of the electronics maker’s stock valued at $62,623,000 after purchasing an additional 520,884 shares in the last quarter. AJO LP boosted its holdings in Advanced Energy Industries by 883.6% during the second quarter. AJO LP now owns 284,774 shares of the electronics maker’s stock valued at $18,422,000 after purchasing an additional 255,821 shares in the last quarter. BlackRock Inc. boosted its holdings in Advanced Energy Industries by 3.1% during the second quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock valued at $331,682,000 after purchasing an additional 155,880 shares in the last quarter. Finally, Bank of Montreal Can boosted its holdings in Advanced Energy Industries by 787.7% during the second quarter. Bank of Montreal Can now owns 164,164 shares of the electronics maker’s stock valued at $10,620,000 after purchasing an additional 145,670 shares in the last quarter. 91.90% of the stock is currently owned by institutional investors.

In other Advanced Energy Industries 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 completion of the sale, the chief executive officer now owns 127,396 shares in the company, valued at approximately $9,566,165.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Thomas Liguori sold 16,000 shares of the company’s stock in a transaction on Monday, September 11th. The shares were 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. In the last ninety days, insiders have sold 61,413 shares of company stock worth $4,975,307. Company insiders own 1.13% of the company’s stock.

A number of equities research analysts have weighed in on the company. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Friday. Needham & Company LLC lifted their price objective on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday. ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Friday, October 27th. KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. Finally, Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 target price on the stock. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus price target of $81.60.

Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at $83.20 on Friday. The firm has a market capitalization of $3.30 billion, a PE ratio of 20.22, a price-to-earnings-growth ratio of 1.34 and a beta of 1.36.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, topping the 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 firm had revenue of $176.60 million for the quarter, compared to the consensus estimate of $165.77 million. During the same quarter in the prior year, the business earned $0.77 EPS. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. analysts forecast that Advanced Energy Industries, Inc. will post 4.24 EPS for the current year.

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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.

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

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