Sciencast Management LP bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the second quarter, according to the company in its most recent filing with the SEC. The firm bought 8,700 shares of the electronics maker’s stock, valued at approximately $563,000.

Other institutional investors have also recently made changes to their positions in the company. Meeder Asset Management Inc. increased its position in shares of Advanced Energy Industries by 797.2% during the 1st quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 1,730 shares in the last quarter. D.A. Davidson & CO. increased 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 purchasing an additional 16 shares in the last quarter. Riverhead Capital Management LLC increased 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 purchasing an additional 831 shares in the last quarter. Pacad Investment Ltd. acquired a new stake in shares of Advanced Energy Industries during the 2nd quarter worth about $188,000. Finally, Teacher Retirement System of Texas increased its position in shares of Advanced Energy Industries by 1.1% during the 2nd 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 in the last quarter. Institutional investors and hedge funds own 92.20% of the company’s stock.

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In other news, CFO Thomas Liguori sold 16,000 shares of the business’s stock in a transaction dated 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 legal filing with the SEC, which is available through the SEC website. Also, CEO Yuval Wasserman sold 11,744 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $75.09, for a total value of $881,856.96. Following the sale, the chief executive officer now owns 127,396 shares in the company, valued at $9,566,165.64. The disclosure for this sale can be found here. Insiders own 1.13% of the company’s stock.

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) traded up 0.26% during midday trading on Friday, reaching $83.29. 290,858 shares of the company’s stock were exchanged. The company’s 50 day moving average is $75.23 and its 200-day moving average is $72.77. The stock has a market cap of $3.33 billion, a PE ratio of 21.16 and a beta of 1.38. Advanced Energy Industries, Inc. has a 12 month low of $45.47 and a 12 month high of $86.25.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.15. The company had revenue of $165.95 million for the quarter, compared to analysts’ expectations of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.73 earnings per share. Equities analysts forecast that Advanced Energy Industries, Inc. will post $4.59 EPS for the current fiscal year.

A number of equities research analysts have commented on the stock. Zacks Investment Research lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price objective on the stock. Finally, BidaskClub lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Advanced Energy Industries has a consensus rating of “Buy” and an average target price of $72.60.

Advanced Energy Industries 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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