Artemis Investment Management LLP grew its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 49.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 100,237 shares of the electronics maker’s stock after purchasing an additional 33,314 shares during the period. Artemis Investment Management LLP owned about 0.25% of Advanced Energy Industries worth $8,096,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Advisory Services Network LLC increased its stake in Advanced Energy Industries by 9.5% in the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after purchasing an additional 187 shares during the period. Meeder Asset Management Inc. increased its stake in Advanced Energy Industries by 12.5% in the second quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock worth $141,000 after purchasing an additional 244 shares during the period. D.A. Davidson & CO. increased its stake in Advanced Energy Industries by 0.7% in the second 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 during the period. Riverhead Capital Management LLC increased its stake in Advanced Energy Industries by 55.4% in 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 period. Finally, Tocqueville Asset Management L.P. purchased a new stake in Advanced Energy Industries in the third quarter worth $205,000. Institutional investors and hedge funds own 91.90% of the company’s stock.

A number of analysts have weighed in on AEIS shares. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 target price on the stock in a research note on Monday, July 10th. BidaskClub upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Stifel Nicolaus started coverage on Advanced Energy Industries in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 target price on the stock. Needham & Company LLC increased their target price on Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday. Finally, KeyCorp reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus target price of $81.60.

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Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) traded up $1.22 during trading on Friday, hitting $83.20. The stock had a trading volume of 411,871 shares, compared to its average volume of 502,600. The stock has a market cap 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 earnings results on Monday, October 30th. The electronics maker reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.02. The company had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The business’s revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.77 earnings per share. analysts expect that Advanced Energy Industries, Inc. will post 4.24 earnings per share for the current year.

In other news, CEO Yuval Wasserman sold 10,669 shares of the company’s stock in a transaction that occurred on Wednesday, October 18th. The stock was sold at an average price of $90.00, for a total transaction of $960,210.00. Following the completion of the transaction, the chief executive officer now directly owns 130,259 shares of the company’s stock, valued at $11,723,310. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas Liguori sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. Insiders have sold 61,413 shares of company stock valued at $4,975,307 over the last ninety days. Corporate insiders own 1.13% of the company’s stock.

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.

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

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