Rhumbline Advisers cut its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 95,857 shares of the electronics maker’s stock after selling 3,178 shares during the period. Rhumbline Advisers owned about 0.25% of Advanced Energy Industries worth $4,951,000 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. American Century Companies Inc. increased its holdings in shares of Advanced Energy Industries by 18.0% during the second quarter. American Century Companies Inc. now owns 128,641 shares of the electronics maker’s stock worth $7,473,000 after buying an additional 19,632 shares in the last quarter. Bank of Nova Scotia acquired a new position in shares of Advanced Energy Industries during the second quarter worth $3,660,000. SG Americas Securities LLC increased its holdings in shares of Advanced Energy Industries by 120.5% during the second quarter. SG Americas Securities LLC now owns 23,078 shares of the electronics maker’s stock worth $1,341,000 after buying an additional 12,611 shares in the last quarter. Smith Graham & Co. Investment Advisors LP increased its holdings in shares of Advanced Energy Industries by 41.7% during the third quarter. Smith Graham & Co. Investment Advisors LP now owns 153,950 shares of the electronics maker’s stock worth $7,952,000 after buying an additional 45,320 shares in the last quarter. Finally, Delek Group Ltd. acquired a new position in shares of Advanced Energy Industries during the second quarter worth $11,338,000. Hedge funds and other institutional investors own 95.66% of the company’s stock.

AEIS has been the subject of several research analyst reports. BidaskClub downgraded shares of Advanced Energy Industries from a “sell” rating to a “strong sell” rating in a report on Tuesday, October 9th. Stifel Nicolaus set a $74.00 price target on shares of Advanced Energy Industries and gave the stock a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. TheStreet downgraded shares of Advanced Energy Industries from a “b-” rating to a “c+” rating in a report on Tuesday, October 30th. Finally, Citigroup set a $58.00 price objective on Advanced Energy Industries and gave the company a “hold” rating in a report on Monday, October 15th. Three research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus target price of $70.17.

NASDAQ AEIS opened at $41.60 on Friday. The firm has a market capitalization of $1.68 billion, a P/E ratio of 9.83, a P/E/G ratio of 1.04 and a beta of 1.13. Advanced Energy Industries, Inc. has a twelve month low of $40.43 and a twelve month high of $77.99.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, October 29th. The electronics maker reported $1.05 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.00 by $0.05. The business had revenue of $173.10 million during the quarter, compared to the consensus estimate of $170.50 million. Advanced Energy Industries had a return on equity of 32.09% and a net margin of 13.18%. Advanced Energy Industries’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.19 earnings per share. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 4.19 EPS for the current fiscal year.

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About Advanced Energy Industries

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

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