Janney Montgomery Scott LLC decreased its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 32.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 16,699 shares of the electronics maker’s stock after selling 7,859 shares during the period. Janney Montgomery Scott LLC’s holdings in Advanced Energy Industries were worth $1,080,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. FMR LLC raised its position in Advanced Energy Industries by 97.8% in the fourth quarter. FMR LLC now owns 17,700 shares of the electronics maker’s stock valued at $969,000 after buying an additional 8,750 shares during the period. Teachers Advisors LLC raised its position in Advanced Energy Industries by 0.6% in the fourth quarter. Teachers Advisors LLC now owns 282,169 shares of the electronics maker’s stock valued at $15,449,000 after buying an additional 1,725 shares during the period. Creative Planning raised its position in Advanced Energy Industries by 83.3% in the first quarter. Creative Planning now owns 2,421 shares of the electronics maker’s stock valued at $166,000 after buying an additional 1,100 shares during the period. Bank of Montreal Can raised its position in Advanced Energy Industries by 120.3% in the first quarter. Bank of Montreal Can now owns 18,494 shares of the electronics maker’s stock valued at $1,268,000 after buying an additional 10,100 shares during the period. Finally, Winslow Evans & Crocker Inc. raised its position in Advanced Energy Industries by 53.3% in the first quarter. Winslow Evans & Crocker Inc. now owns 3,950 shares of the electronics maker’s stock valued at $271,000 after buying an additional 1,374 shares during the period. 93.90% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at 71.17 on Friday. Advanced Energy Industries, Inc. has a one year low of $41.15 and a one year high of $86.25. The firm has a 50 day moving average of $70.40 and a 200 day moving average of $69.34. The firm has a market capitalization of $2.84 billion, a PE ratio of 18.08 and a beta of 1.34.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data 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 firm had revenue of $165.95 million during 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 company’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 EPS. Equities analysts forecast that Advanced Energy Industries, Inc. will post $4.59 EPS for the current year.

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Several research firms have recently weighed in on AEIS. BidaskClub lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, June 14th. ValuEngine upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective for the company in a research report on Monday, May 8th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Advanced Energy Industries currently has a consensus rating of “Buy” and a consensus price target of $72.25.

In other news, Director Edward C. Grady sold 6,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $80.02, for a total value of $480,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Thomas M. Rohrs sold 4,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $64.87, for a total value of $259,480.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 89,796 shares of company stock valued at $6,836,106. 1.13% of the stock is currently owned by company insiders.

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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