Nationwide Fund Advisors decreased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 6.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,486 shares of the electronics maker’s stock after selling 2,737 shares during the period. Nationwide Fund Advisors owned approximately 0.10% of Advanced Energy Industries worth $3,189,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of AEIS. DekaBank Deutsche Girozentrale boosted its stake in Advanced Energy Industries by 131.6% during the second quarter. DekaBank Deutsche Girozentrale now owns 4,400 shares of the electronics maker’s stock valued at $287,000 after buying an additional 2,500 shares during the period. Teacher Retirement System of Texas boosted its stake in Advanced Energy Industries by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock valued at $205,000 after buying an additional 34 shares during the period. SG Americas Securities LLC boosted its stake in Advanced Energy Industries by 420.1% during the second quarter. SG Americas Securities LLC now owns 11,682 shares of the electronics maker’s stock valued at $756,000 after buying an additional 9,436 shares during the period. Alps Advisors Inc. boosted its stake in Advanced Energy Industries by 0.3% during the second quarter. Alps Advisors Inc. now owns 7,205 shares of the electronics maker’s stock valued at $466,000 after buying an additional 19 shares during the period. Finally, Legal & General Group Plc raised its position in Advanced Energy Industries by 9.1% during the second quarter. Legal & General Group Plc now owns 76,258 shares of the electronics maker’s stock valued at $4,935,000 after purchasing an additional 6,341 shares in the last quarter. 94.29% of the stock is owned by institutional investors.

A number of equities research analysts have weighed in on the company. Needham & Company LLC raised their price target on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price target on the stock. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Friday, November 3rd. BidaskClub downgraded Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Finally, ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Thursday, November 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $81.60.

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at $71.89 on Tuesday. Advanced Energy Industries, Inc. has a 12-month low of $53.72 and a 12-month high of $95.00. The firm has a market capitalization of $2,831.53, a PE ratio of 17.33, a price-to-earnings-growth ratio of 1.40 and a beta of 1.29.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.02. The business had revenue of $176.60 million for the quarter, compared to the consensus estimate of $165.77 million. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter last year, the business posted $0.77 earnings per share. analysts forecast that Advanced Energy Industries, Inc. will post 4.26 earnings per share for the current fiscal year.

In other news, EVP Thomas O. Mcgimpsey sold 5,190 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $85.06, for a total value of $441,461.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Yuval Wasserman sold 11,744 shares of Advanced Energy Industries 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 completion of the transaction, the chief executive officer now owns 127,396 shares in the company, valued at approximately $9,566,165.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,603 shares of company stock worth $5,291,168. Company insiders own 1.13% of the company’s stock.

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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.

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

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