Migdal Insurance & Financial Holdings Ltd. grew its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 57.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,077 shares of the electronics maker’s stock after buying an additional 756 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in Advanced Energy Industries were worth $168,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AEIS. Advisory Services Network LLC increased its stake in shares of Advanced Energy Industries by 9.5% during 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 shares of Advanced Energy Industries by 12.5% during 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 shares of Advanced Energy Industries by 0.7% during 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 shares of Advanced Energy Industries by 55.4% during 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. bought a new position in shares of Advanced Energy Industries during the third quarter worth approximately $205,000. 92.73% of the stock is owned by institutional investors.

In related news, EVP Thomas O. Mcgimpsey sold 5,190 shares of the firm’s stock in a transaction on Tuesday, November 7th. The stock was sold at an average price of $85.06, for a total transaction of $441,461.40. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Thomas Liguori sold 16,000 shares of the firm’s stock in a transaction 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. In the last quarter, insiders sold 66,603 shares of company stock worth $5,416,768. Corporate insiders own 1.13% of the company’s stock.

A number of equities analysts have recently weighed in on the company. BidaskClub lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Needham & Company LLC reiterated a “buy” rating on shares of Advanced Energy Industries in a research note on Friday, October 13th. KeyCorp reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. Finally, Zacks Investment Research lowered Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $81.60.

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Advanced Energy Industries, Inc. (NASDAQ:AEIS) traded down $0.57 during trading on Monday, reaching $83.09. The company’s stock had a trading volume of 50,137 shares, compared to its average volume of 429,756. Advanced Energy Industries, Inc. has a 12-month low of $49.20 and a 12-month high of $95.00. The company has a market cap of $3,320.00, a price-to-earnings ratio of 20.31, a PEG ratio of 1.35 and a beta of 1.36.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 65.02% and a net margin of 47.46%. The company had revenue of $176.60 million for the quarter, compared to analyst estimates of $165.77 million. During the same quarter last year, the company posted $0.77 EPS. The company’s revenue for the quarter was up 39.5% compared to the same quarter last year. equities analysts anticipate that Advanced Energy Industries, Inc. will post 4.24 earnings per share for the current year.

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.

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

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