Los Angeles Capital Management & Equity Research Inc. reduced its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,198 shares of the electronics maker’s stock after selling 1,670 shares during the quarter. Los Angeles Capital Management & Equity Research Inc.’s holdings in Advanced Energy Industries were worth $983,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new stake in shares of Advanced Energy Industries during the first quarter valued at $130,000. First Trust Advisors LP boosted its stake in shares of Advanced Energy Industries by 1.5% during the first quarter. First Trust Advisors LP now owns 80,298 shares of the electronics maker’s stock valued at $5,505,000 after purchasing an additional 1,215 shares during the period. Bank of New York Mellon Corp boosted its stake in shares of Advanced Energy Industries by 4.3% during the first quarter. Bank of New York Mellon Corp now owns 558,267 shares of the electronics maker’s stock valued at $38,275,000 after purchasing an additional 22,789 shares during the period. Shelton Capital Management boosted its stake in shares of Advanced Energy Industries by 13.5% during the first quarter. Shelton Capital Management now owns 16,400 shares of the electronics maker’s stock valued at $1,124,000 after purchasing an additional 1,957 shares during the period. Finally, Thrivent Financial For Lutherans boosted its stake in shares of Advanced Energy Industries by 3.6% during the first quarter. Thrivent Financial For Lutherans now owns 22,270 shares of the electronics maker’s stock valued at $1,527,000 after purchasing an additional 780 shares during the period. 92.20% of the stock is owned by hedge funds and other institutional investors.

Shares of Advanced Energy Industries, Inc. (AEIS) opened at 74.39 on Thursday. Advanced Energy Industries, Inc. has a 12-month low of $45.47 and a 12-month high of $86.25. The company has a 50 day moving average price of $72.37 and a 200 day moving average price of $71.67. The company has a market capitalization of $2.97 billion, a P/E ratio of 18.90 and a beta of 1.35.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. The business 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 revenue was up 39.7% compared to the same quarter last year. During the same period in the prior year, the business posted $0.73 EPS. Equities analysts anticipate that Advanced Energy Industries, Inc. will post $4.59 EPS for the current year.

A number of analysts have recently issued reports on the stock. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research note on Wednesday, August 23rd. They set a “hold” rating and a $74.00 target price for the company. BidaskClub lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, July 10th. Finally, ValuEngine raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $72.60.

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In related news, CFO Thomas Liguori sold 16,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $73.64, for a total transaction of $1,178,240.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas M. Rohrs sold 4,000 shares of the firm’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. 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.

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

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