Advanced Energy Industries, Inc. (NASDAQ:AEIS) was the target of unusually large options trading activity on Friday. Investors bought 735 put options on the company. This is an increase of approximately 726% compared to the typical daily volume of 89 put options.

A number of brokerages recently weighed in on AEIS. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 target price on the stock in a report on Friday, November 3rd. Needham & Company LLC boosted their target price on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. ValuEngine downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 target price on the stock. Finally, KeyCorp restated a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $81.60.

In other news, Director Frederick Ball sold 4,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.51, for a total value of $334,040.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the business’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 disclosure for this sale can be found here. In the last three months, insiders sold 70,603 shares of company stock worth $5,750,808. 1.13% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. State Street Corp increased its holdings in shares of Advanced Energy Industries by 4.1% in the second quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock valued at $65,937,000 after purchasing an additional 40,286 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in shares of Advanced Energy Industries in the second quarter valued at $6,245,000. Laurion Capital Management LP acquired a new position in shares of Advanced Energy Industries in the second quarter valued at $2,803,000. ARP Americas LLC acquired a new position in shares of Advanced Energy Industries in the third quarter valued at $300,000. Finally, Gotham Asset Management LLC increased its holdings in shares of Advanced Energy Industries by 820.4% in the second quarter. Gotham Asset Management LLC now owns 136,617 shares of the electronics maker’s stock valued at $8,838,000 after purchasing an additional 121,774 shares during the last quarter. Institutional investors and hedge funds own 92.99% of the company’s stock.

Advanced Energy Industries (AEIS) opened at $70.41 on Wednesday. The firm has a market cap of $2,800.00, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.16 and a beta of 1.29. Advanced Energy Industries has a fifty-two week low of $52.12 and a fifty-two week high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, topping 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 net margin of 33.76% and a return on equity of 35.56%. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.77 earnings per share. equities research analysts forecast that Advanced Energy Industries will post 4.26 EPS for the current fiscal year.

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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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