Brasada Capital Management LP acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 4,000 shares of the electronics maker’s stock, valued at approximately $172,000.

Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Advanced Energy Industries by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 4,039,419 shares of the electronics maker’s stock worth $208,636,000 after buying an additional 84,232 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Advanced Energy Industries by 2.1% in the 3rd quarter. Vanguard Group Inc now owns 4,039,419 shares of the electronics maker’s stock worth $208,636,000 after buying an additional 84,232 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Advanced Energy Industries by 20.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,682,822 shares of the electronics maker’s stock worth $86,918,000 after buying an additional 290,200 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Advanced Energy Industries by 3.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,150,050 shares of the electronics maker’s stock worth $59,400,000 after buying an additional 41,664 shares during the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Advanced Energy Industries by 21.6% in the 3rd quarter. Franklin Resources Inc. now owns 1,104,646 shares of the electronics maker’s stock worth $57,055,000 after buying an additional 196,494 shares during the last quarter. 96.87% of the stock is owned by institutional investors.

A number of equities analysts have recently issued reports on AEIS shares. Stifel Nicolaus set a $74.00 price target on Advanced Energy Industries and gave the stock a “hold” rating in a research note on Tuesday, October 23rd. Zacks Investment Research downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 25th. BidaskClub upgraded Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a research note on Monday, November 19th. ValuEngine upgraded Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a research note on Thursday, December 27th. Finally, TheStreet downgraded Advanced Energy Industries from a “b-” rating to a “c+” rating in a research note on Tuesday, October 30th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $70.17.

Shares of Advanced Energy Industries stock opened at $50.46 on Thursday. Advanced Energy Industries, Inc. has a one year low of $38.74 and a one year high of $72.67. The firm has a market capitalization of $1.92 billion, a P/E ratio of 12.04, a P/E/G ratio of 1.41 and a beta of 1.41.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, February 4th. The electronics maker reported $0.68 EPS for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.08). Advanced Energy Industries had a return on equity of 27.02% and a net margin of 20.45%. The company had revenue of $154.16 million during the quarter, compared to the consensus estimate of $155.58 million. During the same period in the prior year, the business posted $1.31 earnings per share. Advanced Energy Industries’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, analysts anticipate that Advanced Energy Industries, Inc. will post 3.52 earnings per share for the current year.

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Advanced Energy Industries Profile

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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

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