Franklin Resources Inc. lifted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 21.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 1,104,646 shares of the electronics maker’s stock after purchasing an additional 196,494 shares during the quarter. Franklin Resources Inc.’s holdings in Advanced Energy Industries were worth $57,055,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Bank of Montreal Can purchased a new position in shares of Advanced Energy Industries in the second quarter valued at approximately $933,000. BNP Paribas Arbitrage SA boosted its stake in shares of Advanced Energy Industries by 108.8% in the second quarter. BNP Paribas Arbitrage SA now owns 26,860 shares of the electronics maker’s stock valued at $1,560,000 after purchasing an additional 13,995 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Advanced Energy Industries by 10.3% in the second quarter. Raymond James Financial Services Advisors Inc. now owns 39,500 shares of the electronics maker’s stock valued at $2,295,000 after purchasing an additional 3,697 shares during the period. TD Asset Management Inc. boosted its stake in shares of Advanced Energy Industries by 240.1% in the second quarter. TD Asset Management Inc. now owns 208,237 shares of the electronics maker’s stock valued at $12,096,000 after purchasing an additional 147,000 shares during the period. Finally, IndexIQ Advisors LLC boosted its stake in shares of Advanced Energy Industries by 8.8% in the second quarter. IndexIQ Advisors LLC now owns 34,231 shares of the electronics maker’s stock valued at $1,988,000 after purchasing an additional 2,756 shares during the period. 95.66% of the stock is currently owned by institutional investors.

AEIS has been the topic of several analyst reports. BidaskClub cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Citigroup reduced their target price on shares of Advanced Energy Industries from $68.00 to $58.00 and set a “neutral” rating on the stock in a report on Tuesday, September 25th. Stifel Nicolaus set a $74.00 target price on shares of Advanced Energy Industries and gave the company a “hold” rating in a report on Tuesday, October 23rd. Zacks Investment Research cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 25th. Finally, Cowen cut their price objective on shares of Advanced Energy Industries from $76.00 to $58.00 and set an “outperform” rating on the stock in a report on Wednesday, October 31st. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Advanced Energy Industries presently has an average rating of “Hold” and an average price target of $70.17.

Shares of Advanced Energy Industries stock opened at $43.63 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 10.31, a price-to-earnings-growth ratio of 1.07 and a beta of 1.13. Advanced Energy Industries, Inc. has a 12 month low of $40.43 and a 12 month high of $77.99.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, October 29th. The electronics maker reported $1.05 EPS for the quarter, beating analysts’ consensus estimates of $1.00 by $0.05. The business had revenue of $173.10 million for the quarter, compared to analysts’ expectations of $170.50 million. Advanced Energy Industries had a net margin of 13.18% and a return on equity of 32.09%. The company’s quarterly revenue was down 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.19 EPS. Analysts predict that Advanced Energy Industries, Inc. will post 4.19 earnings per share for the current fiscal year.

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Advanced Energy Industries Company 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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