JPMorgan Chase & Co. grew its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 93.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 173,378 shares of the electronics maker’s stock after buying an additional 83,957 shares during the period. JPMorgan Chase & Co. owned 0.44% of Advanced Energy Industries worth $13,579,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of AEIS. Koch Industries Inc. grew its stake in shares of Advanced Energy Industries by 17,404.0% in the 2nd quarter. Koch Industries Inc. now owns 633,120 shares of the electronics maker’s stock valued at $623,000 after buying an additional 629,503 shares during the period. Victory Capital Management Inc. grew its stake in shares of Advanced Energy Industries by 204.6% in the 3rd quarter. Victory Capital Management Inc. now owns 775,433 shares of the electronics maker’s stock valued at $62,623,000 after buying an additional 520,884 shares during the period. AJO LP grew its stake in shares of Advanced Energy Industries by 883.6% in the 2nd quarter. AJO LP now owns 284,774 shares of the electronics maker’s stock valued at $18,422,000 after buying an additional 255,821 shares during the period. Cortina Asset Management LLC purchased a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at approximately $18,683,000. Finally, BlackRock Inc. grew its stake in shares of Advanced Energy Industries by 3.1% in the 2nd quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock valued at $331,682,000 after buying an additional 155,880 shares during the period. 94.29% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently commented on AEIS. BidaskClub upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Wednesday. Needham & Company LLC upped their price objective 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. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price objective on the stock. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a report on Friday, November 3rd. Finally, ValuEngine lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Advanced Energy Industries has a consensus rating of “Hold” and an average target price of $81.60.

In other Advanced Energy Industries news, CEO Yuval Wasserman sold 10,669 shares of the stock in a transaction that occurred on Wednesday, October 18th. The shares were sold at an average price of $90.00, for a total transaction of $960,210.00. Following the sale, the chief executive officer now directly owns 130,259 shares in the company, valued at approximately $11,723,310. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Thomas O. Mcgimpsey sold 5,190 shares of the stock in a transaction that occurred 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. Over the last 90 days, insiders sold 52,859 shares of company stock worth $4,409,311. Company insiders own 1.13% of the company’s stock.

Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at $71.12 on Thursday. Advanced Energy Industries, Inc. has a fifty-two week low of $53.79 and a fifty-two week high of $95.00. The company has a market cap of $2,820.00, a P/E ratio of 17.45, a PEG ratio of 1.41 and a beta of 1.29.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 EPS for the quarter, topping the consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The firm had revenue of $176.60 million for the quarter, compared to analyst estimates of $165.77 million. During the same period in the prior year, the business posted $0.77 EPS. The business’s revenue for the quarter was up 39.5% compared to the same quarter last year. research analysts forecast that Advanced Energy Industries, Inc. will post 4.26 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: “JPMorgan Chase & Co. Increases Position in Advanced Energy Industries, Inc. (AEIS)” was reported by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.watchlistnews.com/jpmorgan-chase-co-increases-position-in-advanced-energy-industries-inc-aeis/1775463.html.

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.

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

Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.