Municipal Employees Retirement System of Michigan grew its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 53.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,280 shares of the electronics maker’s stock after acquiring an additional 5,650 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in Advanced Energy Industries were worth $1,315,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEIS. Advisory Services Network LLC boosted its holdings in Advanced Energy Industries by 9.5% during the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after acquiring an additional 187 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Advanced Energy Industries by 12.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock worth $141,000 after acquiring an additional 244 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in Advanced Energy Industries by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after acquiring an additional 16 shares during the last quarter. Riverhead Capital Management LLC boosted its holdings in Advanced Energy Industries by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after acquiring an additional 831 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its holdings in Advanced Energy Industries by 57.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock worth $168,000 after acquiring an additional 756 shares during the last quarter. 94.01% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Advanced Energy Industries, Inc. (AEIS) opened at $82.03 on Monday. Advanced Energy Industries, Inc. has a 52-week low of $51.56 and a 52-week high of $95.00. The firm has a market capitalization of $3,250.00, a PE ratio of 19.91, a PEG ratio of 1.32 and a beta of 1.36.

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 Thomson Reuters’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The company had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. During the same quarter in the previous year, the firm earned $0.77 earnings per share. Advanced Energy Industries’s revenue was up 39.5% on a year-over-year basis. equities analysts expect that Advanced Energy Industries, Inc. will post 4.24 EPS for the current fiscal year.

In other news, CEO Yuval Wasserman sold 11,744 shares of the business’s stock in a transaction dated Wednesday, September 20th. The stock was sold at an average price of $75.09, for a total transaction of $881,856.96. Following the completion of the transaction, the chief executive officer now owns 127,396 shares of the company’s stock, valued at $9,566,165.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Thomas Liguori sold 16,000 shares of the business’s stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. Insiders have sold 70,603 shares of company stock valued at $5,750,808 in the last three months. 1.13% of the stock is owned by insiders.

A number of research firms have issued reports on AEIS. ValuEngine downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Friday, October 27th. Needham & Company LLC boosted their price objective on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. KeyCorp restated a “hold” rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price objective on the stock in a research note on Friday, November 3rd. Finally, BidaskClub upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $81.60.

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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