Riverhead Capital Management LLC lifted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 16.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,901 shares of the electronics maker’s stock after purchasing an additional 700 shares during the period. Riverhead Capital Management LLC’s holdings in Advanced Energy Industries were worth $276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEIS. M&T Bank Corp increased its holdings in Advanced Energy Industries by 22.9% during the second quarter. M&T Bank Corp now owns 5,569 shares of the electronics maker’s stock worth $314,000 after buying an additional 1,037 shares during the last quarter. THB Asset Management purchased a new stake in Advanced Energy Industries during the second quarter worth about $432,000. Charles Schwab Investment Management Inc. increased its holdings in Advanced Energy Industries by 2.8% during the second quarter. Charles Schwab Investment Management Inc. now owns 287,036 shares of the electronics maker’s stock worth $16,152,000 after buying an additional 7,924 shares during the last quarter. Bank of Montreal Can increased its holdings in Advanced Energy Industries by 45.5% during the second quarter. Bank of Montreal Can now owns 10,167 shares of the electronics maker’s stock worth $572,000 after buying an additional 3,177 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Advanced Energy Industries by 3.1% during the second quarter. Russell Investments Group Ltd. now owns 31,214 shares of the electronics maker’s stock worth $1,756,000 after buying an additional 951 shares during the last quarter. 97.54% of the stock is currently owned by institutional investors.

A number of analysts recently issued reports on AEIS shares. DA Davidson downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $60.00 to $55.00 in a report on Monday, July 8th. Cowen restated an “outperform” rating and set a $60.00 price objective (up previously from $58.00) on shares of Advanced Energy Industries in a report on Thursday, May 16th. Finally, BidaskClub upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company’s stock. Advanced Energy Industries currently has a consensus rating of “Hold” and an average price target of $64.20.

NASDAQ AEIS traded down $0.42 during trading hours on Friday, reaching $56.75. 10,547 shares of the company were exchanged, compared to its average volume of 204,045. The stock has a market capitalization of $2.15 billion, a P/E ratio of 13.54 and a beta of 1.52. The company has a quick ratio of 4.87, a current ratio of 5.83 and a debt-to-equity ratio of 0.07. The business’s 50 day simple moving average is $52.29 and its 200-day simple moving average is $52.61. Advanced Energy Industries, Inc. has a 1 year low of $38.74 and a 1 year high of $60.76.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, August 5th. The electronics maker reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.15. The firm had revenue of $134.81 million during the quarter, compared to the consensus estimate of $135.78 million. Advanced Energy Industries had a net margin of 16.80% and a return on equity of 16.57%. The company’s revenue was down 31.2% on a year-over-year basis. During the same quarter last year, the company earned $1.25 earnings per share. As a group, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 1.54 earnings per share for the current year.

About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF 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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