Wells Fargo & Company MN lessened its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 7.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 474,214 shares of the electronics maker’s stock after selling 36,030 shares during the quarter. Wells Fargo & Company MN owned approximately 1.20% of Advanced Energy Industries worth $38,298,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Migdal Insurance & Financial Holdings Ltd. grew its stake in shares of Advanced Energy Industries by 57.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock worth $168,000 after purchasing an additional 756 shares during the last quarter. Advisory Services Network LLC grew its stake in shares of Advanced Energy Industries by 9.5% in the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after purchasing an additional 187 shares during the last quarter. D.A. Davidson & CO. grew its stake in shares of Advanced Energy Industries by 0.7% in the second quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after purchasing an additional 16 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of Advanced Energy Industries by 55.4% in the second quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after purchasing an additional 831 shares during the last quarter. Finally, Macquarie Group Ltd. bought a new stake in shares of Advanced Energy Industries in the third quarter worth $202,000. 94.35% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Thomas O. Mcgimpsey sold 5,190 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total transaction of $441,461.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Yuval Wasserman sold 10,669 shares of the company’s stock in a transaction dated Wednesday, October 18th. The shares were sold at an average price of $90.00, for a total transaction of $960,210.00. Following the transaction, the chief executive officer now owns 130,259 shares in the company, valued at approximately $11,723,310. The disclosure for this sale can be found here. In the last 90 days, insiders sold 64,603 shares of company stock worth $5,291,168. 1.13% of the stock is owned by company insiders.

AEIS has been the topic of several analyst reports. Zacks Investment Research raised 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 research note on Friday, November 3rd. Needham & Company LLC boosted their price objective on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, October 31st. ValuEngine cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price objective on the stock. Finally, KeyCorp restated a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $81.60.

Advanced Energy Industries, Inc. (AEIS) opened at $69.03 on Wednesday. The stock has a market cap of $2,793.46, a price-to-earnings ratio of 17.10, a P/E/G ratio of 1.13 and a beta of 1.29. Advanced Energy Industries, Inc. has a fifty-two week low of $52.12 and a fifty-two week high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.17 by $0.02. The business had revenue of $176.60 million for the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. Advanced Energy Industries’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.77 earnings per share. equities research analysts forecast that Advanced Energy Industries, Inc. will post 4.26 earnings per share for the current fiscal year.

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Advanced Energy Industries 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.

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

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