Shelton Capital Management Purchases 1,957 Shares of Advanced Energy Industries, Inc. (AEIS)

Shelton Capital Management boosted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 13.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,400 shares of the electronics maker’s stock after buying an additional 1,957 shares during the period. Shelton Capital Management’s holdings in Advanced Energy Industries were worth $1,124,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. raised its position in shares of Advanced Energy Industries by 117,677.4% in the first quarter. BlackRock Inc. now owns 4,971,385 shares of the electronics maker’s stock worth $340,838,000 after buying an additional 4,967,164 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Advanced Energy Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 3,757,244 shares of the electronics maker’s stock worth $257,596,000 after buying an additional 141,520 shares during the last quarter. Bank of America Corp DE raised its position in shares of Advanced Energy Industries by 1.5% in the first quarter. Bank of America Corp DE now owns 1,568,110 shares of the electronics maker’s stock worth $107,510,000 after buying an additional 22,601 shares during the last quarter. State Street Corp raised its position in shares of Advanced Energy Industries by 6.5% in the first quarter. State Street Corp now owns 979,004 shares of the electronics maker’s stock worth $67,126,000 after buying an additional 59,618 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Advanced Energy Industries by 0.6% in the first quarter. Principal Financial Group Inc. now owns 859,004 shares of the electronics maker’s stock worth $58,893,000 after buying an additional 5,151 shares during the last quarter. Hedge funds and other institutional investors own 93.98% of the company’s stock.

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

Advanced Energy Industries, Inc. (NASDAQ AEIS) traded down 2.74% on Tuesday, hitting $70.55. The stock had a trading volume of 680,040 shares. Advanced Energy Industries, Inc. has a 12-month low of $35.42 and a 12-month high of $86.25. The company has a 50 day moving average of $76.97 and a 200 day moving average of $65.55. The company has a market capitalization of $2.81 billion, a PE ratio of 19.80 and a beta of 1.24.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, May 1st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.08. Advanced Energy Industries had a net margin of 26.92% and a return on equity of 35.38%. The company had revenue of $149.35 million for the quarter, compared to analysts’ expectations of $147.86 million. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Advanced Energy Industries’s revenue for the quarter was up 45.0% on a year-over-year basis. On average, equities analysts expect that Advanced Energy Industries, Inc. will post $3.99 earnings per share for the current year.

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A number of research analysts have commented on AEIS shares. BidaskClub lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective on the stock in a research report on Monday, May 8th. ValuEngine upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Citigroup Inc. increased their price objective on Advanced Energy Industries from $66.00 to $74.00 and gave the company a “neutral” rating in a research report on Monday, March 20th. Three analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $75.00.

In related news, Director Thomas M. Rohrs sold 4,000 shares of the business’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $68.56, for a total value of $274,240.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Thomas Liguori sold 5,000 shares of the business’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $75.89, for a total transaction of $379,450.00. Following the completion of the sale, the chief financial officer now directly owns 52,978 shares in the company, valued at approximately $4,020,500.42. The disclosure for this sale can be found here. In the last three months, insiders sold 94,053 shares of company stock worth $7,257,805. 1.13% of the stock is currently owned by insiders.

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.

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