Fisher Asset Management LLC Increases Stake in Advanced Energy Industries, Inc. (AEIS)

Fisher Asset Management LLC raised its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 17.7% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 185,899 shares of the electronics maker’s stock after buying an additional 27,898 shares during the period. Fisher Asset Management LLC owned about 0.47% of Advanced Energy Industries worth $12,026,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AEIS. FMR LLC boosted its position in shares of Advanced Energy Industries by 97.8% in the fourth quarter. FMR LLC now owns 17,700 shares of the electronics maker’s stock valued at $969,000 after buying an additional 8,750 shares during the last quarter. Guggenheim Capital LLC raised its stake in shares of Advanced Energy Industries by 292.6% in the fourth quarter. Guggenheim Capital LLC now owns 54,893 shares of the electronics maker’s stock valued at $3,006,000 after buying an additional 40,910 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Advanced Energy Industries by 194.5% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,172 shares of the electronics maker’s stock valued at $170,000 after buying an additional 2,095 shares during the period. Norges Bank bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at about $24,474,000. Finally, Teachers Advisors LLC raised its stake in shares of Advanced Energy Industries by 0.6% in the fourth quarter. Teachers Advisors LLC now owns 282,169 shares of the electronics maker’s stock valued at $15,449,000 after buying an additional 1,725 shares during the period. Institutional investors and hedge funds own 93.63% of the company’s stock.

Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at 73.31 on Wednesday. Advanced Energy Industries, Inc. has a 12-month low of $39.17 and a 12-month high of $86.25. The firm’s 50-day moving average is $72.48 and its 200 day moving average is $67.60. The firm has a market cap of $2.92 billion, a P/E ratio of 20.57 and a beta of 1.32.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, May 1st. The electronics maker reported $1.04 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.08. The business had revenue of $149.35 million for the quarter, compared to analysts’ expectations of $147.86 million. Advanced Energy Industries had a net margin of 26.92% and a return on equity of 35.38%. The firm’s revenue for the quarter was up 45.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.56 earnings per share. Equities analysts forecast that Advanced Energy Industries, Inc. will post $4.03 earnings per share for the current year.

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Several brokerages recently issued reports on AEIS. BidaskClub lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 4th. Finally, ValuEngine raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Two research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. Advanced Energy Industries has a consensus rating of “Buy” and an average price target of $72.25.

In other Advanced Energy Industries news, CEO Yuval Wasserman sold 20,000 shares of the firm’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $77.25, for a total transaction of $1,545,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas M. Rohrs sold 4,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $64.87, for a total value of $259,480.00. The disclosure for this sale can be found here. Insiders have sold 109,796 shares of company stock valued at $8,381,106 in the last three months. Insiders own 1.13% of the company’s stock.

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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