Icon Advisers Inc. Co. Purchases New Stake in Advanced Energy Industries, Inc. (AEIS)

Icon Advisers Inc. Co. purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,900 shares of the electronics maker’s stock, valued at approximately $1,607,000. Icon Advisers Inc. Co. owned 0.05% of Advanced Energy Industries as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AEIS. FMR LLC boosted its position in Advanced Energy Industries by 8.6% in the 1st quarter. FMR LLC now owns 19,230 shares of the electronics maker’s stock valued at $1,318,000 after buying an additional 1,530 shares during the period. NN Investment Partners Holdings N.V. purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter worth $474,000. Nisa Investment Advisors LLC lifted its position in shares of Advanced Energy Industries by 1.0% during the 2nd quarter. Nisa Investment Advisors LLC now owns 14,780 shares of the electronics maker’s stock worth $1,079,000 after purchasing an additional 150 shares during the last quarter. Aperio Group LLC lifted its position in shares of Advanced Energy Industries by 5.5% during the 2nd quarter. Aperio Group LLC now owns 13,835 shares of the electronics maker’s stock worth $895,000 after purchasing an additional 722 shares during the last quarter. Finally, US Bancorp DE lifted its position in shares of Advanced Energy Industries by 0.4% during the 2nd quarter. US Bancorp DE now owns 5,136 shares of the electronics maker’s stock worth $332,000 after purchasing an additional 18 shares during the last quarter. 94.01% of the stock is owned by institutional investors.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Friday, November 3rd. Needham & Company LLC lifted 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 report on Tuesday, October 31st. ValuEngine cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. KeyCorp reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Finally, Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price objective for the company. Five analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $81.60.

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In related news, EVP Thomas O. Mcgimpsey sold 5,190 shares of the business’s stock in a transaction on Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total value of $441,461.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frederick Ball sold 4,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.51, for a total transaction of $334,040.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,603 shares of company stock valued at $5,750,808. 1.13% of the stock is owned by corporate insiders.

Shares of Advanced Energy Industries, Inc. (AEIS) opened at $83.59 on Friday. The stock has a market cap of $3,314.96, a price-to-earnings ratio of 20.29, a PEG ratio of 1.35 and a beta of 1.36. Advanced Energy Industries, Inc. has a 1 year low of $51.56 and a 1 year high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.02. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The firm had revenue of $176.60 million during the quarter, compared to analysts’ expectations of $165.77 million. During the same period in the previous year, the company earned $0.77 earnings per share. Advanced Energy Industries’s quarterly revenue was up 39.5% compared to the same quarter last year. analysts predict that Advanced Energy Industries, Inc. will post 4.24 EPS for the current year.

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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