Janney Montgomery Scott LLC Acquires New Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Janney Montgomery Scott LLC acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 3,291 shares of the electronics maker’s stock, valued at approximately $367,000.

A number of other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its position in Advanced Energy Industries by 0.7% during the first quarter. BlackRock Inc. now owns 5,649,921 shares of the electronics maker’s stock valued at $486,344,000 after purchasing an additional 40,829 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Advanced Energy Industries by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,178,154 shares of the electronics maker’s stock worth $323,432,000 after acquiring an additional 30,881 shares in the last quarter. FMR LLC boosted its stake in shares of Advanced Energy Industries by 30.0% during the 1st quarter. FMR LLC now owns 2,704,228 shares of the electronics maker’s stock worth $265,014,000 after acquiring an additional 623,433 shares in the last quarter. State Street Corp boosted its stake in shares of Advanced Energy Industries by 0.5% during the 1st quarter. State Street Corp now owns 1,855,952 shares of the electronics maker’s stock worth $159,760,000 after acquiring an additional 8,883 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Advanced Energy Industries by 0.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 893,585 shares of the electronics maker’s stock worth $87,570,000 after acquiring an additional 5,126 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

AEIS has been the subject of several research analyst reports. Susquehanna cut their price objective on Advanced Energy Industries from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday. Citigroup boosted their price objective on Advanced Energy Industries from $114.00 to $134.00 and gave the stock a “buy” rating in a research report on Monday, August 7th. Raymond James cut their price objective on Advanced Energy Industries from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday. StockNews.com initiated coverage on Advanced Energy Industries in a research report on Thursday, October 5th. They set a “hold” rating for the company. Finally, KeyCorp upped their price target on Advanced Energy Industries from $125.00 to $130.00 and gave the company an “overweight” rating in a report on Tuesday, July 18th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $116.57.

Advanced Energy Industries Trading Down 3.0 %

Shares of AEIS opened at $84.60 on Thursday. Advanced Energy Industries, Inc. has a 1 year low of $79.14 and a 1 year high of $126.38. The company has a current ratio of 3.80, a quick ratio of 2.51 and a debt-to-equity ratio of 0.31. The stock has a 50 day simple moving average of $101.47 and a 200-day simple moving average of $103.13. The stock has a market cap of $3.19 billion, a PE ratio of 18.12 and a beta of 1.59.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Thursday, August 3rd. The electronics maker reported $0.95 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.01). Advanced Energy Industries had a return on equity of 19.88% and a net margin of 9.52%. The company had revenue of $415.51 million during the quarter, compared to analyst estimates of $414.11 million. On average, sell-side analysts predict that Advanced Energy Industries, Inc. will post 4.14 EPS for the current fiscal year.

Insider Transactions at Advanced Energy Industries

In related news, Director Ronald C. Foster sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $103.26, for a total transaction of $103,260.00. Following the sale, the director now directly owns 2,618 shares in the company, valued at approximately $270,334.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director Ronald C. Foster sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $103.26, for a total transaction of $103,260.00. Following the sale, the director now directly owns 2,618 shares in the company, valued at approximately $270,334.68. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ronald C. Foster sold 2,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $118.48, for a total value of $236,960.00. Following the sale, the director now owns 3,618 shares in the company, valued at $428,660.64. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.