VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 3,712 shares of the electronics maker’s stock, valued at approximately $492,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Mutual of America Capital Management LLC increased its position in Advanced Energy Industries by 6.2% during the 2nd quarter. Mutual of America Capital Management LLC now owns 39,241 shares of the electronics maker’s stock worth $5,199,000 after purchasing an additional 2,275 shares during the period. NorthRock Partners LLC grew its holdings in shares of Advanced Energy Industries by 25.9% in the 2nd quarter. NorthRock Partners LLC now owns 8,687 shares of the electronics maker’s stock worth $1,151,000 after acquiring an additional 1,789 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in shares of Advanced Energy Industries by 65.7% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,455 shares of the electronics maker’s stock worth $1,120,000 after acquiring an additional 3,352 shares during the period. Yousif Capital Management LLC grew its holdings in shares of Advanced Energy Industries by 0.9% in the 2nd quarter. Yousif Capital Management LLC now owns 14,120 shares of the electronics maker’s stock worth $1,871,000 after acquiring an additional 127 shares during the period. Finally, CWM LLC grew its holdings in shares of Advanced Energy Industries by 67.6% in the 2nd quarter. CWM LLC now owns 1,805 shares of the electronics maker’s stock worth $239,000 after acquiring an additional 728 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Trading Up 2.1%
Shares of Advanced Energy Industries stock opened at $202.61 on Friday. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $205.36. The firm has a market cap of $7.64 billion, a PE ratio of 91.68, a P/E/G ratio of 1.60 and a beta of 1.55. The business’s fifty day moving average is $167.68 and its two-hundred day moving average is $138.80. The company has a quick ratio of 2.97, a current ratio of 4.09 and a debt-to-equity ratio of 0.45.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the company. Needham & Company LLC upped their price target on Advanced Energy Industries from $155.00 to $188.00 and gave the stock a “buy” rating in a report on Monday, October 13th. TD Cowen upped their target price on Advanced Energy Industries from $118.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. KeyCorp upped their target price on Advanced Energy Industries from $180.00 to $195.00 and gave the company an “overweight” rating in a research note on Friday, October 10th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Energy Industries in a research note on Friday. Finally, Zacks Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $154.44.
Get Our Latest Analysis on AEIS
Insider Buying and Selling at Advanced Energy Industries
In related news, EVP John Donaghey sold 1,000 shares of the stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $160.73, for a total value of $160,730.00. Following the transaction, the executive vice president directly owned 10,029 shares of the company’s stock, valued at approximately $1,611,961.17. This trade represents a 9.07% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.
Advanced Energy Industries Profile
Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.
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