Wells Fargo & Company MN lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 16.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 394,721 shares of the electronics maker’s stock after selling 79,493 shares during the period. Wells Fargo & Company MN owned about 1.00% of Advanced Energy Industries worth $26,636,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of AEIS. Cerebellum GP LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $122,000. Migdal Insurance & Financial Holdings Ltd. increased its stake in shares of Advanced Energy Industries by 57.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock worth $168,000 after purchasing an additional 756 shares in the last quarter. Macquarie Group Ltd. purchased a new stake in shares of Advanced Energy Industries during the third quarter worth about $202,000. Ifrah Financial Services Inc. purchased a new stake in shares of Advanced Energy Industries during the third quarter worth about $203,000. Finally, Tocqueville Asset Management L.P. purchased a new stake in shares of Advanced Energy Industries during the third quarter worth about $205,000. Institutional investors and hedge funds own 94.63% of the company’s stock.
Advanced Energy Industries, Inc. (NASDAQ AEIS) traded down $0.25 during trading on Wednesday, hitting $70.00. 408,401 shares of the stock traded hands, compared to its average volume of 486,800. Advanced Energy Industries, Inc. has a twelve month low of $61.97 and a twelve month high of $95.00. The stock has a market cap of $2,810.00, a PE ratio of 13.44, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27.
Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.09. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. The business had revenue of $179.21 million during the quarter, compared to analysts’ expectations of $177.07 million. During the same quarter in the prior year, the company posted $1.06 EPS. The business’s revenue for the quarter was up 32.4% on a year-over-year basis. analysts forecast that Advanced Energy Industries, Inc. will post 4.78 earnings per share for the current year.
Several analysts recently issued reports on AEIS shares. Zacks Investment Research cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Monday, January 29th. ValuEngine cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Thursday, November 30th. BidaskClub cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. Finally, DA Davidson started coverage on shares of Advanced Energy Industries in a research note on Wednesday, January 10th. They set a “buy” rating and a $100.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $84.60.
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Advanced Energy Industries Company Profile
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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