Advanced Energy Industries, Inc. $AEIS Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.0% in the 3rd quarter, Holdings Channel.com reports. The fund owned 600,174 shares of the electronics maker’s stock after selling 12,224 shares during the quarter. Principal Financial Group Inc.’s holdings in Advanced Energy Industries were worth $102,114,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. D.A. Davidson & CO. boosted its position in shares of Advanced Energy Industries by 3.5% during the third quarter. D.A. Davidson & CO. now owns 1,860 shares of the electronics maker’s stock worth $316,000 after buying an additional 63 shares during the period. Maryland State Retirement & Pension System grew its stake in Advanced Energy Industries by 0.7% during the 2nd quarter. Maryland State Retirement & Pension System now owns 11,066 shares of the electronics maker’s stock worth $1,466,000 after purchasing an additional 72 shares in the last quarter. Private Trust Co. NA grew its position in shares of Advanced Energy Industries by 92.4% during the third quarter. Private Trust Co. NA now owns 152 shares of the electronics maker’s stock worth $26,000 after buying an additional 73 shares in the last quarter. Blue Trust Inc. grew its holdings in Advanced Energy Industries by 3.1% during the 3rd quarter. Blue Trust Inc. now owns 3,232 shares of the electronics maker’s stock worth $550,000 after acquiring an additional 97 shares in the last quarter. Finally, Huntington National Bank grew its stake in shares of Advanced Energy Industries by 26.8% during the second quarter. Huntington National Bank now owns 473 shares of the electronics maker’s stock worth $63,000 after purchasing an additional 100 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Up 2.5%

AEIS stock opened at $261.82 on Tuesday. The company’s 50 day simple moving average is $228.69 and its 200-day simple moving average is $191.58. The firm has a market capitalization of $9.88 billion, a PE ratio of 68.72, a P/E/G ratio of 1.22 and a beta of 1.39. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.10 and a quick ratio of 3.01. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $277.14.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, November 4th. The electronics maker reported $1.74 earnings per share for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. The company had revenue of $463.30 million during the quarter, compared to analysts’ expectations of $441.54 million. Advanced Energy Industries had a return on equity of 14.27% and a net margin of 8.41%.The business’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.98 earnings per share. Equities analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Tina Donikowski sold 2,257 shares of Advanced Energy Industries stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $210.33, for a total value of $474,714.81. Following the completion of the sale, the director directly owned 8,248 shares of the company’s stock, valued at approximately $1,734,801.84. The trade was a 21.49% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Paul R. Oldham sold 8,174 shares of Advanced Energy Industries stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $203.11, for a total value of $1,660,221.14. Following the completion of the sale, the executive vice president directly owned 24,792 shares of the company’s stock, valued at approximately $5,035,503.12. This represents a 24.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AEIS. Needham & Company LLC upped their price target on Advanced Energy Industries from $225.00 to $290.00 and gave the company a “buy” rating in a report on Friday, January 16th. Benchmark upped their target price on shares of Advanced Energy Industries from $150.00 to $225.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. TD Cowen restated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 5th. Zacks Research cut shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Finally, Bank of America upped their price objective on Advanced Energy Industries from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and an average target price of $255.50.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.