Timpani Capital Management LLC reduced its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 35.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,356 shares of the electronics maker’s stock after selling 23,264 shares during the quarter. Timpani Capital Management LLC owned 0.11% of Advanced Energy Industries worth $2,740,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in AEIS. BlackRock Inc. raised its position in Advanced Energy Industries by 117,677.4% during the first quarter. BlackRock Inc. now owns 4,971,385 shares of the electronics maker’s stock valued at $340,838,000 after acquiring an additional 4,967,164 shares in the last quarter. Bank of Montreal Can raised its position in Advanced Energy Industries by 787.7% during the second quarter. Bank of Montreal Can now owns 164,164 shares of the electronics maker’s stock valued at $10,620,000 after acquiring an additional 145,670 shares in the last quarter. Victory Capital Management Inc. raised its position in Advanced Energy Industries by 130.9% during the second quarter. Victory Capital Management Inc. now owns 254,549 shares of the electronics maker’s stock valued at $16,466,000 after acquiring an additional 144,316 shares in the last quarter. Systematic Financial Management LP purchased a new position in Advanced Energy Industries during the second quarter valued at approximately $9,199,000. Finally, Vanguard Group Inc. raised its position in Advanced Energy Industries by 3.9% during the first quarter. Vanguard Group Inc. now owns 3,757,244 shares of the electronics maker’s stock valued at $257,596,000 after acquiring an additional 141,520 shares in the last quarter. Institutional investors own 92.25% of the company’s stock.

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Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) traded down 2.86% on Friday, reaching $71.57. The company had a trading volume of 220,620 shares. Advanced Energy Industries, Inc. has a 52 week low of $43.33 and a 52 week high of $86.25. The company’s 50-day moving average price is $72.01 and its 200 day moving average price is $70.87. The firm has a market capitalization of $2.86 billion, a P/E ratio of 18.18 and a beta of 1.35.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. The business had revenue of $165.95 million during the quarter, compared to the consensus estimate of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. On average, analysts expect that Advanced Energy Industries, Inc. will post $4.59 EPS for the current year.

AEIS has been the subject of several recent research reports. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a research report on Monday, July 10th. BidaskClub cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. ValuEngine upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price target for the company. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $72.60.

In other news, Director Thomas M. Rohrs sold 4,000 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $64.87, for a total transaction of $259,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Yuval Wasserman sold 12,281 shares of the stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $80.00, for a total value of $982,480.00. Following the transaction, the chief executive officer now directly owns 130,349 shares of the company’s stock, valued at $10,427,920. The disclosure for this sale can be found here. Over the last three months, insiders have sold 37,024 shares of company stock valued at $2,759,471. Company insiders own 1.13% of the company’s stock.

Advanced Energy Industries 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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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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