Lazard Asset Management LLC grew its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 76.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 183,096 shares of the electronics maker’s stock after acquiring an additional 79,546 shares during the period. Lazard Asset Management LLC owned 0.46% of Advanced Energy Industries worth $11,844,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in Advanced Energy Industries in the first quarter worth approximately $130,000. First Trust Advisors LP raised its position in Advanced Energy Industries by 1.5% in the first quarter. First Trust Advisors LP now owns 80,298 shares of the electronics maker’s stock worth $5,505,000 after acquiring an additional 1,215 shares during the period. Bank of New York Mellon Corp raised its position in Advanced Energy Industries by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 558,267 shares of the electronics maker’s stock worth $38,275,000 after acquiring an additional 22,789 shares during the period. Shelton Capital Management raised its position in Advanced Energy Industries by 13.5% in the first quarter. Shelton Capital Management now owns 16,400 shares of the electronics maker’s stock worth $1,124,000 after acquiring an additional 1,957 shares during the period. Finally, Thrivent Financial For Lutherans raised its position in Advanced Energy Industries by 3.6% in the first quarter. Thrivent Financial For Lutherans now owns 22,270 shares of the electronics maker’s stock worth $1,527,000 after acquiring an additional 780 shares during the period. Institutional investors and hedge funds own 92.20% of the company’s stock.

In related news, CFO Thomas Liguori sold 16,000 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.64, for a total value of $1,178,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Yuval Wasserman sold 11,744 shares of the business’s stock in a transaction on Wednesday, September 20th. The shares were sold at an average price of $75.09, for a total transaction of $881,856.96. Following the completion of the transaction, the chief executive officer now owns 127,396 shares of the company’s stock, valued at $9,566,165.64. The disclosure for this sale can be found here. Over the last quarter, insiders sold 31,744 shares of company stock valued at $2,319,577. Company insiders own 1.13% of the company’s stock.

Shares of Advanced Energy Industries, Inc. (AEIS) opened at 76.14 on Friday. The company has a market capitalization of $3.04 billion, a P/E ratio of 19.34 and a beta of 1.35. The stock’s 50 day moving average is $72.37 and its 200 day moving average is $71.67. Advanced Energy Industries, Inc. has a 12 month low of $45.47 and a 12 month high of $86.25.

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

Several research analysts have weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price target on the stock. BidaskClub downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, July 10th. Finally, ValuEngine upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. 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 company’s stock. Advanced Energy Industries has a consensus rating of “Buy” and a consensus target price of $72.60.

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

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