Mckinley Capital Management LLC Delaware boosted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 19.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,899 shares of the electronics maker’s stock after purchasing an additional 8,140 shares during the quarter. Mckinley Capital Management LLC Delaware owned approximately 0.13% of Advanced Energy Industries worth $3,293,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. D.A. Davidson & CO. increased its holdings in Advanced Energy Industries by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after purchasing an additional 16 shares during the last quarter. US Bancorp DE increased its holdings in shares of Advanced Energy Industries by 0.4% in the 2nd quarter. US Bancorp DE now owns 5,136 shares of the electronics maker’s stock valued at $332,000 after acquiring an additional 18 shares during the last quarter. Alps Advisors Inc. increased its holdings in shares of Advanced Energy Industries by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,205 shares of the electronics maker’s stock valued at $466,000 after acquiring an additional 19 shares during the last quarter. Teacher Retirement System of Texas increased its holdings in shares of Advanced Energy Industries by 1.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock valued at $205,000 after acquiring an additional 34 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Advanced Energy Industries by 2.7% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,263 shares of the electronics maker’s stock valued at $340,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 92.20% of the company’s stock.

Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) traded down 1.319% during midday trading on Thursday, hitting $75.915. The stock had a trading volume of 21,852 shares. Advanced Energy Industries, Inc. has a 12-month low of $45.47 and a 12-month high of $86.25. The firm has a 50-day moving average of $72.37 and a 200 day moving average of $71.67. The firm has a market cap of $3.03 billion, a PE ratio of 19.287 and a beta of 1.35.

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

In other Advanced Energy Industries news, Director Thomas M. Rohrs sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 3rd. The stock was sold at an average price of $64.87, for a total value of $259,480.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Yuval Wasserman sold 11,744 shares of the firm’s stock in a transaction that occurred on Wednesday, September 20th. The stock was sold at an average price of $75.09, for a total value of $881,856.96. Following the completion of the sale, the chief executive officer now owns 127,396 shares of the company’s stock, valued at approximately $9,566,165.64. The disclosure for this sale can be found here. Insiders sold a total of 31,744 shares of company stock valued at $2,319,577 in the last quarter. Corporate insiders own 1.13% of the company’s stock.

A number of brokerages have recently weighed in on AEIS. Stifel Nicolaus began coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price target for the company. BidaskClub downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. ValuEngine upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, 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 report on Monday, July 10th. Three investment 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. The stock currently has an average rating of “Buy” and an average price target of $72.60.

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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.

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

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