Numeric Investors LLC lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 53.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 219,549 shares of the electronics maker’s stock after selling 256,800 shares during the period. Numeric Investors LLC owned 0.55% of Advanced Energy Industries worth $14,203,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. D.A. Davidson & CO. raised its position in Advanced Energy Industries by 0.7% in 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 raised its position in Advanced Energy Industries by 0.4% in the 2nd quarter. US Bancorp DE now owns 5,136 shares of the electronics maker’s stock worth $332,000 after purchasing an additional 18 shares during the last quarter. Alps Advisors Inc. raised its position in Advanced Energy Industries by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,205 shares of the electronics maker’s stock worth $466,000 after purchasing an additional 19 shares during the last quarter. Teacher Retirement System of Texas raised its position in 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 worth $205,000 after purchasing an additional 34 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 worth $340,000 after purchasing an additional 138 shares during the last quarter. Hedge funds and other institutional investors own 92.20% of the company’s stock.

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at 80.76 on Friday. The firm has a market cap of $3.23 billion, a price-to-earnings ratio of 20.52 and a beta of 1.35. The firm’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 issued its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.22 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 net margin of 27.42% and a return on equity of 36.19%. The firm’s revenue was up 39.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.73 EPS. Analysts predict that Advanced Energy Industries, Inc. will post $4.59 earnings per share for the current fiscal year.

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Several research analysts recently weighed in on AEIS shares. BidaskClub upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research report on Monday, July 10th. ValuEngine upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Stifel Nicolaus started 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 objective for the company. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $72.60.

In other news, CEO Yuval Wasserman sold 11,744 shares of the firm’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas M. Rohrs sold 4,000 shares of the firm’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $64.87, for a total transaction of $259,480.00. The disclosure for this sale can be found here. In the last three months, insiders sold 31,744 shares of company stock valued at $2,319,577. 1.13% of the stock is owned by insiders.

About Advanced Energy Industries

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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