Dimensional Fund Advisors LP cut its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,382,408 shares of the electronics maker’s stock after selling 11,085 shares during the quarter. Dimensional Fund Advisors LP owned approximately 3.46% of Advanced Energy Industries worth $89,429,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. increased its position in shares of 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 valued at $142,000 after purchasing an additional 16 shares during the last quarter. US Bancorp DE increased its position in shares of Advanced Energy Industries by 0.4% during the 2nd quarter. US Bancorp DE now owns 5,136 shares of the electronics maker’s stock valued at $332,000 after purchasing an additional 18 shares during the last quarter. Alps Advisors Inc. increased its position in shares of Advanced Energy Industries by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 7,205 shares of the electronics maker’s stock valued at $466,000 after purchasing an additional 19 shares during the last quarter. Teacher Retirement System of Texas increased its position in shares of Advanced Energy Industries by 1.1% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock valued at $205,000 after purchasing an additional 34 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Advanced Energy Industries by 2.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,263 shares of the electronics maker’s stock valued at $340,000 after purchasing an additional 138 shares during the last quarter. 92.20% of the stock is owned by hedge funds and other institutional investors.

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

Several equities research analysts have recently issued reports on AEIS shares. BidaskClub raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research report on Monday, July 10th. Finally, Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 target price for the company. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.60.

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at 83.07 on Friday. Advanced Energy Industries, Inc. has a one year low of $45.47 and a one year high of $86.25. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 21.11 and a beta of 1.38. The company has a 50-day moving average price of $74.86 and a 200 day moving average price of $72.67.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 EPS for the quarter, topping analysts’ consensus estimates 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 business had revenue of $165.95 million during the quarter, compared to analysts’ expectations of $155.72 million. During the same quarter in the prior year, the business posted $0.73 earnings per share. The business’s quarterly revenue was up 39.7% on a year-over-year basis. Equities research analysts expect that Advanced Energy Industries, Inc. will post $4.59 earnings per share for the current year.

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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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