FDx Advisors Inc. increased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 128.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,307 shares of the electronics maker’s stock after buying an additional 4,110 shares during the quarter. FDx Advisors Inc.’s holdings in Advanced Energy Industries were worth $590,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Advisory Services Network LLC grew its holdings in Advanced Energy Industries by 9.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after buying an additional 187 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Advanced Energy Industries by 12.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 2,191 shares of the electronics maker’s stock valued at $141,000 after purchasing an additional 244 shares in the last quarter. D.A. Davidson & CO. boosted its stake 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 valued at $142,000 after purchasing an additional 16 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Advanced Energy Industries by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock valued at $151,000 after purchasing an additional 831 shares in the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in Advanced Energy Industries during the 3rd quarter valued at $205,000. 92.73% of the stock is owned by institutional investors and hedge funds.

In related news, Director Frederick Ball sold 4,000 shares of the stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.51, for a total transaction of $334,040.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Yuval Wasserman sold 11,744 shares of the stock in a transaction 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 sale, 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. Insiders sold 70,603 shares of company stock valued at $5,750,808 in the last 90 days. Corporate insiders own 1.13% of the company’s stock.

A number of brokerages have issued reports on AEIS. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Needham & Company LLC increased their price target on Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. KeyCorp reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Sunday, October 15th. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a research report on Friday, November 3rd. Finally, BidaskClub upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $81.60.

Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at $82.03 on Friday. The stock has a market capitalization of $3,253.06, a price-to-earnings ratio of 19.91, a PEG ratio of 1.32 and a beta of 1.36. Advanced Energy Industries, Inc. has a 1-year low of $51.56 and a 1-year high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.02. The company had revenue of $176.60 million during the quarter, compared to analyst estimates of $165.77 million. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The company’s revenue for the quarter was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.77 earnings per share. sell-side analysts forecast that Advanced Energy Industries, Inc. will post 4.24 earnings per share for the current fiscal year.

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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.

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

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