Advanced Energy Industries, Inc. (NASDAQ:AEIS) was the target of unusually large options trading activity on Friday. Traders purchased 735 put options on the stock. This is an increase of 726% compared to the typical daily volume of 89 put options.

Shares of Advanced Energy Industries (NASDAQ:AEIS) opened at $72.55 on Monday. The stock has a market cap of $2,877.12, a P/E ratio of 17.61, a PEG ratio of 1.16 and a beta of 1.31. Advanced Energy Industries has a 1-year low of $51.56 and a 1-year high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The firm had revenue of $176.60 million during the quarter, compared to the consensus estimate of $165.77 million. During the same quarter last year, the firm earned $0.77 EPS. The firm’s revenue for the quarter was up 39.5% on a year-over-year basis. research analysts forecast that Advanced Energy Industries will post 4.26 earnings per share for the current year.

A number of analysts have commented on AEIS shares. ValuEngine downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price objective for the company. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price objective for the company in a report on Friday, November 3rd. Needham & Company LLC increased their price objective on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a report on Tuesday, October 31st. Finally, KeyCorp reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $81.60.

In related news, Director Frederick Ball sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.51, for a total value of $334,040.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Thomas Liguori sold 16,000 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $73.64, for a total transaction of $1,178,240.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,603 shares of company stock worth $5,750,808. Corporate insiders own 1.13% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. Institutional & Family Asset Management LLC boosted its position in Advanced Energy Industries by 60.1% in the 3rd quarter. Institutional & Family Asset Management LLC now owns 7,918 shares of the electronics maker’s stock valued at $639,000 after buying an additional 2,972 shares during the period. Public Employees Retirement System of Ohio boosted its position in Advanced Energy Industries by 106.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 17,925 shares of the electronics maker’s stock valued at $1,448,000 after buying an additional 9,255 shares during the period. Sterling Capital Management LLC purchased a new position in Advanced Energy Industries in the 3rd quarter valued at approximately $1,916,000. California Public Employees Retirement System boosted its position in Advanced Energy Industries by 2.5% in the 3rd quarter. California Public Employees Retirement System now owns 225,231 shares of the electronics maker’s stock valued at $18,190,000 after buying an additional 5,531 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. boosted its position in Advanced Energy Industries by 146.4% in the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 32,200 shares of the electronics maker’s stock valued at $2,600,000 after buying an additional 19,131 shares during the period. Hedge funds and other institutional investors own 92.93% of the company’s stock.

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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.

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