Icon Advisers Inc. Co. trimmed its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 68.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 6,200 shares of the electronics maker’s stock after selling 13,700 shares during the period. Icon Advisers Inc. Co.’s holdings in Advanced Energy Industries were worth $418,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. State Street Corp raised its position in shares of Advanced Energy Industries by 4.1% during the second quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock worth $65,937,000 after purchasing an additional 40,286 shares during the period. Victory Capital Management Inc. raised its position in shares of Advanced Energy Industries by 5.3% during the fourth quarter. Victory Capital Management Inc. now owns 816,842 shares of the electronics maker’s stock worth $55,120,000 after purchasing an additional 41,409 shares during the period. New York State Common Retirement Fund raised its position in shares of Advanced Energy Industries by 7.1% during the third quarter. New York State Common Retirement Fund now owns 516,601 shares of the electronics maker’s stock worth $41,721,000 after purchasing an additional 34,380 shares during the period. Old Mutual Global Investors UK Ltd. raised its position in shares of Advanced Energy Industries by 77.0% during the third quarter. Old Mutual Global Investors UK Ltd. now owns 290,154 shares of the electronics maker’s stock worth $23,432,000 after purchasing an additional 126,259 shares during the period. Finally, Cortina Asset Management LLC acquired a new position in shares of Advanced Energy Industries during the third quarter worth approximately $18,683,000. 93.22% of the stock is currently owned by institutional investors.

A number of equities analysts have recently weighed in on AEIS shares. ValuEngine lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report 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 report on Tuesday, October 31st. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research report on Friday, November 3rd. BidaskClub lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Finally, DA Davidson started coverage on Advanced Energy Industries in a research report on Wednesday, January 10th. They issued a “buy” rating and a $100.00 price target for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $84.60.

Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at $64.36 on Wednesday. The company has a market capitalization of $2,584.07, a price-to-earnings ratio of 15.01, a P/E/G ratio of 1.52 and a beta of 1.24. Advanced Energy Industries, Inc. has a 12-month low of $60.84 and a 12-month high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, January 30th. The electronics maker reported $1.31 EPS for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The business had revenue of $179.21 million during the quarter, compared to analyst estimates of $177.07 million. Advanced Energy Industries had a return on equity of 35.06% and a net margin of 20.55%. Advanced Energy Industries’s quarterly revenue was up 32.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.06 EPS. analysts anticipate that Advanced Energy Industries, Inc. will post 4.76 EPS for the current year.

In other Advanced Energy Industries news, Director Grant H. Beard sold 10,000 shares of the company’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $71.86, for a total value of $718,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.13% of the company’s stock.

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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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