Old Mutual Global Investors UK Ltd. increased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 35.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 392,747 shares of the electronics maker’s stock after buying an additional 102,593 shares during the period. Old Mutual Global Investors UK Ltd.’s holdings in Advanced Energy Industries were worth $26,502,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AEIS. UBS Asset Management Americas Inc. raised its stake in Advanced Energy Industries by 1.7% during the second quarter. UBS Asset Management Americas Inc. now owns 24,184 shares of the electronics maker’s stock worth $1,564,000 after buying an additional 399 shares during the last quarter. Voya Investment Management LLC grew its holdings in Advanced Energy Industries by 11.2% in the second quarter. Voya Investment Management LLC now owns 18,430 shares of the electronics maker’s stock worth $1,192,000 after purchasing an additional 1,859 shares during the period. State Street Corp grew its holdings in Advanced Energy Industries by 4.1% in 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. The Manufacturers Life Insurance Company grew its holdings in Advanced Energy Industries by 0.6% in the second quarter. The Manufacturers Life Insurance Company now owns 30,325 shares of the electronics maker’s stock worth $1,962,000 after purchasing an additional 174 shares during the period. Finally, Nomura Holdings Inc. acquired a new stake in Advanced Energy Industries in the second quarter worth $557,000. 93.22% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on AEIS shares. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a report on Friday, November 3rd. ValuEngine cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Friday, October 27th. BidaskClub cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, December 29th. DA Davidson started coverage on shares of Advanced Energy Industries in a report on Wednesday, January 10th. They issued a “buy” rating and a $100.00 price target for the company. Finally, Needham & Company LLC raised their price target on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the stock a “buy” rating in a report on Tuesday, October 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $84.60.

In other news, Director Grant H. Beard sold 10,000 shares of Advanced Energy Industries stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $71.86, for a total transaction of $718,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.13% of the stock is owned by company insiders.

Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at $64.36 on Wednesday. The company has a market cap of $2,584.07, a price-to-earnings ratio of 18.87, a price-to-earnings-growth ratio of 1.52 and a beta of 1.24. Advanced Energy Industries, Inc. has a twelve month low of $60.84 and a twelve month high of $95.00.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.09. The firm had revenue of $179.21 million during the quarter, compared to analysts’ expectations of $177.07 million. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. The business’s revenue was up 32.4% on a year-over-year basis. During the same period last year, the company earned $1.06 earnings per share. equities research analysts forecast that Advanced Energy Industries, Inc. will post 4.76 EPS for the current fiscal year.

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

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