First Citizens Bank & Trust Co. bought a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 4,967 shares of the electronics maker’s stock, valued at approximately $658,000.
A number of other institutional investors and hedge funds have also made changes to their positions in AEIS. UMB Bank n.a. raised its holdings in Advanced Energy Industries by 42.9% during the second quarter. UMB Bank n.a. now owns 313 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 94 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Advanced Energy Industries during the first quarter worth $31,000. Russell Investments Group Ltd. raised its position in Advanced Energy Industries by 26.0% in the first quarter. Russell Investments Group Ltd. now owns 446 shares of the electronics maker’s stock worth $43,000 after acquiring an additional 92 shares in the last quarter. Advisors Asset Management Inc. raised its position in Advanced Energy Industries by 47.7% in the first quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock worth $51,000 after acquiring an additional 174 shares in the last quarter. Finally, Quarry LP acquired a new stake in Advanced Energy Industries in the first quarter valued at $53,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Advanced Energy Industries Price Performance
Shares of NASDAQ:AEIS opened at $202.61 on Friday. The stock has a market cap of $7.64 billion, a PE ratio of 91.68, a price-to-earnings-growth ratio of 1.60 and a beta of 1.55. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.97 and a current ratio of 4.09. Advanced Energy Industries, Inc. has a one year low of $75.01 and a one year high of $205.36. The business’s fifty day moving average price is $167.68 and its two-hundred day moving average price is $138.80.
Insider Activity
In other news, EVP John Donaghey sold 1,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $160.73, for a total value of $160,730.00. Following the completion of the sale, the executive vice president owned 10,029 shares in the company, valued at approximately $1,611,961.17. This trade represents a 9.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
Several analysts recently commented on the stock. TD Cowen raised their price objective on shares of Advanced Energy Industries from $118.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Needham & Company LLC lifted their price target on shares of Advanced Energy Industries from $155.00 to $188.00 and gave the company a “buy” rating in a research report on Monday, October 13th. Benchmark upped their price target on Advanced Energy Industries from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. KeyCorp upped their target price on Advanced Energy Industries from $180.00 to $195.00 and gave the company an “overweight” rating in a report on Friday, October 10th. Finally, Stifel Nicolaus raised their price target on Advanced Energy Industries from $150.00 to $175.00 and gave the company a “buy” rating in a research report on Monday, October 13th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $154.44.
View Our Latest Analysis on Advanced Energy Industries
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.
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