Homestead Advisers Corp Has $7.43 Million Stake in Advanced Energy Industries, Inc. $AEIS

Homestead Advisers Corp decreased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 26.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 43,662 shares of the electronics maker’s stock after selling 16,000 shares during the quarter. Homestead Advisers Corp’s holdings in Advanced Energy Industries were worth $7,429,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Royal Bank of Canada lifted its stake in Advanced Energy Industries by 16.5% in the first quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker’s stock valued at $1,063,000 after acquiring an additional 1,578 shares during the last quarter. Advisors Asset Management Inc. lifted its stake in shares of Advanced Energy Industries by 47.7% in the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock valued at $51,000 after purchasing an additional 174 shares during the last quarter. AQR Capital Management LLC bought a new stake in Advanced Energy Industries in the first quarter worth $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Advanced Energy Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker’s stock worth $2,123,000 after purchasing an additional 970 shares in the last quarter. Finally, United Services Automobile Association acquired a new position in Advanced Energy Industries during the first quarter worth $228,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $254.54 on Thursday. The company has a quick ratio of 3.01, a current ratio of 4.10 and a debt-to-equity ratio of 0.43. The business’s 50 day moving average is $230.73 and its two-hundred day moving average is $192.86. The company has a market cap of $9.61 billion, a P/E ratio of 66.81, a P/E/G ratio of 1.26 and a beta of 1.41. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $277.14.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, November 4th. The electronics maker reported $1.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.47 by $0.27. Advanced Energy Industries had a net margin of 8.41% and a return on equity of 14.27%. The business had revenue of $463.30 million for the quarter, compared to the consensus estimate of $441.54 million. During the same quarter last year, the company posted $0.98 earnings per share. Advanced Energy Industries’s quarterly revenue was up 23.8% on a year-over-year basis. On average, equities analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. Bank of America boosted their price target on Advanced Energy Industries from $260.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, January 22nd. Robert W. Baird set a $190.00 price objective on Advanced Energy Industries in a research note on Monday, October 27th. Stifel Nicolaus upped their target price on Advanced Energy Industries from $230.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Advanced Energy Industries in a report on Monday, December 29th. Finally, Benchmark lifted their price target on shares of Advanced Energy Industries from $150.00 to $225.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.50.

Insiders Place Their Bets

In other news, Director Tina Donikowski sold 2,257 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $210.33, for a total transaction of $474,714.81. Following the completion of the transaction, the director owned 8,248 shares of the company’s stock, valued at approximately $1,734,801.84. This represents a 21.49% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul R. Oldham sold 8,174 shares of the stock in a transaction dated Wednesday, November 19th. The shares were sold at an average price of $203.11, for a total transaction of $1,660,221.14. Following the completion of the sale, the executive vice president owned 24,792 shares of the company’s stock, valued at approximately $5,035,503.12. The trade was a 24.80% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is owned by corporate insiders.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.