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Advanced Energy Industries (NASDAQ:AEIS) Director Frederick Ball sold 1,500 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $23.35, for a total value of $35,025.00. Following the completion of the sale, the director now directly owns 42,000 shares in the company, valued at approximately $980,700. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

AEIS has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Advanced Energy Industries from a “neutral” rating to an “outperform” rating in a research note on Tuesday. They now have a $29.30 price target on the stock. Separately, analysts at Raymond James raised their price target on shares of Advanced Energy Industries from $28.00 to $32.00 in a research note on Thursday, February 20th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.61.

Shares of Advanced Energy Industries (NASDAQ:AEIS) traded up 0.64% during mid-day trading on Thursday, hitting $23.69. 245,673 shares of the company’s stock traded hands. Advanced Energy Industries has a 52-week low of $15.95 and a 52-week high of $29.15. The stock’s 50-day moving average is $25.37 and its 200-day moving average is $23.6. The company has a market cap of $971.8 million and a P/E ratio of 29.80.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, February 4th. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.19. The company had revenue of $153.00 million for the quarter, compared to the consensus estimate of $150.75 million. During the same quarter in the previous year, the company posted $0.16 earnings per share. The company’s revenue for the quarter was up 35.0% on a year-over-year basis. On average, analysts predict that Advanced Energy Industries will post $1.91 earnings per share for the current fiscal year.

Advanced Energy Industries, Inc (NASDAQ:AEIS) designs, manufactures, sells, and supports power conversion products that transform power into various usable forms.

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