Advanced Energy Industries, Inc. (NASDAQ:AEIS) CEO Yuval Wasserman sold 11,744 shares of Advanced Energy Industries stock in a transaction dated Wednesday, September 20th. The shares were sold at an average price of $75.09, for a total value of $881,856.96. Following the completion of the transaction, the chief executive officer now directly owns 127,396 shares in the company, valued at $9,566,165.64. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Advanced Energy Industries, Inc. (NASDAQ AEIS) traded up 3.10% during trading on Friday, hitting $76.14. The stock had a trading volume of 312,957 shares. The company has a market cap of $3.04 billion, a P/E ratio of 19.34 and a beta of 1.35. Advanced Energy Industries, Inc. has a 12-month low of $45.47 and a 12-month high of $86.25. The company has a 50 day moving average of $72.37 and a 200-day moving average of $71.67.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.15. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company had revenue of $165.95 million for the quarter, compared to analyst estimates of $155.72 million. During the same period in the prior year, the firm posted $0.73 EPS. The business’s revenue was up 39.7% compared to the same quarter last year. On average, equities analysts predict that Advanced Energy Industries, Inc. will post $4.59 EPS for the current year.

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A number of hedge funds have recently modified their holdings of AEIS. DekaBank Deutsche Girozentrale acquired a new position in Advanced Energy Industries in the 1st quarter worth about $130,000. Meeder Asset Management Inc. increased its position in Advanced Energy Industries by 797.2% in the 1st quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 1,730 shares during the last quarter. Advisory Services Network LLC increased its position in Advanced Energy Industries by 9.5% in the 2nd quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock worth $140,000 after purchasing an additional 187 shares during the last quarter. D.A. Davidson & CO. increased its position in Advanced Energy Industries by 0.7% in the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after purchasing an additional 16 shares during the last quarter. Finally, Riverhead Capital Management LLC increased its position in Advanced Energy Industries by 55.4% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after purchasing an additional 831 shares during the last quarter. 92.20% of the stock is currently owned by institutional investors.

Several equities analysts have recently weighed in on AEIS shares. ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. BidaskClub lowered Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Zacks Investment Research lowered Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Finally, Stifel Nicolaus started coverage on Advanced Energy Industries in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price objective on the stock. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $72.60.

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.

Insider Buying and Selling by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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