Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Grant H. Beard sold 10,000 shares of Advanced Energy Industries stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $71.86, for a total value of $718,600.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of Advanced Energy Industries, Inc. (AEIS) traded down $1.16 during trading hours on Tuesday, reaching $69.03. The company’s stock had a trading volume of 386,057 shares, compared to its average volume of 430,439. Advanced Energy Industries, Inc. has a one year low of $52.12 and a one year high of $95.00. The firm has a market capitalization of $2,793.46, a P/E ratio of 17.10, a PEG ratio of 1.13 and a beta of 1.29.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, October 30th. The electronics maker reported $1.19 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.02. Advanced Energy Industries had a return on equity of 35.56% and a net margin of 33.76%. The company had revenue of $176.60 million during the quarter, compared to the consensus estimate of $165.77 million. During the same period in the previous year, the company posted $0.77 earnings per share. Advanced Energy Industries’s revenue for the quarter was up 39.5% on a year-over-year basis. equities analysts expect that Advanced Energy Industries, Inc. will post 4.26 EPS for the current fiscal year.

A number of equities research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 target price for the company. Zacks Investment Research downgraded Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Thursday, November 30th. Needham & Company LLC reaffirmed a “buy” rating on shares of Advanced Energy Industries in a report on Friday, October 13th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Sunday, October 15th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $81.60.

Large investors have recently made changes to their positions in the business. Advisory Services Network LLC lifted its holdings in Advanced Energy Industries by 9.5% in the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock valued at $140,000 after acquiring an additional 187 shares during the period. D.A. Davidson & CO. raised its stake in shares of Advanced Energy Industries by 0.7% during the 2nd quarter. D.A. Davidson & CO. now owns 2,207 shares of the electronics maker’s stock worth $142,000 after buying an additional 16 shares during the period. Riverhead Capital Management LLC raised its stake in shares of Advanced Energy Industries by 55.4% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,331 shares of the electronics maker’s stock worth $151,000 after buying an additional 831 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Advanced Energy Industries by 57.2% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock worth $168,000 after buying an additional 756 shares during the period. Finally, Pacad Investment Ltd. acquired a new position in shares of Advanced Energy Industries during the 2nd quarter worth approximately $188,000. 94.35% of the stock is owned by institutional investors.

ILLEGAL ACTIVITY NOTICE: “Advanced Energy Industries, Inc. (AEIS) Director Grant H. Beard Sells 10,000 Shares” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another site, it was stolen and republished in violation of US and international trademark & copyright laws. The original version of this article can be read at https://www.americanbankingnews.com/2017/12/12/advanced-energy-industries-inc-aeis-director-grant-h-beard-sells-10000-shares.html.

Advanced Energy Industries Company Profile

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)

Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.