Advanced Energy Industries, Inc. (AEIS) Shares Sold by BlackRock Inc.

BlackRock Inc. reduced its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.1% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,589,074 shares of the electronics maker’s stock after selling 61,907 shares during the quarter. BlackRock Inc. owned 14.52% of Advanced Energy Industries worth $239,938,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Russell Investments Group Ltd. increased its holdings in Advanced Energy Industries by 28.2% in the 3rd quarter. Russell Investments Group Ltd. now owns 29,305 shares of the electronics maker’s stock valued at $1,514,000 after buying an additional 6,452 shares during the period. American Century Companies Inc. increased its holdings in Advanced Energy Industries by 81.4% in the 3rd quarter. American Century Companies Inc. now owns 233,302 shares of the electronics maker’s stock valued at $12,050,000 after buying an additional 104,661 shares during the period. Stone Ridge Asset Management LLC increased its holdings in Advanced Energy Industries by 60.0% in the 3rd quarter. Stone Ridge Asset Management LLC now owns 12,133 shares of the electronics maker’s stock valued at $627,000 after buying an additional 4,552 shares during the period. LSV Asset Management increased its holdings in Advanced Energy Industries by 956.5% in the 3rd quarter. LSV Asset Management now owns 829,735 shares of the electronics maker’s stock valued at $42,855,000 after buying an additional 751,200 shares during the period. Finally, SG Americas Securities LLC grew its holdings in shares of Advanced Energy Industries by 89.6% in the 3rd quarter. SG Americas Securities LLC now owns 43,746 shares of the electronics maker’s stock worth $2,259,000 after purchasing an additional 20,668 shares during the last quarter. Institutional investors and hedge funds own 95.67% of the company’s stock.

AEIS has been the topic of several analyst reports. BidaskClub lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday. Zacks Investment Research raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, ValuEngine raised shares of Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a report on Thursday, December 27th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus price target of $70.17.

AEIS opened at $48.55 on Friday. Advanced Energy Industries, Inc. has a twelve month low of $38.74 and a twelve month high of $71.49. The stock has a market capitalization of $1.85 billion, a PE ratio of 11.59, a PEG ratio of 1.36 and a beta of 1.42.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, February 4th. The electronics maker reported $0.68 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.76 by ($0.08). Advanced Energy Industries had a return on equity of 27.02% and a net margin of 20.45%. The firm had revenue of $154.16 million during the quarter, compared to the consensus estimate of $155.58 million. During the same period in the previous year, the company posted $1.31 EPS. The firm’s revenue for the quarter was down 14.0% compared to the same quarter last year. On average, research analysts expect that Advanced Energy Industries, Inc. will post 3.52 earnings per share for the current year.

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About Advanced Energy Industries

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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