Lisanti Capital Growth LLC bought a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 20,361 shares of the electronics maker’s stock, valued at approximately $3,464,000. Lisanti Capital Growth LLC owned approximately 0.05% of Advanced Energy Industries as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the business. Rhumbline Advisers lifted its position in Advanced Energy Industries by 3.4% in the second quarter. Rhumbline Advisers now owns 113,228 shares of the electronics maker’s stock worth $15,003,000 after buying an additional 3,770 shares during the last quarter. Tributary Capital Management LLC raised its stake in shares of Advanced Energy Industries by 92.5% in the third quarter. Tributary Capital Management LLC now owns 344,654 shares of the electronics maker’s stock valued at $58,639,000 after acquiring an additional 165,655 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Advanced Energy Industries by 80.4% in the 2nd quarter. Fisher Asset Management LLC now owns 273,993 shares of the electronics maker’s stock worth $36,304,000 after acquiring an additional 122,094 shares during the last quarter. Blair William & Co. IL purchased a new position in shares of Advanced Energy Industries during the 2nd quarter worth about $253,000. Finally, US Bancorp DE grew its holdings in Advanced Energy Industries by 67.6% during the 2nd quarter. US Bancorp DE now owns 8,142 shares of the electronics maker’s stock valued at $1,079,000 after purchasing an additional 3,285 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Down 5.1%
Shares of Advanced Energy Industries stock opened at $255.36 on Friday. The firm’s 50 day moving average price is $227.58 and its 200-day moving average price is $190.03. The company has a market cap of $9.64 billion, a P/E ratio of 67.02, a PEG ratio of 1.29 and a beta of 1.39. The company has a quick ratio of 3.01, a current ratio of 4.10 and a debt-to-equity ratio of 0.43. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $277.14.
Insider Transactions at Advanced Energy Industries
In other news, Director Tina Donikowski sold 2,257 shares of the firm’s stock in a transaction dated Thursday, December 4th. The stock was sold at an average price of $210.33, for a total value of $474,714.81. Following the completion of the transaction, the director directly owned 8,248 shares in the company, valued at $1,734,801.84. This trade represents a 21.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Paul R. Oldham sold 8,174 shares of Advanced Energy Industries stock in a transaction dated Wednesday, November 19th. The stock was sold at an average price of $203.11, for a total value of $1,660,221.14. Following the sale, the executive vice president directly owned 24,792 shares of the company’s stock, valued at $5,035,503.12. This trade represents a 24.80% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.20% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several research analysts have issued reports on AEIS shares. Needham & Company LLC boosted their target price on Advanced Energy Industries from $225.00 to $290.00 and gave the company a “buy” rating in a research report on Friday, January 16th. Citigroup raised their price target on Advanced Energy Industries from $167.00 to $255.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Robert W. Baird set a $190.00 price objective on Advanced Energy Industries in a research report on Monday, October 27th. KeyCorp set a $290.00 target price on Advanced Energy Industries in a research report on Thursday, January 22nd. Finally, TD Cowen reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $255.50.
About Advanced Energy Industries
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.
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