Capital Fund Management S.A. grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 26.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 234,567 shares of the electronics maker’s stock after acquiring an additional 49,119 shares during the period. Capital Fund Management S.A. owned about 0.59% of Advanced Energy Industries worth $15,829,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Cerebellum GP LLC bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $122,000. Migdal Insurance & Financial Holdings Ltd. raised its stake in shares of Advanced Energy Industries by 57.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock valued at $168,000 after acquiring an additional 756 shares in the last quarter. Advisory Services Network LLC raised its stake in shares of Advanced Energy Industries by 9.5% during 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 in the last quarter. Macquarie Group Ltd. bought a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $202,000. Finally, Ifrah Financial Services Inc. bought a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $203,000. 93.22% of the stock is owned by hedge funds and other institutional investors.
AEIS has been the subject of several research analyst reports. ValuEngine downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Friday, October 27th. Needham & Company LLC lifted their price target on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research note on Tuesday, October 31st. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price target for the company in a research note on Friday, November 3rd. BidaskClub downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, December 14th. Finally, DA Davidson began coverage on shares of Advanced Energy Industries in a report on Wednesday, January 10th. They set a “buy” rating and a $100.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $84.60.
Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. The company had revenue of $179.21 million for the quarter, compared to analyst estimates of $177.07 million. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. Advanced Energy Industries’s revenue was up 32.4% compared to the same quarter last year. During the same period last year, the company posted $1.06 earnings per share. analysts anticipate that Advanced Energy Industries, Inc. will post 4.76 EPS for the current fiscal year.
In related news, Director Grant H. Beard sold 10,000 shares of Advanced Energy Industries stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $71.86, for a total transaction of $718,600.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.13% of the company’s stock.
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Advanced Energy Industries 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.
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