Advanced Energy Industries, Inc. (NASDAQ:AEIS) Position Cut by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC reduced its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 30.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 197,807 shares of the electronics maker’s stock after selling 87,321 shares during the period. Rice Hall James & Associates LLC owned 0.50% of Advanced Energy Industries worth $12,796,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AEIS. DekaBank Deutsche Girozentrale bought a new stake in shares of Advanced Energy Industries during the first quarter worth $130,000. First Trust Advisors LP increased its stake in shares of Advanced Energy Industries by 1.5% in the first quarter. First Trust Advisors LP now owns 80,298 shares of the electronics maker’s stock worth $5,505,000 after buying an additional 1,215 shares in the last quarter. Cim LLC increased its stake in shares of Advanced Energy Industries by 0.8% in the first quarter. Cim LLC now owns 9,342 shares of the electronics maker’s stock worth $640,000 after buying an additional 72 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Advanced Energy Industries by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 558,267 shares of the electronics maker’s stock worth $38,275,000 after buying an additional 22,789 shares in the last quarter. Finally, Navellier & Associates Inc bought a new stake in shares of Advanced Energy Industries during the first quarter worth $731,000. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at 71.17 on Friday. Advanced Energy Industries, Inc. has a 12 month low of $41.15 and a 12 month high of $86.25. The firm’s 50-day moving average is $70.40 and its 200-day moving average is $69.34. The company has a market capitalization of $2.84 billion, a PE ratio of 18.08 and a beta of 1.34.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.07 by $0.15. The business had revenue of $165.95 million for the quarter, compared to analysts’ expectations of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the prior year, the firm earned $0.73 EPS. Equities analysts anticipate that Advanced Energy Industries, Inc. will post $4.59 EPS for the current fiscal year.

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A number of research analysts have commented on AEIS shares. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, July 10th. BidaskClub cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $72.25.

In related news, Director Thomas M. Rohrs sold 4,000 shares of the stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $64.87, for a total transaction of $259,480.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Edward C. Grady sold 6,000 shares of the stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $80.02, for a total value of $480,120.00. The disclosure for this sale can be found here. Insiders have sold a total of 89,796 shares of company stock worth $6,836,106 over the last ninety days. Insiders own 1.13% of the company’s stock.

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.

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

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