ProShare Advisors LLC decreased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 25.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,103 shares of the electronics maker’s stock after selling 1,370 shares during the quarter. ProShare Advisors LLC’s holdings in Advanced Energy Industries were worth $265,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other large investors have also recently added to or reduced their stakes in AEIS. UBS Asset Management Americas Inc. lifted its position in Advanced Energy Industries by 26.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 23,785 shares of the electronics maker’s stock worth $1,631,000 after buying an additional 4,966 shares during the last quarter. Mason Street Advisors LLC lifted its position in Advanced Energy Industries by 7.1% in the first quarter. Mason Street Advisors LLC now owns 9,291 shares of the electronics maker’s stock valued at $637,000 after purchasing an additional 618 shares during the last quarter. United Services Automobile Association bought a new stake in Advanced Energy Industries in the first quarter valued at approximately $811,000. OppenheimerFunds Inc. lifted its position in Advanced Energy Industries by 17.5% in the first quarter. OppenheimerFunds Inc. now owns 5,953 shares of the electronics maker’s stock valued at $408,000 after purchasing an additional 887 shares during the last quarter. Finally, FMR LLC lifted its position in Advanced Energy Industries by 8.6% in the first quarter. FMR LLC now owns 19,230 shares of the electronics maker’s stock valued at $1,318,000 after purchasing an additional 1,530 shares during the last quarter. Institutional investors own 92.20% of the company’s stock.
Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.15. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The firm had revenue of $165.95 million during the quarter, compared to analyst estimates of $155.72 million. During the same period last year, the company earned $0.73 EPS. Advanced Energy Industries’s quarterly revenue was up 39.7% compared to the same quarter last year.
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Several analysts have weighed in on AEIS shares. Zacks Investment Research downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $72.60.
In other Advanced Energy Industries news, CEO Yuval Wasserman sold 11,744 shares of the firm’s stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $75.09, for a total transaction of $881,856.96. Following the transaction, the chief executive officer now directly owns 127,396 shares in the company, valued at approximately $9,566,165.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Thomas Liguori sold 16,000 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. 1.13% of the stock is currently owned by company insiders.
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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