Advanced Energy Industries, Inc. (AEIS) Holdings Reduced by Oak Associates Ltd. OH

Oak Associates Ltd. OH reduced its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 20.4% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,070 shares of the electronics maker’s stock after selling 2,580 shares during the period. Oak Associates Ltd. OH’s holdings in Advanced Energy Industries were worth $651,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of AEIS. UBS Asset Management Americas Inc. increased 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 period. United Services Automobile Association bought a new position in Advanced Energy Industries in the 1st quarter worth approximately $811,000. OppenheimerFunds Inc. increased its position in Advanced Energy Industries by 17.5% in the 1st quarter. OppenheimerFunds Inc. now owns 5,953 shares of the electronics maker’s stock worth $408,000 after buying an additional 887 shares during the period. FMR LLC increased its position in Advanced Energy Industries by 8.6% in the 1st quarter. FMR LLC now owns 19,230 shares of the electronics maker’s stock worth $1,318,000 after buying an additional 1,530 shares during the period. Finally, Teachers Advisors LLC increased its position in Advanced Energy Industries by 4.8% in the 1st quarter. Teachers Advisors LLC now owns 295,732 shares of the electronics maker’s stock worth $20,275,000 after buying an additional 13,563 shares during the period. 92.20% of the stock is currently owned by institutional investors.

Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) traded up 0.66% during mid-day trading on Tuesday, hitting $89.74. The stock had a trading volume of 85,573 shares. The stock has a market capitalization of $3.58 billion, a P/E ratio of 22.80 and a beta of 1.38. Advanced Energy Industries, Inc. has a 52 week low of $45.47 and a 52 week high of $89.75. The stock has a 50 day moving average of $77.47 and a 200-day moving average of $73.56.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.15. The company had revenue of $165.95 million for the quarter, compared to analyst estimates of $155.72 million. Advanced Energy Industries had a return on equity of 40.01% and a net margin of 27.66%. The firm’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 earnings per share. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post $4.59 earnings per share for the current year.

AEIS has been the topic of several recent analyst reports. BidaskClub downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a report on Monday, July 10th. Stifel Nicolaus began coverage on Advanced Energy Industries in a report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a report on Sunday. Finally, Needham & Company LLC reissued a “buy” rating on shares of Advanced Energy Industries in a report on Friday. Five research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $72.60.

In other news, CFO Thomas Liguori sold 16,000 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $73.64, for a total transaction of $1,178,240.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Yuval Wasserman sold 23,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $85.00, for a total value of $1,955,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 50,744 shares of company stock worth $4,015,097. 1.13% of the stock is owned by corporate insiders.

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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.

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

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