Advanced Energy Industries, Inc. (AEIS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund cut its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 8.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 26,807 shares of the electronics maker’s stock after selling 2,353 shares during the period. Texas Permanent School Fund’s holdings in Advanced Energy Industries were worth $1,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Advisory Services Network LLC raised its position in shares of Advanced Energy Industries by 9.5% in the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock valued at $140,000 after purchasing an additional 187 shares during the period. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Advanced Energy Industries by 57.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock valued at $168,000 after purchasing an additional 756 shares during the period. Macquarie Group Ltd. bought a new position in shares of Advanced Energy Industries in the third quarter valued at about $202,000. Ifrah Financial Services Inc. bought a new position in shares of Advanced Energy Industries in the third quarter valued at about $203,000. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Advanced Energy Industries in the third quarter valued at about $205,000. 93.21% of the stock is currently owned by institutional investors.

Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at $62.40 on Friday. Advanced Energy Industries, Inc. has a one year low of $60.84 and a one year high of $95.00. The company has a market cap of $2,569.00, a PE ratio of 14.93, a P/E/G ratio of 1.51 and a beta of 1.24.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, January 30th. The electronics maker reported $1.31 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.09. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. The business had revenue of $179.21 million for the quarter, compared to the consensus estimate of $177.07 million. During the same period in the prior year, the company posted $1.06 earnings per share. Advanced Energy Industries’s revenue was up 32.4% compared to the same quarter last year. equities research analysts forecast 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 the company’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $71.86, for a total value of $718,600.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.13% of the company’s stock.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday. BidaskClub lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday. Needham & Company LLC reissued a “buy” rating on shares of Advanced Energy Industries in a research report on Friday, October 13th. KeyCorp reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Finally, DA Davidson assumed coverage on shares of Advanced Energy Industries in a research report on Wednesday, January 10th. They issued a “buy” rating and a $100.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $84.60.

TRADEMARK VIOLATION WARNING: This report was first reported by Community Financial News and is owned by of Community Financial News. If you are accessing this report on another domain, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this report can be read at https://www.com-unik.info/2018/02/09/advanced-energy-industries-inc-aeis-shares-sold-by-texas-permanent-school-fund.html.

Advanced Energy Industries Company 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.

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS).

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

Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit