Bbva Compass Bancshares Inc. decreased its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 12.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,331 shares of the electronics maker’s stock after selling 1,934 shares during the period. Bbva Compass Bancshares Inc.’s holdings in Advanced Energy Industries were worth $862,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. BlackRock Inc. increased its position in shares of Advanced Energy Industries by 117,677.4% in the first quarter. BlackRock Inc. now owns 4,971,385 shares of the electronics maker’s stock valued at $340,838,000 after buying an additional 4,967,164 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Advanced Energy Industries by 3.9% in the first quarter. Vanguard Group Inc. now owns 3,757,244 shares of the electronics maker’s stock valued at $257,596,000 after buying an additional 141,520 shares during the last quarter. Bank of America Corp DE increased its position in shares of Advanced Energy Industries by 1.5% in the first quarter. Bank of America Corp DE now owns 1,568,110 shares of the electronics maker’s stock valued at $107,510,000 after buying an additional 22,601 shares during the last quarter. State Street Corp increased its position in shares of Advanced Energy Industries by 6.5% in the first quarter. State Street Corp now owns 979,004 shares of the electronics maker’s stock valued at $67,126,000 after buying an additional 59,618 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in shares of Advanced Energy Industries by 0.6% in the first quarter. Principal Financial Group Inc. now owns 859,004 shares of the electronics maker’s stock valued at $58,893,000 after buying an additional 5,151 shares during the last quarter. 94.32% of the stock is currently owned by institutional investors.

Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at 69.31 on Friday. Advanced Energy Industries, Inc. has a one year low of $39.81 and a one year high of $86.25. The stock has a 50 day moving average of $70.90 and a 200 day moving average of $68.82. The stock has a market cap of $2.77 billion, a P/E ratio of 17.61 and a beta of 1.34.

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

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AEIS has been the topic of several research reports. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, July 10th. BidaskClub downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, June 20th. Finally, ValuEngine raised 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 company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $72.25.

In other news, Director Thomas M. Rohrs sold 4,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were 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 Securities & Exchange Commission, which is available at this link. Also, CEO Yuval Wasserman sold 20,000 shares of the company’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $77.25, for a total transaction of $1,545,000.00. The disclosure for this sale can be found here. Insiders have sold 109,796 shares of company stock valued at $8,381,106 in the last 90 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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