Strs Ohio reduced its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.0% during the second quarter, Holdings Channel reports. The fund owned 19,600 shares of the electronics maker’s stock after selling 400 shares during the period. Strs Ohio’s holdings in Advanced Energy Industries were worth $1,267,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale acquired a new stake in shares of Advanced Energy Industries during the first quarter worth approximately $130,000. Meeder Asset Management Inc. boosted its stake in shares of Advanced Energy Industries by 797.2% in the first quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock worth $133,000 after buying an additional 1,730 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Advanced Energy Industries during the first quarter worth approximately $135,000. Creative Planning boosted its stake in shares of Advanced Energy Industries by 83.3% in the first quarter. Creative Planning now owns 2,421 shares of the electronics maker’s stock worth $166,000 after buying an additional 1,100 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new stake in shares of Advanced Energy Industries during the first quarter worth approximately $215,000. Hedge funds and other institutional investors own 93.90% of the company’s stock.

Shares of Advanced Energy Industries, Inc. (AEIS) opened at 71.17 on Friday. Advanced Energy Industries, Inc. has a 52 week low of $41.15 and a 52 week high of $86.25. The stock has a market capitalization of $2.84 billion, a PE ratio of 18.08 and a beta of 1.34. The company’s 50 day moving average is $70.40 and its 200-day moving average is $69.34.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, July 31st. The electronics maker reported $1.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.07 by $0.15. The company had revenue of $165.95 million for the quarter, compared to the consensus estimate of $155.72 million. Advanced Energy Industries had a net margin of 27.42% and a return on equity of 36.19%. Advanced Energy Industries’s 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. On average, equities analysts predict that Advanced Energy Industries, Inc. will post $4.59 earnings per share for the current year.

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A number of analysts recently commented on AEIS shares. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $86.00 price target on the stock in a research note on Monday, May 8th. ValuEngine upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, June 14th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $72.25.

In related news, Director Thomas M. Rohrs sold 4,000 shares of the company’s stock in a transaction on 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 filing with the SEC, which is accessible through this hyperlink. Also, CEO Yuval Wasserman sold 12,281 shares of the company’s stock in a transaction on Tuesday, June 13th. The shares were sold at an average price of $80.00, for a total transaction of $982,480.00. Following the sale, the chief executive officer now directly owns 130,349 shares in the company, valued at approximately $10,427,920. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 89,796 shares of company stock worth $6,836,106. 1.13% of the stock is owned by insiders.

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.

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

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