Texas Permanent School Fund raised its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 29,038 shares of the electronics maker’s stock after buying an additional 271 shares during the period. Texas Permanent School Fund’s holdings in Advanced Energy Industries were worth $1,878,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC raised its position in shares of Advanced Energy Industries by 97.8% in the fourth quarter. FMR LLC now owns 17,700 shares of the electronics maker’s stock worth $969,000 after buying an additional 8,750 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Advanced Energy Industries by 0.6% in the fourth quarter. Teachers Advisors LLC now owns 282,169 shares of the electronics maker’s stock worth $15,449,000 after buying an additional 1,725 shares in the last quarter. Creative Planning raised its position 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 in the last quarter. Bank of Montreal Can raised its position in shares of Advanced Energy Industries by 120.3% in the first quarter. Bank of Montreal Can now owns 18,494 shares of the electronics maker’s stock worth $1,268,000 after buying an additional 10,100 shares in the last quarter. Finally, Winslow Evans & Crocker Inc. raised its position in shares of Advanced Energy Industries by 53.3% in the first quarter. Winslow Evans & Crocker Inc. now owns 3,950 shares of the electronics maker’s stock worth $271,000 after buying an additional 1,374 shares in the last quarter. 93.90% of the stock is currently owned by institutional investors and hedge funds.

Shares of Advanced Energy Industries, Inc. (AEIS) opened at 71.17 on Friday. Advanced Energy Industries, Inc. has a 12-month low of $41.15 and a 12-month high of $86.25. The stock’s 50 day moving average price is $70.40 and its 200 day moving average price is $69.34. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 18.08 and a beta of 1.34.

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

COPYRIGHT VIOLATION WARNING: This report was first reported by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was copied illegally and reposted in violation of United States & international trademark and copyright laws. The legal version of this report can be accessed at https://www.dailypolitical.com/2017/08/13/advanced-energy-industries-inc-nasdaqaeis-stake-increased-by-texas-permanent-school-fund.html.

A number of research analysts have commented on AEIS shares. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $86.00 price objective on the stock in a report on Monday, May 8th. ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Finally, BidaskClub lowered Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, June 14th. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Advanced Energy Industries has an average rating of “Buy” and an average price target of $72.25.

In related news, CFO Thomas Liguori sold 17,000 shares of the business’s stock in a transaction dated Tuesday, May 23rd. The stock was sold at an average price of $76.64, for a total transaction of $1,302,880.00. Following the completion of the transaction, the chief financial officer now directly owns 73,191 shares in the company, valued at $5,609,358.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Thomas M. Rohrs sold 4,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $64.87, for a total value of $259,480.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,796 shares of company stock valued at $6,836,106. 1.13% of the stock is 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.

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