Martingale Asset Management L P decreased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 49.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 40,213 shares of the electronics maker’s stock after selling 39,206 shares during the quarter. Martingale Asset Management L P owned about 0.10% of Advanced Energy Industries worth $2,602,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AEIS. Great West Life Assurance Co. Can boosted its position in shares of Advanced Energy Industries by 6.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 56,324 shares of the electronics maker’s stock valued at $3,861,000 after acquiring an additional 3,345 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its position in shares of Advanced Energy Industries by 0.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 34,878 shares of the electronics maker’s stock valued at $2,391,000 after acquiring an additional 290 shares during the last quarter. First Trust Advisors LP boosted its position in shares of Advanced Energy Industries by 1.5% during the 1st quarter. First Trust Advisors LP now owns 80,298 shares of the electronics maker’s stock valued at $5,505,000 after acquiring an additional 1,215 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in shares of Advanced Energy Industries during the 1st quarter valued at about $130,000. Finally, US Bancorp DE boosted its position in shares of Advanced Energy Industries by 5.0% during the 1st quarter. US Bancorp DE now owns 5,118 shares of the electronics maker’s stock valued at $351,000 after acquiring an additional 245 shares during the last quarter. 92.20% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CFO Thomas Liguori sold 16,000 shares of Advanced Energy Industries stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $73.64, for a total transaction of $1,178,240.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Thomas M. Rohrs sold 4,000 shares of Advanced Energy Industries 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. Company insiders own 1.13% of the company’s stock.

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Advanced Energy Industries, Inc. (NASDAQ:AEIS) opened at 78.32 on Tuesday. The stock’s 50 day moving average is $72.23 and its 200 day moving average is $71.56. Advanced Energy Industries, Inc. has a 12 month low of $45.47 and a 12 month high of $86.25. The firm has a market cap of $3.13 billion, a PE ratio of 19.90 and a beta of 1.35.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.07 by $0.15. The firm 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 quarter last year, the business posted $0.73 EPS. On average, equities analysts forecast that Advanced Energy Industries, Inc. will post $4.59 earnings per share for the current year.

Several brokerages have recently weighed in on AEIS. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a research report on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price target on the stock. BidaskClub cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price target on the stock in a research report on Monday, July 10th. Finally, ValuEngine raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $72.60.

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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