Neuberger Berman Group LLC acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,303 shares of the electronics maker’s stock, valued at approximately $278,000.

Several other institutional investors also recently made changes to their positions in AEIS. DekaBank Deutsche Girozentrale acquired a new stake in shares of Advanced Energy Industries during the first quarter worth $130,000. Meeder Asset Management Inc. grew its stake in shares of Advanced Energy Industries by 797.2% during the first quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock worth $133,000 after purchasing an additional 1,730 shares during the period. Teacher Retirement System of Texas grew its stake in shares of Advanced Energy Industries by 1.1% during the second quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock worth $205,000 after purchasing an additional 34 shares during the period. Cambria Investment Management L.P. acquired a new stake in shares of Advanced Energy Industries during the first quarter worth $225,000. Finally, Ameritas Investment Partners Inc. acquired a new stake in shares of Advanced Energy Industries during the first quarter worth $234,000. 92.20% of the stock is owned by institutional investors and hedge funds.

In other Advanced Energy Industries news, CFO Thomas Liguori sold 16,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Thomas M. Rohrs sold 4,000 shares of the 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 have sold 31,744 shares of company stock valued at $2,319,577. Company insiders own 1.13% of the company’s stock.

Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at 73.65 on Tuesday. Advanced Energy Industries, Inc. has a 12-month low of $45.47 and a 12-month high of $86.25. The firm’s 50-day moving average price is $72.37 and its 200 day moving average price is $71.67. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 18.71 and a beta of 1.35.

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

A number of equities research analysts recently commented on the company. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research note on Wednesday, August 23rd. They set a “hold” rating and a $74.00 price objective for the company. BidaskClub cut Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Monday, July 10th. Finally, ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three equities research 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 an average rating of “Buy” and a consensus price target of $72.60.

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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.

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

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