State of Tennessee Treasury Department trimmed its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 35,311 shares of the electronics maker’s stock after selling 2,232 shares during the period. State of Tennessee Treasury Department owned about 0.09% of Advanced Energy Industries worth $2,852,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Advanced Energy Industries by 3.1% during the second quarter. BlackRock Inc. now owns 5,127,265 shares of the electronics maker’s stock valued at $331,682,000 after acquiring an additional 155,880 shares during the last quarter. State Street Corp raised its stake in shares of Advanced Energy Industries by 4.1% during the second quarter. State Street Corp now owns 1,019,290 shares of the electronics maker’s stock valued at $65,937,000 after acquiring an additional 40,286 shares during the last quarter. Northern Trust Corp raised its stake in shares of Advanced Energy Industries by 2.7% during the second quarter. Northern Trust Corp now owns 897,325 shares of the electronics maker’s stock valued at $58,049,000 after acquiring an additional 24,006 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Advanced Energy Industries by 204.6% during the third quarter. Victory Capital Management Inc. now owns 775,433 shares of the electronics maker’s stock valued at $62,623,000 after buying an additional 520,884 shares during the period. Finally, Alliancebernstein L.P. increased its position in shares of Advanced Energy Industries by 17.9% during the second quarter. Alliancebernstein L.P. now owns 673,966 shares of the electronics maker’s stock valued at $43,599,000 after buying an additional 102,390 shares during the period. 92.73% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries, Inc. (AEIS) opened at $82.03 on Friday. Advanced Energy Industries, Inc. has a 52-week low of $51.56 and a 52-week high of $95.00. The stock has a market cap of $3,300.00, a PE ratio of 20.02, a P/E/G ratio of 1.33 and a beta of 1.36.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Monday, October 30th. The electronics maker reported $1.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.17 by $0.02. The business had revenue of $176.60 million for the quarter, compared to analysts’ expectations of $165.77 million. Advanced Energy Industries had a net margin of 33.76% and a return on equity of 35.56%. The business’s revenue was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 earnings per share. analysts expect that Advanced Energy Industries, Inc. will post 4.24 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $93.00 price target on the stock in a research report on Friday, November 3rd. Needham & Company LLC boosted their price target on shares of Advanced Energy Industries from $93.00 to $97.00 and gave the company a “buy” rating in a research report on Tuesday, October 31st. ValuEngine cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. KeyCorp reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Sunday, October 15th. Finally, Stifel Nicolaus assumed 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. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $81.60.

In other Advanced Energy Industries news, EVP Thomas O. Mcgimpsey sold 5,190 shares of the company’s stock in a transaction dated Tuesday, November 7th. The shares were sold at an average price of $85.06, for a total value of $441,461.40. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Frederick Ball sold 4,000 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.51, for a total transaction of $334,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 70,603 shares of company stock worth $5,750,808. Corporate insiders own 1.13% of the company’s stock.

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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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