Bank of New York Mellon Corp raised its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.1% in the 4th quarter, Holdings Channel reports. The fund owned 525,029 shares of the electronics maker’s stock after purchasing an additional 5,646 shares during the quarter. Bank of New York Mellon Corp’s holdings in Advanced Energy Industries were worth $35,430,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. WINTON GROUP Ltd bought a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at $3,467,000. Cortina Asset Management LLC bought a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at $18,683,000. First Trust Advisors LP raised its position in shares of Advanced Energy Industries by 22.2% during the 3rd quarter. First Trust Advisors LP now owns 87,527 shares of the electronics maker’s stock valued at $7,069,000 after acquiring an additional 15,901 shares during the last quarter. Legal & General Group Plc raised its position in shares of Advanced Energy Industries by 3.9% during the 3rd quarter. Legal & General Group Plc now owns 79,264 shares of the electronics maker’s stock valued at $6,393,000 after acquiring an additional 3,006 shares during the last quarter. Finally, Columbus Circle Investors raised its position in shares of Advanced Energy Industries by 10.6% during the 3rd quarter. Columbus Circle Investors now owns 133,662 shares of the electronics maker’s stock valued at $10,795,000 after acquiring an additional 12,852 shares during the last quarter. Institutional investors own 94.63% of the company’s stock.

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Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at $70.25 on Wednesday. Advanced Energy Industries, Inc. has a 1 year low of $61.97 and a 1 year high of $95.00. The company has a market cap of $2,780.00, a price-to-earnings ratio of 13.48, a P/E/G ratio of 1.66 and a beta of 1.27.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, January 30th. The electronics maker reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.09. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. The business had revenue of $179.21 million during the quarter, compared to analysts’ expectations of $177.07 million. During the same quarter in the prior year, the company earned $1.06 EPS. The firm’s quarterly revenue was up 32.4% on a year-over-year basis. equities analysts forecast that Advanced Energy Industries, Inc. will post 4.78 earnings per share for the current year.

Several brokerages have commented on AEIS. BidaskClub upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, March 6th. Zacks Investment Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Monday, February 5th. Finally, DA Davidson began coverage on shares of Advanced Energy Industries in a research report on Wednesday, January 10th. They issued a “buy” rating and a $100.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $84.60.

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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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