United Services Automobile Association lowered its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 7.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,990 shares of the electronics maker’s stock after selling 2,605 shares during the quarter. United Services Automobile Association owned 0.08% of Advanced Energy Industries worth $1,858,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Mount Yale Investment Advisors LLC bought a new position in Advanced Energy Industries during the first quarter valued at $120,000. Schroder Investment Management Group purchased a new stake in shares of Advanced Energy Industries in the second quarter valued at $110,000. Integrated Investment Consultants LLC purchased a new stake in shares of Advanced Energy Industries in the second quarter valued at $136,000. HPM Partners LLC purchased a new stake in shares of Advanced Energy Industries in the second quarter valued at $211,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of Advanced Energy Industries in the second quarter valued at $213,000. Institutional investors and hedge funds own 94.01% of the company’s stock.

Several equities research analysts have recently weighed in on AEIS shares. BidaskClub downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Sunday, June 24th. Zacks Investment Research downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Monday, June 25th. Raymond James raised shares of Advanced Energy Industries from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 5th. They noted that the move was a valuation call. Stifel Nicolaus reduced their target price on shares of Advanced Energy Industries from $87.00 to $78.00 and set a “hold” rating on the stock in a research note on Wednesday, August 1st. Finally, Cowen reissued a “buy” rating and issued a $76.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, August 1st. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. Advanced Energy Industries has a consensus rating of “Hold” and an average target price of $75.17.

In related news, CFO Thomas O. Mcgimpsey sold 8,391 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $59.32, for a total value of $497,754.12. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.20% of the company’s stock.

Shares of AEIS opened at $45.47 on Friday. Advanced Energy Industries, Inc. has a twelve month low of $45.14 and a twelve month high of $95.00. The firm has a market capitalization of $1.83 billion, a PE ratio of 10.00, a PEG ratio of 1.05 and a beta of 1.09.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, July 30th. The electronics maker reported $1.25 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.35 by ($0.10). Advanced Energy Industries had a net margin of 19.68% and a return on equity of 33.40%. The firm had revenue of $196.00 million during the quarter, compared to analysts’ expectations of $199.60 million. During the same period in the prior year, the company posted $1.22 EPS. The company’s revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts expect that Advanced Energy Industries, Inc. will post 4.47 EPS for the current year.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion and control products that transform electrical power into various usable forms. It offers process power systems, including direct current (DC), pulsed DC, low frequency, high voltage, and radio frequency (RF) power supplies, as well as matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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

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