Advanced Energy Industries, Inc. (AEIS) Stake Lowered by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 122,048 shares of the electronics maker’s stock after selling 4,900 shares during the period. Nordea Investment Management AB’s holdings in Advanced Energy Industries were worth $8,368,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Cim LLC boosted its stake in Advanced Energy Industries by 0.8% in the first quarter. Cim LLC now owns 9,342 shares of the electronics maker’s stock valued at $640,000 after buying an additional 72 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in Advanced Energy Industries by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,390 shares of the electronics maker’s stock valued at $300,000 after buying an additional 100 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Advanced Energy Industries by 3.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,125 shares of the electronics maker’s stock valued at $243,000 after buying an additional 160 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of Advanced Energy Industries by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 12,721 shares of the electronics maker’s stock valued at $872,000 after buying an additional 177 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Advanced Energy Industries by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the electronics maker’s stock valued at $1,111,000 after buying an additional 200 shares during the last quarter. 94.15% of the stock is currently owned by institutional investors.

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

Advanced Energy Industries, Inc. (NASDAQ:AEIS) traded down 0.01% during mid-day trading on Friday, reaching $76.18. 375,863 shares of the company’s stock were exchanged. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 21.37 and a beta of 1.07. Advanced Energy Industries, Inc. has a 52-week low of $35.42 and a 52-week high of $79.49. The company has a 50-day moving average of $71.67 and a 200-day moving average of $61.64.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, May 1st. The electronics maker reported $1.04 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.08. The firm had revenue of $149.35 million during the quarter, compared to the consensus estimate of $147.86 million. Advanced Energy Industries had a net margin of 26.35% and a return on equity of 34.94%. The company’s revenue was up 45.0% on a year-over-year basis. During the same quarter last year, the company earned $0.56 earnings per share. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post $3.99 earnings per share for the current year.

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Several equities research analysts have issued reports on AEIS shares. Citigroup Inc lifted their price target on shares of Advanced Energy Industries from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, March 20th. Zacks Investment Research lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Needham & Company LLC boosted their price objective on shares of Advanced Energy Industries from $65.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. Finally, Dougherty & Co boosted their price objective on shares of Advanced Energy Industries from $66.00 to $70.00 and gave the stock a “buy” rating in a research note on Wednesday, February 1st. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $75.00.

In related news, CEO Yuval Wasserman sold 20,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 10th. The shares were sold at an average price of $77.25, for a total transaction of $1,545,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Thomas M. Rohrs sold 4,000 shares of the business’s stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $68.56, for a total transaction of $274,240.00. The disclosure for this sale can be found here. 1.33% of the stock is owned by company insiders.

About Advanced Energy Industries

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.

5 Day Chart for NASDAQ:AEIS

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