Clearbridge Investments LLC Raises Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Clearbridge Investments LLC lifted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 416,617 shares of the electronics maker’s stock after purchasing an additional 10,971 shares during the quarter. Clearbridge Investments LLC owned about 1.09% of Advanced Energy Industries worth $20,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. 1492 Capital Management LLC bought a new position in shares of Advanced Energy Industries during the 1st quarter worth approximately $631,000. Campbell & CO Investment Adviser LLC bought a new position in shares of Advanced Energy Industries during the 1st quarter worth approximately $273,000. DekaBank Deutsche Girozentrale boosted its stake in shares of Advanced Energy Industries by 38.5% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 99,300 shares of the electronics maker’s stock worth $5,541,000 after acquiring an additional 27,600 shares during the period. Pictet Asset Management Ltd. lifted its holdings in Advanced Energy Industries by 67.7% during the 1st quarter. Pictet Asset Management Ltd. now owns 342,601 shares of the electronics maker’s stock worth $17,020,000 after purchasing an additional 138,287 shares during the last quarter. Finally, Oak Associates Ltd. OH lifted its holdings in Advanced Energy Industries by 143.2% during the 1st quarter. Oak Associates Ltd. OH now owns 23,030 shares of the electronics maker’s stock worth $1,144,000 after purchasing an additional 13,560 shares during the last quarter. Institutional investors and hedge funds own 97.82% of the company’s stock.

Several analysts recently weighed in on the company. Susquehanna Bancshares assumed coverage on MKS Instruments in a report on Wednesday, May 15th. They set a “positive” rating and a $123.00 price target for the company. BidaskClub cut Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, July 9th. Zacks Investment Research raised Gerdau from a “sell” rating to a “hold” rating in a report on Monday, May 13th. TheStreet cut Red Lion Hotels from a “c” rating to a “d+” rating in a report on Wednesday, April 3rd. Finally, Cowen reissued a “buy” rating on shares of Adverum Biotechnologies in a report on Thursday, May 16th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $64.20.

Shares of NASDAQ AEIS traded up $1.44 during trading on Friday, reaching $53.49. The company had a trading volume of 193,906 shares, compared to its average volume of 319,433. Advanced Energy Industries, Inc. has a 12 month low of $38.74 and a 12 month high of $64.25. The company has a current ratio of 5.12, a quick ratio of 4.23 and a debt-to-equity ratio of 0.05. The company has a fifty day simple moving average of $53.09. The company has a market cap of $2.05 billion, a PE ratio of 12.77, a P/E/G ratio of 3.13 and a beta of 1.55.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Monday, May 6th. The electronics maker reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.12. The business had revenue of $140.74 million for the quarter, compared to the consensus estimate of $143.63 million. Advanced Energy Industries had a return on equity of 22.16% and a net margin of 17.46%. The firm’s revenue for the quarter was down 28.1% on a year-over-year basis. During the same period in the prior year, the business earned $1.34 EPS. As a group, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 1.71 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, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF 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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