Rice Hall James & Associates LLC reduced its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 30.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 197,807 shares of the electronics maker’s stock after selling 87,321 shares during the period. Rice Hall James & Associates LLC’s holdings in Advanced Energy Industries were worth $12,796,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Monarch Partners Asset Management LLC acquired a new position in shares of Advanced Energy Industries during the second quarter valued at approximately $6,826,000. Trexquant Investment LP acquired a new position in shares of Advanced Energy Industries during the second quarter valued at approximately $513,000. Texas Permanent School Fund increased its position in shares of Advanced Energy Industries by 0.9% in the second quarter. Texas Permanent School Fund now owns 29,038 shares of the electronics maker’s stock valued at $1,878,000 after buying an additional 271 shares during the period. Great West Life Assurance Co. Can increased its position in shares of Advanced Energy Industries by 3.8% in the second quarter. Great West Life Assurance Co. Can now owns 58,476 shares of the electronics maker’s stock valued at $3,782,000 after buying an additional 2,152 shares during the period. Finally, Bowling Portfolio Management LLC increased its position in shares of Advanced Energy Industries by 17.3% in the second quarter. Bowling Portfolio Management LLC now owns 17,090 shares of the electronics maker’s stock valued at $1,106,000 after buying an additional 2,518 shares during the period. 93.90% of the stock is currently owned by institutional investors.

Advanced Energy Industries, Inc. (NASDAQ AEIS) opened at 71.17 on Friday. The company has a market cap of $2.84 billion, a P/E ratio of 18.08 and a beta of 1.34. Advanced Energy Industries, Inc. has a 52-week low of $41.15 and a 52-week high of $86.25. The stock’s 50 day moving average price is $70.40 and its 200-day moving average price is $69.34.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, July 31st. The electronics maker reported $1.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.15. The firm had revenue of $165.95 million for the quarter, compared to the consensus estimate of $155.72 million. Advanced Energy Industries had a return on equity of 36.19% and a net margin of 27.42%. The company’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.73 EPS. On average, equities analysts predict that Advanced Energy Industries, Inc. will post $4.59 earnings per share for the current fiscal year.

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Several equities analysts have commented on the company. BidaskClub downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research raised Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 price objective on the stock in a research report on Monday, July 10th. Finally, ValuEngine raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $72.25.

In related news, EVP Thomas O. Mcgimpsey sold 29,772 shares of the business’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $77.04, for a total value of $2,293,634.88. Following the sale, the executive vice president now owns 53,456 shares in the company, valued at approximately $4,118,250.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Edward C. Grady sold 6,000 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $80.02, for a total value of $480,120.00. The disclosure for this sale can be found here. Insiders sold a total of 89,796 shares of company stock worth $6,836,106 in the last quarter. Company insiders own 1.13% of the company’s stock.

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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