Traders Buy Large Volume of Call Options on Advanced Energy Industries (AEIS)
Advanced Energy Industries, Inc. (NASDAQ:AEIS) was the target of some unusual options trading activity on Thursday. Stock investors acquired 5,741 call options on the stock. This is an increase of approximately 5,026% compared to the average volume of 112 call options.
In other Advanced Energy Industries news, Director Grant H. Beard sold 10,000 shares of Advanced Energy Industries stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $71.86, for a total transaction of $718,600.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.13% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in AEIS. Cerebellum GP LLC bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $122,000. Advisory Services Network LLC raised its position in shares of Advanced Energy Industries by 9.5% during the second quarter. Advisory Services Network LLC now owns 2,161 shares of the electronics maker’s stock valued at $140,000 after buying an additional 187 shares during the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Advanced Energy Industries by 57.2% during the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 2,077 shares of the electronics maker’s stock valued at $168,000 after buying an additional 756 shares during the last quarter. Ramsey Quantitative Systems bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $193,000. Finally, Macquarie Group Ltd. bought a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $202,000. Hedge funds and other institutional investors own 93.22% of the company’s stock.
Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, January 30th. The electronics maker reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.09. The firm had revenue of $179.21 million for the quarter, compared to analysts’ expectations of $177.07 million. Advanced Energy Industries had a net margin of 20.55% and a return on equity of 35.06%. The company’s revenue for the quarter was up 32.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.06 earnings per share. equities analysts expect that Advanced Energy Industries will post 4.76 earnings per share for the current fiscal year.
Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday, February 8th. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Monday, February 5th. Finally, DA Davidson assumed coverage on shares of Advanced Energy Industries in a report on Wednesday, January 10th. They set a “buy” rating and a $100.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $84.60.
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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