United Capital Financial Advisers LLC lessened its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,097 shares of the electronics maker’s stock after selling 400 shares during the period. United Capital Financial Advisers LLC’s holdings in Advanced Energy Industries were worth $962,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Strs Ohio acquired a new position in shares of Advanced Energy Industries during the 2nd quarter worth about $33,000. Hikari Power Ltd acquired a new position in shares of Advanced Energy Industries during the 2nd quarter worth about $205,000. First Citizens Bank & Trust Co. acquired a new position in shares of Advanced Energy Industries during the 2nd quarter worth about $208,000. AlphaOne Investment Services LLC raised its position in shares of Advanced Energy Industries by 124.9% during the 2nd quarter. AlphaOne Investment Services LLC now owns 4,022 shares of the electronics maker’s stock worth $226,000 after purchasing an additional 2,234 shares during the last quarter. Finally, Tyers Asset Management LLC raised its position in shares of Advanced Energy Industries by 15.8% during the 2nd quarter. Tyers Asset Management LLC now owns 4,464 shares of the electronics maker’s stock worth $251,000 after purchasing an additional 608 shares during the last quarter.

Several research analysts recently weighed in on the stock. BidaskClub upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Saturday, September 7th. DA Davidson downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $60.00 to $55.00 in a report on Monday, July 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $64.20.

AEIS stock traded down $0.94 during mid-day trading on Friday, reaching $56.34. The company’s stock had a trading volume of 172,228 shares, compared to its average volume of 219,581. The stock has a market cap of $2.20 billion, a PE ratio of 13.45 and a beta of 1.52. The company has a current ratio of 5.83, a quick ratio of 4.87 and a debt-to-equity ratio of 0.07. Advanced Energy Industries, Inc. has a fifty-two week low of $38.74 and a fifty-two week high of $60.76. The company’s 50 day moving average is $51.88 and its two-hundred day moving average is $52.83.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Monday, August 5th. The electronics maker reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.15. The company had revenue of $134.81 million during the quarter, compared to the consensus estimate of $135.78 million. Advanced Energy Industries had a net margin of 16.80% and a return on equity of 16.57%. Advanced Energy Industries’s quarterly revenue was down 31.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.25 EPS. On average, analysts forecast that Advanced Energy Industries, Inc. will post 1.54 earnings per share for the current fiscal year.

Advanced Energy Industries 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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