Advanced Energy Industries, Inc. (NASDAQ:AEIS) Position Lessened by Trust Point Inc.

Trust Point Inc. trimmed its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 43.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,463 shares of the electronics maker’s stock after selling 3,475 shares during the quarter. Trust Point Inc.’s holdings in Advanced Energy Industries were worth $516,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Nisa Investment Advisors LLC grew its position in shares of Advanced Energy Industries by 1.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after purchasing an additional 85 shares during the last quarter. Integrated Investment Consultants LLC grew its position in shares of Advanced Energy Industries by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock valued at $531,000 after purchasing an additional 100 shares during the last quarter. Stifel Financial Corp grew its position in Advanced Energy Industries by 1.0% during the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after buying an additional 102 shares in the last quarter. Heritage Family Offices LLP grew its position in Advanced Energy Industries by 6.1% during the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after buying an additional 116 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $113.94 on Thursday. Advanced Energy Industries, Inc. has a 1 year low of $89.11 and a 1 year high of $130.50. The firm has a 50 day moving average of $117.61 and a 200-day moving average of $110.37. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.29 billion, a P/E ratio of 99.95, a price-to-earnings-growth ratio of 3.66 and a beta of 1.45.

Insider Activity

In related news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Monday, December 16th. Susquehanna decreased their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Wells Fargo & Company lifted their price objective on Advanced Energy Industries from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.