Peterson Wealth Services Buys 528 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peterson Wealth Services grew its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 6.5% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 8,617 shares of the electronics maker’s stock after acquiring an additional 528 shares during the period. Peterson Wealth Services’ holdings in Advanced Energy Industries were worth $996,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Choreo LLC bought a new position in Advanced Energy Industries in the fourth quarter valued at about $204,000. Moody Aldrich Partners LLC raised its holdings in Advanced Energy Industries by 26.8% in the 4th quarter. Moody Aldrich Partners LLC now owns 51,726 shares of the electronics maker’s stock valued at $5,981,000 after buying an additional 10,947 shares during the last quarter. Blue Trust Inc. raised its holdings in Advanced Energy Industries by 26.3% in the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock valued at $108,000 after buying an additional 213 shares during the last quarter. Compass Wealth Management LLC boosted its position in Advanced Energy Industries by 0.4% during the 4th quarter. Compass Wealth Management LLC now owns 68,838 shares of the electronics maker’s stock worth $7,960,000 after buying an additional 245 shares during the period. Finally, Nisa Investment Advisors LLC increased its position in Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after acquiring an additional 85 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by insiders.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $112.83 on Tuesday. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 98.97, a PEG ratio of 3.60 and a beta of 1.45. Advanced Energy Industries, Inc. has a 52-week low of $89.11 and a 52-week high of $130.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The stock’s 50 day moving average price is $117.40 and its two-hundred day moving average price is $110.39.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Benchmark reiterated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. TD Cowen cut their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Robert W. Baird increased their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $126.89.

Advanced Energy Industries Company 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.