Sheaff Brock Investment Advisors LLC Has $841,000 Holdings in Advanced Energy Industries, Inc. (AEIS)

Sheaff Brock Investment Advisors LLC reduced its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,997 shares of the electronics maker’s stock after selling 1,573 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in Advanced Energy Industries were worth $841,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of AEIS. DekaBank Deutsche Girozentrale acquired a new stake in shares of Advanced Energy Industries in the 1st quarter worth approximately $130,000. Meeder Asset Management Inc. lifted its stake in shares of Advanced Energy Industries by 797.2% in the 1st quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock worth $133,000 after acquiring an additional 1,730 shares during the period. Advisory Services Network LLC acquired a new stake in shares of Advanced Energy Industries in the 1st quarter worth approximately $135,000. Pacad Investment Ltd. acquired a new stake in shares of Advanced Energy Industries in the 2nd quarter worth approximately $188,000. Finally, Teacher Retirement System of Texas lifted its stake in shares of Advanced Energy Industries by 1.1% in the 2nd quarter. Teacher Retirement System of Texas now owns 3,174 shares of the electronics maker’s stock worth $205,000 after acquiring an additional 34 shares during the period. 92.25% of the stock is owned by institutional investors.

Shares of Advanced Energy Industries, Inc. (AEIS) opened at 75.28 on Friday. Advanced Energy Industries, Inc. has a 12-month low of $44.09 and a 12-month high of $86.25. The firm has a market cap of $3.01 billion, a price-to-earnings ratio of 19.13 and a beta of 1.35. The stock’s 50 day moving average is $71.99 and its 200-day moving average is $71.22.

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

A number of brokerages have recently weighed in on AEIS. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a research note on Wednesday, August 23rd. They issued a “hold” rating and a $74.00 price target for the company. BidaskClub lowered shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $75.00 target price for the company in a research note on Monday, July 10th. Finally, ValuEngine raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd. Three 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’s stock. The stock has a consensus rating of “Buy” and an average price target of $72.60.

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In other news, CEO Yuval Wasserman sold 15,743 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $72.29, for a total transaction of $1,138,061.47. Following the completion of the sale, the chief executive officer now directly owns 122,006 shares of the company’s stock, valued at approximately $8,819,813.74. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Thomas Liguori sold 16,000 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $73.64, for a total value of $1,178,240.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 35,743 shares of company stock worth $2,575,781. Company insiders own 1.13% of the company’s stock.

About Advanced Energy Industries

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.

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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