Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC boosted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 26.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 51,726 shares of the electronics maker’s stock after purchasing an additional 10,947 shares during the period. Advanced Energy Industries makes up approximately 1.1% of Moody Aldrich Partners LLC’s holdings, making the stock its 26th largest holding. Moody Aldrich Partners LLC’s holdings in Advanced Energy Industries were worth $5,981,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AEIS. Blue Trust Inc. boosted 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 worth $108,000 after buying an additional 213 shares during the last quarter. Compass Wealth Management LLC raised its stake in Advanced Energy Industries by 0.4% in the 4th quarter. Compass Wealth Management LLC now owns 68,838 shares of the electronics maker’s stock valued at $7,960,000 after purchasing an additional 245 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in shares of Advanced Energy Industries by 1.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock worth $579,000 after buying an additional 85 shares in the last quarter. Sheets Smith Wealth Management raised its position in shares of Advanced Energy Industries by 3.3% in the fourth quarter. Sheets Smith Wealth Management now owns 7,127 shares of the electronics maker’s stock valued at $824,000 after buying an additional 230 shares during the last quarter. Finally, Fort Washington Investment Advisors Inc. OH boosted its position in Advanced Energy Industries by 10.2% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock worth $16,137,000 after acquiring an additional 12,860 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Up 0.7 %

Shares of NASDAQ AEIS opened at $114.02 on Wednesday. The stock has a market cap of $4.30 billion, a P/E ratio of 100.02, a PEG ratio of 4.01 and a beta of 1.46. The business’s fifty day simple moving average is $117.78 and its 200-day simple moving average is $110.38. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $130.50. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter last year, the business posted $1.12 EPS. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AEIS. Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, January 15th. Susquehanna cut their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Monday, December 16th. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Four 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 company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.89.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated 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 owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is currently owned by company insiders.

About Advanced Energy Industries

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.