Meeder Asset Management Inc. Boosts Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Meeder Asset Management Inc. increased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 12.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,191 shares of the electronics maker’s stock after buying an additional 244 shares during the period. Meeder Asset Management Inc.’s holdings in Advanced Energy Industries were worth $141,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Cim LLC raised its position in shares of Advanced Energy Industries by 0.8% in the first quarter. Cim LLC now owns 9,342 shares of the electronics maker’s stock worth $640,000 after buying an additional 72 shares during the last quarter. State of Alaska Department of Revenue raised its position in shares of Advanced Energy Industries by 2.3% in the first quarter. State of Alaska Department of Revenue now owns 4,390 shares of the electronics maker’s stock worth $300,000 after buying an additional 100 shares during the last quarter. 1st Global Advisors Inc. raised its position in shares of Advanced Energy Industries by 1.4% in the first quarter. 1st Global Advisors Inc. now owns 12,721 shares of the electronics maker’s stock worth $872,000 after buying an additional 177 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Advanced Energy Industries by 1.3% in the first quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the electronics maker’s stock worth $1,111,000 after buying an additional 200 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of Advanced Energy Industries by 5.0% in the first quarter. US Bancorp DE now owns 5,118 shares of the electronics maker’s stock worth $351,000 after buying an additional 245 shares during the last quarter. 93.30% of the stock is owned by hedge funds and other institutional investors.

Shares of Advanced Energy Industries, Inc. (NASDAQ AEIS) traded up 1.01% during midday trading on Friday, reaching $71.08. 286,098 shares of the company’s stock traded hands. The stock has a 50 day moving average of $71.00 and a 200-day moving average of $69.79. The stock has a market cap of $2.84 billion, a P/E ratio of 18.06 and a beta of 1.34. Advanced Energy Industries, Inc. has a 12 month low of $43.20 and a 12 month high of $86.25.

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

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AEIS has been the topic of several analyst reports. BidaskClub raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. ValuEngine raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $72.25.

In related news, Director Thomas M. Rohrs sold 4,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $64.87, for a total transaction of $259,480.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Yuval Wasserman sold 12,281 shares of the business’s stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $80.00, for a total transaction of $982,480.00. Following the transaction, the chief executive officer now owns 130,349 shares in the company, valued at $10,427,920. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 89,796 shares of company stock worth $6,836,106. 1.13% of the stock is owned by corporate insiders.

Advanced Energy Industries Company Profile

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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