413,971 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Bought by Phoenix Holdings Ltd.

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Phoenix Holdings Ltd. purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 413,971 shares of the electronics maker’s stock, valued at approximately $22,672,000. Phoenix Holdings Ltd. owned about 1.08% of Advanced Energy Industries at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in AEIS. Pictet Asset Management Ltd. grew its stake in shares of Advanced Energy Industries by 2.4% during the 3rd quarter. Pictet Asset Management Ltd. now owns 357,669 shares of the electronics maker’s stock worth $20,534,000 after acquiring an additional 8,399 shares in the last quarter. Stifel Financial Corp grew its stake in shares of Advanced Energy Industries by 2.6% during the 3rd quarter. Stifel Financial Corp now owns 12,443 shares of the electronics maker’s stock worth $711,000 after acquiring an additional 312 shares in the last quarter. Lisanti Capital Growth LLC bought a new position in shares of Advanced Energy Industries during the 3rd quarter worth approximately $4,024,000. Eqis Capital Management Inc. grew its stake in shares of Advanced Energy Industries by 2.7% during the 3rd quarter. Eqis Capital Management Inc. now owns 8,998 shares of the electronics maker’s stock worth $517,000 after acquiring an additional 236 shares in the last quarter. Finally, BBVA USA Bancshares Inc. grew its stake in shares of Advanced Energy Industries by 17.6% during the 3rd quarter. BBVA USA Bancshares Inc. now owns 8,720 shares of the electronics maker’s stock worth $501,000 after acquiring an additional 1,308 shares in the last quarter. 99.81% of the stock is owned by institutional investors.

Advanced Energy Industries stock traded up $1.06 during mid-day trading on Wednesday, hitting $62.75. 288,685 shares of the company’s stock traded hands, compared to its average volume of 293,511. The firm has a 50 day simple moving average of $60.88 and a two-hundred day simple moving average of $55.38. Advanced Energy Industries, Inc. has a fifty-two week low of $38.74 and a fifty-two week high of $72.26. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 14.97 and a beta of 1.53. The company has a debt-to-equity ratio of 0.64, a current ratio of 2.47 and a quick ratio of 1.80.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, November 12th. The electronics maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.22. The business had revenue of $175.10 million during the quarter, compared to the consensus estimate of $153.03 million. Advanced Energy Industries had a return on equity of 13.00% and a net margin of 12.25%. The company’s quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter last year, the firm posted $1.05 EPS. On average, research analysts anticipate that Advanced Energy Industries, Inc. will post 2.11 earnings per share for the current fiscal year.

In related news, CEO Yuval Wasserman sold 6,610 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $60.05, for a total value of $396,930.50. Following the transaction, the chief executive officer now owns 160,801 shares in the company, valued at $9,656,100.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.

Several equities research analysts have recently commented on the company. Cowen increased their price objective on Advanced Energy Industries from $57.00 to $60.00 and gave the company a “market perform” rating in a report on Wednesday, November 13th. DA Davidson increased their price objective on Advanced Energy Industries from $68.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, November 13th. ValuEngine downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Monday, October 7th. TheStreet downgraded Advanced Energy Industries from a “b-” rating to a “c+” rating in a report on Tuesday, November 12th. Finally, BidaskClub raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $72.50.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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

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