Pinnacle Associates Ltd. Has $13.04 Million Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Pinnacle Associates Ltd. lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 4.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 136,860 shares of the electronics maker's stock after selling 6,630 shares during the period. Pinnacle Associates Ltd. owned 0.36% of Advanced Energy Industries worth $13,044,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of AEIS. Homestead Advisers Corp increased its holdings in shares of Advanced Energy Industries by 15.0% in the first quarter. Homestead Advisers Corp now owns 59,662 shares of the electronics maker's stock valued at $5,686,000 after purchasing an additional 7,800 shares in the last quarter. Segall Bryant & Hamill LLC grew its holdings in Advanced Energy Industries by 5.7% during the 1st quarter. Segall Bryant & Hamill LLC now owns 163,300 shares of the electronics maker's stock worth $15,564,000 after acquiring an additional 8,852 shares during the period. Signaturefd LLC grew its holdings in Advanced Energy Industries by 20.5% during the 1st quarter. Signaturefd LLC now owns 1,673 shares of the electronics maker's stock worth $159,000 after acquiring an additional 285 shares during the period. Isthmus Partners LLC grew its holdings in Advanced Energy Industries by 0.3% during the 1st quarter. Isthmus Partners LLC now owns 29,565 shares of the electronics maker's stock worth $2,818,000 after acquiring an additional 96 shares during the period. Finally, CWM LLC grew its holdings in Advanced Energy Industries by 85.4% during the 1st quarter. CWM LLC now owns 1,077 shares of the electronics maker's stock worth $103,000 after acquiring an additional 496 shares during the period. Institutional investors own 99.67% of the company's stock.

Insider Transactions at Advanced Energy Industries

In other news, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the sale, the executive vice president directly owned 31,006 shares of the company's stock, valued at approximately $4,070,777.74. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Donaghey sold 2,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the transaction, the executive vice president owned 11,029 shares in the company, valued at approximately $1,544,060. This trade represents a 15.35% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on AEIS. KeyCorp lifted their target price on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Needham & Company LLC lowered their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Robert W. Baird boosted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wells Fargo & Company boosted their price target on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, June 27th. Finally, Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $130.20.

Advanced Energy Industries Stock Performance

Shares of AEIS stock traded down $0.37 on Friday, reaching $140.54. The stock had a trading volume of 182,599 shares, compared to its average volume of 310,503. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. The firm's 50-day moving average is $129.52 and its two-hundred day moving average is $115.40. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 72.44, a P/E/G ratio of 1.30 and a beta of 1.52. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $145.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. The company had revenue of $404.60 million for the quarter, compared to analysts' expectations of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. Advanced Energy Industries's quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. On average, research analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

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.