Peterson Wealth Services Has $619,000 Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peterson Wealth Services lessened its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 24.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,494 shares of the electronics maker's stock after selling 2,123 shares during the period. Peterson Wealth Services' holdings in Advanced Energy Industries were worth $619,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC grew its holdings in shares of Advanced Energy Industries by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,629 shares of the electronics maker's stock worth $1,113,000 after buying an additional 206 shares in the last quarter. Natixis Advisors LLC boosted its position in Advanced Energy Industries by 21.2% during the 4th quarter. Natixis Advisors LLC now owns 26,638 shares of the electronics maker's stock worth $3,080,000 after acquiring an additional 4,666 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $405,000. Signaturefd LLC raised its holdings in shares of Advanced Energy Industries by 37.8% in the fourth quarter. Signaturefd LLC now owns 1,388 shares of the electronics maker's stock valued at $160,000 after purchasing an additional 381 shares during the last quarter. Finally, Xponance Inc. raised its holdings in shares of Advanced Energy Industries by 10.3% in the fourth quarter. Xponance Inc. now owns 2,687 shares of the electronics maker's stock valued at $311,000 after purchasing an additional 251 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Citigroup raised their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company lifted their target price on Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. KeyCorp increased their price target on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Three research 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 company. According to data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of "Moderate Buy" and a consensus target price of $130.20.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded down $0.49 during mid-day trading on Thursday, reaching $142.35. 85,628 shares of the company were exchanged, compared to its average volume of 336,905. The stock has a market capitalization of $5.36 billion, a P/E ratio of 73.38, a P/E/G ratio of 1.29 and a beta of 1.52. 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 company's 50-day simple moving average is $128.15 and its 200-day simple moving average is $114.97. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $145.52.

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

Insider Activity

In related news, EVP John Donaghey sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total transaction of $280,000.00. Following the sale, the executive vice president owned 11,029 shares of the company's stock, valued at $1,544,060. This represents a 15.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Paul R. Oldham sold 1,173 shares of the stock in a transaction on Friday, June 20th. The stock was 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 in the company, valued at approximately $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Advanced Energy Industries 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.