Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stake Reduced by State of Alaska Department of Revenue

State of Alaska Department of Revenue decreased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,389 shares of the electronics maker’s stock after selling 112 shares during the period. State of Alaska Department of Revenue owned approximately 0.06% of Advanced Energy Industries worth $2,473,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Fort Washington Investment Advisors Inc. OH grew its position in Advanced Energy Industries by 10.2% in 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 buying an additional 12,860 shares during the last quarter. Pinnacle Associates Ltd. boosted its holdings in shares of Advanced Energy Industries by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock worth $19,244,000 after buying an additional 6,217 shares during the period. Principal Financial Group Inc. increased its position in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after acquiring an additional 53,566 shares in the last quarter. MQS Management LLC purchased a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at approximately $664,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in Advanced Energy Industries in the 3rd quarter worth approximately $12,306,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.00% of the stock is currently owned by company insiders.

Advanced Energy Industries Trading Up 1.0 %

NASDAQ:AEIS opened at $112.83 on Tuesday. The company’s 50 day moving average is $117.40 and its 200-day moving average is $110.39. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $130.50. The firm has a market cap of $4.25 billion, a price-to-earnings ratio of 98.97, a P/E/G ratio of 3.60 and a beta of 1.45.

Analysts Set New Price Targets

Several brokerages have recently commented on AEIS. Robert W. Baird raised their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, January 15th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Wells Fargo & Company increased their price objective on Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $126.89.

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.