Advanced Energy (AEIS) Position Lifted by Chicago Equity Partners LLC

Chicago Equity Partners LLC increased its position in Advanced Energy (NASDAQ:AEIS) by 3.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 26,630 shares of the electronics maker’s stock after buying an additional 820 shares during the period. Chicago Equity Partners LLC owned about 0.07% of Advanced Energy worth $1,702,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of AEIS. Lazard Asset Management LLC lifted its stake in Advanced Energy by 1.5% in the 4th quarter. Lazard Asset Management LLC now owns 157,526 shares of the electronics maker’s stock worth $10,629,000 after purchasing an additional 2,372 shares in the last quarter. Deutsche Bank AG lifted its stake in Advanced Energy by 1.4% in the 4th quarter. Deutsche Bank AG now owns 399,002 shares of the electronics maker’s stock worth $26,922,000 after purchasing an additional 5,469 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Advanced Energy by 26.1% in the 4th quarter. Suntrust Banks Inc. now owns 4,699 shares of the electronics maker’s stock worth $316,000 after purchasing an additional 972 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Advanced Energy by 8.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 239,971 shares of the electronics maker’s stock worth $16,193,000 after purchasing an additional 19,047 shares in the last quarter. Finally, Investec Asset Management LTD lifted its stake in Advanced Energy by 71.2% in the 4th quarter. Investec Asset Management LTD now owns 38,814 shares of the electronics maker’s stock worth $2,619,000 after purchasing an additional 16,147 shares in the last quarter. 93.39% of the stock is owned by institutional investors.

Shares of Advanced Energy opened at $66.14 on Friday, according to Marketbeat Ratings. The stock has a market cap of $2.56 billion, a PE ratio of 15.64, a price-to-earnings-growth ratio of 1.44 and a beta of 1.34. Advanced Energy has a 12-month low of $65.81 and a 12-month high of $66.84.

Advanced Energy (NASDAQ:AEIS) last announced its earnings results on Monday, April 30th. The electronics maker reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.01. The firm had revenue of $195.62 million for the quarter, compared to analysts’ expectations of $187.92 million. Advanced Energy had a net margin of 20.47% and a return on equity of 34.76%. The business’s revenue was up 31.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.04 EPS. sell-side analysts anticipate that Advanced Energy will post 5.03 earnings per share for the current fiscal year.

Advanced Energy announced that its board has authorized a share buyback program on Monday, May 7th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the electronics maker to purchase up to 2% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

In other news, CEO Yuval Wasserman sold 55,540 shares of the company’s stock in a transaction dated Friday, May 4th. The shares were sold at an average price of $62.40, for a total transaction of $3,465,696.00. Following the sale, the chief executive officer now directly owns 141,929 shares in the company, valued at approximately $8,856,369.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is currently owned by corporate insiders.

Several analysts have commented on AEIS shares. Zacks Investment Research upgraded shares of Advanced Energy from a “hold” rating to a “buy” rating and set a $81.00 price target on the stock in a research note on Friday, January 26th. BidaskClub cut shares of Advanced Energy from a “hold” rating to a “sell” rating in a research report on Thursday, February 8th. ValuEngine cut shares of Advanced Energy from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 2nd. Needham & Company LLC decreased their target price on shares of Advanced Energy from $97.00 to $80.00 and set a “buy” rating on the stock in a research report on Wednesday, May 2nd. Finally, Citigroup decreased their target price on shares of Advanced Energy from $77.00 to $68.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 2nd. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $78.17.

Advanced Energy Company Profile

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

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

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