Los Angeles Capital Management & Equity Research Inc. Purchases 2,105 Shares of Advanced Energy Industries, Inc. (AEIS)

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Los Angeles Capital Management & Equity Research Inc. lifted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 15.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 16,109 shares of the electronics maker’s stock after acquiring an additional 2,105 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Advanced Energy Industries were worth $800,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Advanced Energy Industries by 2.1% during the third quarter. Vanguard Group Inc. now owns 4,039,419 shares of the electronics maker’s stock worth $208,636,000 after acquiring an additional 84,232 shares during the last quarter. FMR LLC grew its position in shares of Advanced Energy Industries by 141.6% during the fourth quarter. FMR LLC now owns 1,890,706 shares of the electronics maker’s stock worth $81,168,000 after acquiring an additional 1,108,167 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Advanced Energy Industries by 11.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,279,775 shares of the electronics maker’s stock worth $54,941,000 after acquiring an additional 129,725 shares during the last quarter. LSV Asset Management grew its position in shares of Advanced Energy Industries by 0.6% during the fourth quarter. LSV Asset Management now owns 834,735 shares of the electronics maker’s stock worth $35,835,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Norges Bank acquired a new stake in Advanced Energy Industries in the fourth quarter worth about $27,068,000. Institutional investors and hedge funds own 98.06% of the company’s stock.

Several research firms recently weighed in on AEIS. Zacks Investment Research raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Tuesday, April 9th. BidaskClub raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Friday, March 22nd. ValuEngine raised shares of Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a report on Saturday, January 19th. Finally, TheStreet raised shares of Advanced Energy Industries from a “c+” rating to a “b” rating in a report on Wednesday, April 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $68.00.

AEIS stock opened at $50.94 on Friday. The stock has a market capitalization of $1.96 billion, a P/E ratio of 14.93, a P/E/G ratio of 1.86 and a beta of 1.45. Advanced Energy Industries, Inc. has a fifty-two week low of $38.74 and a fifty-two week high of $69.21. The company has a debt-to-equity ratio of 0.05, a current ratio of 5.12 and a quick ratio of 4.26.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, May 6th. The electronics maker reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.12. The business had revenue of $140.74 million during the quarter, compared to the consensus estimate of $143.63 million. Advanced Energy Industries had a net margin of 17.46% and a return on equity of 22.16%. The company’s quarterly revenue was down 28.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.34 earnings per share. On average, analysts anticipate that Advanced Energy Industries, Inc. will post 2.76 EPS for the current fiscal year.

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About Advanced Energy Industries

Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. Its products are used in complex semiconductor and thin film plasma processes such as dry etch, strip, chemical and physical deposition; high and low voltage applications such as process control, analytical instrumentation and medical equipment; and in temperature-critical thermal applications such as material and chemical processing.

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

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