Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Thomas M. Rohrs sold 4,000 shares of the company’s stock in a transaction on Monday, April 3rd. The shares were sold at an average price of $68.56, for a total value of $274,240.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) traded down 0.631% on Friday, hitting $68.495. The stock had a trading volume of 133,150 shares. Advanced Energy Industries, Inc. has a 52 week low of $31.98 and a 52 week high of $70.64. The company has a 50-day moving average of $66.15 and a 200 day moving average of $57.43. The company has a market capitalization of $2.72 billion, a price-to-earnings ratio of 21.526 and a beta of 1.07.
Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Monday, January 30th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.81 by $0.25. The firm had revenue of $135.30 million for the quarter, compared to the consensus estimate of $131.14 million. Advanced Energy Industries had a return on equity of 34.94% and a net margin of 26.35%. The business’s quarterly revenue was up 55.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.32 earnings per share. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post $3.59 EPS for the current year.
Large investors have recently bought and sold shares of the company. Norges Bank bought a new stake in Advanced Energy Industries during the fourth quarter valued at about $24,474,000. BlackRock Fund Advisors increased its stake in shares of Advanced Energy Industries by 7.3% in the third quarter. BlackRock Fund Advisors now owns 2,745,285 shares of the electronics maker’s stock worth $129,907,000 after buying an additional 186,358 shares during the period. Russell Investments Group Ltd. acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $10,299,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Advanced Energy Industries during the third quarter worth about $4,855,000. Finally, Emerald Acquisition Ltd. increased its stake in shares of Advanced Energy Industries by 193.1% in the third quarter. Emerald Acquisition Ltd. now owns 153,505 shares of the electronics maker’s stock worth $7,264,000 after buying an additional 101,131 shares during the period. Hedge funds and other institutional investors own 94.15% of the company’s stock.
Several equities analysts have weighed in on the company. Citigroup Inc increased their target price on Advanced Energy Industries from $66.00 to $74.00 and gave the company a “neutral” rating in a research note on Monday, March 20th. Zacks Investment Research lowered Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 4th. Needham & Company LLC raised their price target on Advanced Energy Industries from $65.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Finally, Dougherty & Co raised their price target on Advanced Energy Industries from $66.00 to $70.00 and gave the stock a “buy” rating in a research report on Wednesday, February 1st. Three research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $69.50.
About Advanced Energy Industries
Advanced Energy Industries, Inc is a provider of engineered, precision power conversion, measurement and control solutions. The Company is engaged in designing, manufacturing, selling and supporting its power conversion products and solutions that transform power into various forms in various applications ranging from manufacturing and industrial processes to instrumentation, and test and measurement.
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