Credit Agricole S A decreased its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 47.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,800 shares of the electronics maker’s stock after selling 6,200 shares during the quarter. Credit Agricole S A’s holdings in Advanced Energy Industries were worth $396,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Royce & Associates LP lifted its holdings in shares of Advanced Energy Industries by 134.4% in the 2nd quarter. Royce & Associates LP now owns 651,212 shares of the electronics maker’s stock valued at $37,829,000 after purchasing an additional 373,409 shares during the last quarter. Pinnacle Associates Ltd. purchased a new stake in shares of Advanced Energy Industries in the 1st quarter valued at about $22,903,000. Janus Henderson Group PLC purchased a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at about $18,874,000. BlackRock Inc. raised its stake in Advanced Energy Industries by 5.5% during the 2nd quarter. BlackRock Inc. now owns 5,639,384 shares of the electronics maker’s stock valued at $327,592,000 after acquiring an additional 293,718 shares during the last quarter. Finally, Prudential Financial Inc. raised its stake in Advanced Energy Industries by 40.5% during the 1st quarter. Prudential Financial Inc. now owns 789,207 shares of the electronics maker’s stock valued at $50,430,000 after acquiring an additional 227,479 shares during the last quarter. Hedge funds and other institutional investors own 93.99% of the company’s stock.

NASDAQ:AEIS traded up $0.53 during trading hours on Friday, reaching $53.69. 328,620 shares of the company traded hands, compared to its average volume of 403,647. Advanced Energy Industries, Inc. has a 1-year low of $51.94 and a 1-year high of $95.00. The stock has a market cap of $2.04 billion, a PE ratio of 12.69, a price-to-earnings-growth ratio of 1.30 and a beta of 1.04.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, July 30th. The electronics maker reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.35 by ($0.10). Advanced Energy Industries had a return on equity of 33.40% and a net margin of 19.68%. The business had revenue of $196.00 million for the quarter, compared to analyst estimates of $199.60 million. During the same quarter last year, the business earned $1.22 EPS. Advanced Energy Industries’s revenue for the quarter was up 18.1% compared to the same quarter last year. equities analysts anticipate that Advanced Energy Industries, Inc. will post 4.47 EPS for the current year.

Several analysts have commented on AEIS shares. Raymond James raised Advanced Energy Industries from a “market perform” rating to an “outperform” rating in a research note on Thursday, July 5th. They noted that the move was a valuation call. Stifel Nicolaus cut their target price on Advanced Energy Industries from $87.00 to $78.00 and set a “hold” rating for the company in a research note on Wednesday, August 1st. Zacks Investment Research downgraded Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Monday, August 6th. BidaskClub cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. Finally, DA Davidson lowered their price target on Advanced Energy Industries to $90.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Advanced Energy Industries has an average rating of “Hold” and an average target price of $76.83.

In related news, CFO Thomas O. Mcgimpsey sold 8,391 shares of the stock in a transaction on Thursday, August 16th. The stock was sold at an average price of $59.32, for a total value of $497,754.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.20% of the stock is owned by company insiders.

About Advanced Energy Industries

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.

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

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