Riverhead Capital Management LLC raised its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 16.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 4,901 shares of the electronics maker’s stock after buying an additional 700 shares during the period. Riverhead Capital Management LLC’s holdings in Advanced Energy Industries were worth $276,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AEIS. Geode Capital Management LLC increased its stake in shares of Advanced Energy Industries by 5.4% during the 4th quarter. Geode Capital Management LLC now owns 434,929 shares of the electronics maker’s stock worth $18,671,000 after purchasing an additional 22,261 shares during the last quarter. BNP Paribas Arbitrage SA boosted its holdings in Advanced Energy Industries by 778.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,881 shares of the electronics maker’s stock valued at $441,000 after purchasing an additional 7,870 shares during the period. SG Americas Securities LLC boosted its holdings in Advanced Energy Industries by 28.0% in the 1st quarter. SG Americas Securities LLC now owns 15,696 shares of the electronics maker’s stock valued at $780,000 after purchasing an additional 3,430 shares during the period. Rhumbline Advisers boosted its holdings in Advanced Energy Industries by 0.5% in the 1st quarter. Rhumbline Advisers now owns 114,860 shares of the electronics maker’s stock valued at $5,706,000 after purchasing an additional 589 shares during the period. Finally, Comerica Bank boosted its holdings in Advanced Energy Industries by 1.5% in the 1st quarter. Comerica Bank now owns 37,946 shares of the electronics maker’s stock valued at $2,039,000 after purchasing an additional 562 shares during the period. Hedge funds and other institutional investors own 97.54% of the company’s stock.

Shares of Advanced Energy Industries stock traded down $0.42 on Friday, reaching $56.75. 10,547 shares of the stock were exchanged, compared to its average volume of 204,045. The firm’s 50 day moving average is $52.29 and its 200-day moving average is $52.61. Advanced Energy Industries, Inc. has a one year low of $38.74 and a one year high of $60.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 4.87 and a current ratio of 5.83. The firm has a market cap of $2.15 billion, a PE ratio of 13.54 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Monday, August 5th. The electronics maker reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.15. Advanced Energy Industries had a net margin of 16.80% and a return on equity of 16.57%. The business had revenue of $134.81 million during the quarter, compared to the consensus estimate of $135.78 million. During the same quarter in the prior year, the firm earned $1.25 EPS. The firm’s revenue was down 31.2% compared to the same quarter last year. On average, equities research analysts expect that Advanced Energy Industries, Inc. will post 1.54 EPS for the current fiscal year.

A number of analysts have issued reports on the stock. BidaskClub raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Saturday, September 7th. Cowen reissued an “outperform” rating and issued a $60.00 price objective (up previously from $58.00) on shares of Advanced Energy Industries in a report on Thursday, May 16th. Finally, DA Davidson downgraded shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $60.00 to $55.00 in a report on Monday, July 8th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $64.20.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc, together with its subsidiaries, designs, manufactures, sells, and supports power conversion, measurement, and control solutions that transform electrical power into various usable forms. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF 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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