State of Alaska Department of Revenue Sells 112 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

State of Alaska Department of Revenue lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 21,389 shares of the electronics maker’s stock after selling 112 shares during the period. State of Alaska Department of Revenue’s holdings in Advanced Energy Industries were worth $2,473,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AQR Capital Management LLC lifted its position in shares of Advanced Energy Industries by 18.4% in the 2nd quarter. AQR Capital Management LLC now owns 3,649 shares of the electronics maker’s stock worth $397,000 after acquiring an additional 566 shares during the period. Sanctuary Advisors LLC acquired a new stake in Advanced Energy Industries during the second quarter worth $250,000. SG Americas Securities LLC increased its holdings in Advanced Energy Industries by 37.6% in the 3rd quarter. SG Americas Securities LLC now owns 5,520 shares of the electronics maker’s stock valued at $581,000 after buying an additional 1,508 shares during the period. GAMMA Investing LLC raised its stake in shares of Advanced Energy Industries by 51.1% in the 3rd quarter. GAMMA Investing LLC now owns 946 shares of the electronics maker’s stock valued at $100,000 after buying an additional 320 shares in the last quarter. Finally, Inspire Investing LLC raised its stake in shares of Advanced Energy Industries by 20.9% in the 3rd quarter. Inspire Investing LLC now owns 3,905 shares of the electronics maker’s stock valued at $411,000 after buying an additional 674 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the sale, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $112.83 on Tuesday. The stock has a 50-day simple moving average of $117.40 and a 200 day simple moving average of $110.39. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 98.97, a P/E/G ratio of 3.60 and a beta of 1.45. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $130.50.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on AEIS. TD Cowen lowered their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Robert W. Baird upped their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Finally, Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $126.89.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.