Advanced Energy Industries, Inc. (AEIS) Position Lifted by Millennium Management LLC

Millennium Management LLC lifted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 30.3% during the fourth quarter, HoldingsChannel reports. The firm owned 5,670 shares of the electronics maker’s stock after acquiring an additional 1,317 shares during the period. Millennium Management LLC’s holdings in Advanced Energy Industries were worth $243,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Advanced Energy Industries by 15.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,909 shares of the electronics maker’s stock valued at $125,000 after purchasing an additional 393 shares in the last quarter. Brasada Capital Management LP purchased a new stake in Advanced Energy Industries during the fourth quarter worth about $172,000. First Citizens Bank & Trust Co. purchased a new stake in Advanced Energy Industries during the fourth quarter worth about $204,000. New Vernon Capital Holdings II LLC purchased a new stake in Advanced Energy Industries during the fourth quarter worth about $221,000. Finally, Menta Capital LLC purchased a new stake in Advanced Energy Industries during the fourth quarter worth about $255,000. 98.06% of the stock is currently owned by institutional investors.

A number of analysts recently issued reports on AEIS shares. BidaskClub upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Friday, April 5th. ValuEngine upgraded shares of Advanced Energy Industries from a “strong sell” rating to a “sell” rating in a research note on Saturday, January 19th. TheStreet upgraded shares of Advanced Energy Industries from a “c+” rating to a “b” rating in a research note on Wednesday, April 3rd. Finally, Zacks Investment Research upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $68.00.

AEIS opened at $50.94 on Monday. The stock has a market capitalization of $1.96 billion, a PE ratio of 12.16, a price-to-earnings-growth ratio of 1.86 and a beta of 1.45. 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, Inc. has a twelve month low of $38.74 and a twelve month high of $69.21.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results 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 firm 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 revenue was down 28.1% on a year-over-year basis. During the same quarter last year, the company earned $1.34 earnings per share. On average, equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.76 EPS for the current fiscal year.

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Advanced Energy Industries 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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