Keybank National Association OH lessened its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 26.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,450 shares of the electronics maker’s stock after selling 1,585 shares during the period. Keybank National Association OH’s holdings in Advanced Energy Industries were worth $459,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Point72 Middle East FZE bought a new position in shares of Advanced Energy Industries in the 4th quarter worth $29,000. Exchange Traded Concepts LLC bought a new position in shares of Advanced Energy Industries in the 3rd quarter worth $48,000. Tower Research Capital LLC TRC increased its holdings in shares of Advanced Energy Industries by 193.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock worth $49,000 after buying an additional 329 shares during the last quarter. Acadian Asset Management LLC bought a new position in shares of Advanced Energy Industries in the 1st quarter worth $49,000. Finally, Coppell Advisory Solutions Corp. bought a new position in shares of Advanced Energy Industries in the 4th quarter worth $90,000. Institutional investors own 99.67% of the company’s stock.
Insider Buying and Selling at Advanced Energy Industries
In other Advanced Energy Industries news, Director Ronald C. Foster sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, November 15th. The shares were sold at an average price of $95.00, for a total transaction of $95,000.00. Following the transaction, the director now owns 1,618 shares of the company’s stock, valued at $153,710. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 2,914 shares of company stock valued at $286,339 over the last 90 days. 2.00% of the stock is currently owned by corporate insiders.
Advanced Energy Industries Stock Performance
Wall Street Analyst Weigh In
AEIS has been the topic of several recent research reports. Bank of America assumed coverage on shares of Advanced Energy Industries in a report on Thursday, November 30th. They set a “neutral” rating and a $105.00 target price on the stock. Raymond James dropped their target price on shares of Advanced Energy Industries from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, November 1st. Susquehanna lowered their price target on shares of Advanced Energy Industries from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Seaport Res Ptn reissued a “neutral” rating on shares of Advanced Energy Industries in a research report on Wednesday, December 6th. Finally, Wells Fargo & Company reduced their price objective on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $113.11.
About Advanced Energy Industries
Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.
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