Cambiar Investors LLC Reduces Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Cambiar Investors LLC reduced its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 7.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,366 shares of the electronics maker’s stock after selling 1,530 shares during the period. Cambiar Investors LLC owned 0.05% of Advanced Energy Industries worth $2,355,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in shares of Advanced Energy Industries by 1.7% during the third quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after purchasing an additional 15,030 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Advanced Energy Industries by 12.4% during the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after purchasing an additional 53,566 shares during the period. Lord Abbett & CO. LLC boosted its holdings in shares of Advanced Energy Industries by 6.2% during the third quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker’s stock worth $42,483,000 after purchasing an additional 23,395 shares during the period. Pinnacle Associates Ltd. boosted its holdings in shares of Advanced Energy Industries by 3.6% during the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock worth $19,244,000 after purchasing an additional 6,217 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its holdings in Advanced Energy Industries by 10.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock worth $16,137,000 after buying an additional 12,860 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEIS has been the subject of several research analyst reports. TD Cowen lowered their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Benchmark restated a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, December 16th. Finally, Wells Fargo & Company raised their price objective 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 equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.89.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $112.83 on Tuesday. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $130.50. The company has a 50 day simple moving average of $117.40 and a two-hundred day simple moving average of $110.39. The company 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 debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Insider Activity at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the firm’s 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 completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is owned by insiders.

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.