Advanced Energy Industries (AEIS) : Moody Aldrich Partners added new position in Advanced Energy Industries during the most recent quarter end. The investment management firm now holds 33,347 shares of Advanced Energy Industries which is valued at $1,358,557 , the company said in a statement filed on Jul 26, 2016 with the SEC.Advanced Energy Industries makes up approximately 1.08% of Moody Aldrich Partners’s portfolio.
Other Hedge Funds, Including , Smith Asset Management Group Lp boosted its stake in AEIS in the latest quarter, The investment management firm added 2,249 additional shares and now holds a total of 93,179 shares of Advanced Energy Industries which is valued at $3,796,112. Advanced Energy Industries makes up approx 0.11% of Smith Asset Management Group Lp’s portfolio. Huntington National Bank sold out all of its stake in AEIS during the most recent quarter. The investment firm sold 400 shares of AEIS which is valued $16,296.Fisher Asset Management reduced its stake in AEIS by selling 19,841 shares or 17.98% in the most recent quarter. The Hedge Fund company now holds 90,519 shares of AEIS which is valued at $3,611,708. Advanced Energy Industries makes up approx 0.01% of Fisher Asset Management’s portfolio. Cutler Group Lp sold out all of its stake in AEIS during the most recent quarter. The investment firm sold 171 shares of AEIS which is valued $6,823.
Advanced Energy Industries closed down -0.29 points or -0.71% at $40.72 with 2,32,357 shares getting traded on Friday. Post opening the session at $41.13, the shares hit an intraday low of $40.5 and an intraday high of $41.4 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, Advanced Energy Industries reported $0.73 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.67. The company had revenue of $118.80 million for the quarter, compared to analysts expectations of $111.52 million. The company’s revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.
Many Wall Street Analysts have commented on Advanced Energy Industries. Company shares were Reiterated by Dougherty & Company on Jul 28, 2016 to “Buy”, Firm has raised the Price Target to $ 46 from a previous price target of $38 .Advanced Energy Industries was Downgraded by Raymond James to ” Mkt Perform” on Jul 14, 2016.
Advanced Energy Industries Inc. is a provider of highly-engineered mission-critical precision power conversion measurement and control solutions. The Company is engaged in designing manufacturing selling and supporting its power conversion products and solutions that transform power into various usable forms in various applications ranging from manufacturing and industrial processes to instrumentation and test and measurement. It also provides repair and maintenance services for all of its products. The Company is organized into two segments: Precision Power Products (Precision Power) and Inverters. The Precision Power segment serves OEMs and end customers in the semiconductor flat panel display solar panel and other industrial capital equipment markets. The Inverters segment focuses on commercial and utility-scale solar projects and installations selling primarily to distributors Engineering Procurement and Construction contractors (EPCs) developers and utility companies.