Advanced Energy Industries, Inc. (NASDAQ:AEIS) Short Interest Update

Advanced Energy Industries, Inc. (NASDAQ:AEIS) saw a significant increase in short interest in January. As of January 15th, there was short interest totalling 2,780,000 shares, an increase of 6.1% from the December 31st total of 2,620,000 shares. Approximately 7.5% of the company’s stock are sold short. Based on an average daily trading volume, of 228,500 shares, the short-interest ratio is currently 12.2 days.

Analyst Upgrades and Downgrades

AEIS has been the subject of a number of research analyst reports. Susquehanna decreased their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Bank of America raised 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. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. TD Cowen decreased their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. 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 research report on Monday, January 13th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

Advanced Energy Industries Stock Up 0.0 %

Shares of Advanced Energy Industries stock opened at $111.41 on Wednesday. Advanced Energy Industries has a one year low of $89.11 and a one year high of $130.50. The company has a market cap of $4.20 billion, a P/E ratio of 97.73, a PEG ratio of 3.66 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. The firm has a fifty day moving average of $117.62 and a two-hundred day moving average of $110.35.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was 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 this hyperlink. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in AEIS. Handelsbanken Fonder AB boosted its holdings in Advanced Energy Industries by 11.8% in the 4th quarter. Handelsbanken Fonder AB now owns 10,437 shares of the electronics maker’s stock valued at $1,207,000 after purchasing an additional 1,100 shares in the last quarter. Peregrine Capital Management LLC lifted its holdings in shares of Advanced Energy Industries by 1.8% in the 4th quarter. Peregrine Capital Management LLC now owns 87,732 shares of the electronics maker’s stock valued at $10,144,000 after buying an additional 1,577 shares during the period. Venturi Wealth Management LLC purchased a new stake in shares of Advanced Energy Industries in the fourth quarter valued at approximately $74,000. CIBC Asset Management Inc grew its holdings in Advanced Energy Industries by 22.8% during the fourth quarter. CIBC Asset Management Inc now owns 2,487 shares of the electronics maker’s stock worth $288,000 after acquiring an additional 461 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in Advanced Energy Industries by 4.0% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 18,816 shares of the electronics maker’s stock worth $2,176,000 after acquiring an additional 726 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

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.