Peterson Wealth Services Buys 528 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peterson Wealth Services grew its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 6.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,617 shares of the electronics maker’s stock after purchasing an additional 528 shares during the quarter. Peterson Wealth Services’ holdings in Advanced Energy Industries were worth $996,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of AEIS. Choreo LLC bought a new position in Advanced Energy Industries during the 4th quarter valued at $204,000. Moody Aldrich Partners LLC raised its holdings in shares of Advanced Energy Industries by 26.8% in the fourth quarter. Moody Aldrich Partners LLC now owns 51,726 shares of the electronics maker’s stock valued at $5,981,000 after purchasing an additional 10,947 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Advanced Energy Industries by 26.3% during the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock valued at $108,000 after purchasing an additional 213 shares in the last quarter. Compass Wealth Management LLC boosted its holdings in Advanced Energy Industries by 0.4% during the fourth quarter. Compass Wealth Management LLC now owns 68,838 shares of the electronics maker’s stock worth $7,960,000 after purchasing an additional 245 shares during the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock worth $579,000 after purchasing an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on AEIS. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, January 15th. Wells Fargo & Company boosted their price objective on 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. TD Cowen decreased their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Finally, StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. 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. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $126.89.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by insiders.

Advanced Energy Industries Trading Up 1.0 %

NASDAQ:AEIS opened at $112.83 on Tuesday. The company has a market cap of $4.25 billion, a P/E ratio of 98.97, a P/E/G ratio of 3.60 and a beta of 1.45. Advanced Energy Industries, Inc. has a 1 year low of $89.11 and a 1 year high of $130.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The stock’s fifty day moving average price is $117.40 and its two-hundred day moving average price is $110.39.

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.