Cambiar Investors LLC Sells 1,530 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Cambiar Investors LLC lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 7.0% in the fourth quarter, HoldingsChannel reports. The firm owned 20,366 shares of the electronics maker’s stock after selling 1,530 shares during the period. Cambiar Investors LLC’s holdings in Advanced Energy Industries were worth $2,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AEIS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Advanced Energy Industries in the 3rd quarter worth approximately $12,306,000. Principal Financial Group Inc. boosted its stake in shares of Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after acquiring an additional 53,566 shares during the last quarter. Sora Investors LLC purchased a new position in shares of Advanced Energy Industries during the 3rd quarter worth $4,736,000. Southernsun Asset Management LLC purchased a new position in shares of Advanced Energy Industries during the 3rd quarter worth $3,575,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Advanced Energy Industries during the 3rd quarter worth $3,153,000. Institutional investors own 99.67% of the company’s stock.

Insider Activity

In other news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred on 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 directly owns 5,092 shares in the company, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of 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 52-week low of $89.11 and a 52-week high of $130.50. 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’s fifty day moving average is $117.40 and its two-hundred day moving average is $110.39.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AEIS shares. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Benchmark reiterated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Needham & Company LLC reiterated a “buy” rating and set a $145.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, January 15th. Bank of America upgraded 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 research note on Monday, December 16th. Finally, Wells Fargo & Company upped their target price 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 investment analysts have rated the stock with a hold rating, six have issued 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 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.