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

Advanced Energy Industries, Inc. (NASDAQ:AEIS) saw a significant increase in short interest during the month of 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. Currently, 7.5% of the company’s shares are sold short. Based on an average trading volume of 228,500 shares, the days-to-cover ratio is presently 12.2 days.

Insiders Place Their Bets

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 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Versant Capital Management Inc grew its holdings in Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares during the last quarter. Huntington National Bank grew its stake in Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 208 shares in the last quarter. Quantbot Technologies LP bought a new stake in Advanced Energy Industries during the third quarter valued at approximately $41,000. Meeder Asset Management Inc. raised its holdings in Advanced Energy Industries by 68.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after buying an additional 186 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in Advanced Energy Industries during the 4th quarter valued at $74,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Down 3.2 %

AEIS opened at $111.39 on Tuesday. The firm has a market cap of $4.20 billion, a PE ratio of 97.71, a price-to-earnings-growth ratio of 3.66 and a beta of 1.45. Advanced Energy Industries has a twelve month low of $89.11 and a twelve month high of $130.50. The firm’s fifty day moving average is $117.74 and its two-hundred day moving average is $110.33. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Analysts Set New Price Targets

A number of brokerages recently issued reports on AEIS. 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. Wells Fargo & Company raised their price objective on Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a report on Monday, January 13th. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Monday, December 16th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Robert W. Baird upped their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. 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 MarketBeat.com, Advanced Energy Industries 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.