Trust Point Inc. Sells 3,475 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Trust Point Inc. reduced its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 43.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,463 shares of the electronics maker's stock after selling 3,475 shares during the quarter. Trust Point Inc.'s holdings in Advanced Energy Industries were worth $516,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its stake 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 buying an additional 182 shares during the period. Huntington National Bank raised its position in shares of Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock worth $33,000 after purchasing an additional 208 shares during the period. Quantbot Technologies LP bought a new position in shares of Advanced Energy Industries in the 3rd quarter worth $41,000. Meeder Asset Management Inc. grew its position in Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock valued at $48,000 after purchasing an additional 186 shares during the period. Finally, Blue Trust Inc. raised its holdings in Advanced Energy Industries by 2,150.0% during the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker's stock worth $88,000 after buying an additional 774 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 2.00% of the stock is currently owned by insiders.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded down $1.41 during mid-day trading on Friday, reaching $111.69. 190,282 shares of the company's stock were exchanged, compared to its average volume of 242,176. Advanced Energy Industries, Inc. has a 52 week low of $89.11 and a 52 week high of $130.50. The firm has a 50-day moving average price of $117.51 and a two-hundred day moving average price of $110.36. 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 firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 97.97, a price-to-earnings-growth ratio of 3.60 and a beta of 1.45.

Analyst Ratings Changes

AEIS has been the topic of a number of analyst reports. TD Cowen lowered their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Wells Fargo & Company lifted their target price on Advanced Energy Industries from $105.00 to $115.00 and gave the company an "equal weight" rating in a research 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 price target for the company in a research report on Monday, December 16th. Finally, Robert W. Baird lifted their price objective on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.89.

Advanced Energy Industries 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.