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

Advanced Energy Industries, Inc. (NASDAQ:AEIS) saw a large 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 shares of the stock are short sold. Based on an average trading volume of 228,500 shares, the days-to-cover ratio is presently 12.2 days.

Advanced Energy Industries Price Performance

Shares of AEIS opened at $111.41 on Wednesday. The firm has a 50-day simple moving average of $117.62 and a two-hundred day simple moving average of $110.35. The stock has a market cap of $4.20 billion, a PE ratio of 97.73, a P/E/G ratio of 3.66 and a beta of 1.45. Advanced Energy Industries 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.

Wall Street Analyst Weigh In

AEIS has been the topic of several recent research reports. Benchmark restated a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Monday, December 16th. Susquehanna cut their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Robert W. Baird boosted their price target on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Advanced Energy Industries has an average rating of “Moderate Buy” and an average price target of $126.89.

Insider Buying and Selling

In other news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on 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 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 SEC, which is available at this link. 0.87% of the stock is owned by insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Hedge funds have recently made changes to their positions in the stock. Handelsbanken Fonder AB boosted its holdings in Advanced Energy Industries by 11.8% during the 4th quarter. Handelsbanken Fonder AB now owns 10,437 shares of the electronics maker’s stock valued at $1,207,000 after acquiring an additional 1,100 shares during the period. Peregrine Capital Management LLC boosted its stake in shares of Advanced Energy Industries by 1.8% in the fourth quarter. Peregrine Capital Management LLC now owns 87,732 shares of the electronics maker’s stock valued at $10,144,000 after purchasing an additional 1,577 shares during the period. Venturi Wealth Management LLC acquired a new position in shares of Advanced Energy Industries in the fourth quarter valued at approximately $74,000. CIBC Asset Management Inc increased its stake in Advanced Energy Industries by 22.8% during the 4th quarter. CIBC Asset Management Inc now owns 2,487 shares of the electronics maker’s stock worth $288,000 after buying an additional 461 shares during the period. Finally, State of New Jersey Common Pension Fund D lifted its holdings in Advanced Energy Industries by 4.0% during the 4th 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 buying an additional 726 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

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.