Short Interest in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Increases By 6.1%

Advanced Energy Industries, Inc. (NASDAQ:AEIS) was the target of 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. Based on an average trading volume of 228,500 shares, the days-to-cover ratio is currently 12.2 days. Currently, 7.5% of the company’s shares are short sold.

Advanced Energy Industries Stock Up 0.2 %

Shares of Advanced Energy Industries stock opened at $115.08 on Monday. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $130.50. The stock has a market capitalization of $4.34 billion, a P/E ratio of 100.95, a PEG ratio of 3.58 and a beta of 1.46. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock has a 50 day moving average price of $117.86 and a two-hundred day moving average price of $110.33.

Insider Activity at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the 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 completion of the sale, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by insiders.

Institutional Investors Weigh In On Advanced Energy Industries

A number of hedge funds have recently bought and sold shares of the company. Fort Washington Investment Advisors Inc. OH increased its position in Advanced Energy Industries by 10.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock worth $16,137,000 after buying an additional 12,860 shares during the period. Pinnacle Associates Ltd. grew its stake in shares of Advanced Energy Industries by 3.6% in the third quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker’s stock worth $19,244,000 after acquiring an additional 6,217 shares during the last quarter. Principal Financial Group Inc. increased its position in Advanced Energy Industries by 12.4% during the third 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 period. MQS Management LLC acquired a new position in Advanced Energy Industries during the 3rd quarter valued at $664,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in Advanced Energy Industries in the 3rd quarter valued at $12,306,000. 99.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AEIS has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their price objective on shares of 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. Robert W. Baird increased their price objective on Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, January 15th. TD Cowen cut their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.