Advanced Energy Industries, Inc. (NASDAQ:AEIS) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday.
Several other research firms have also recently issued reports on AEIS. Zacks Investment Research upgraded Advanced Energy Industries from a “hold” rating to a “strong-buy” rating and set a $86.00 target price for the company in a research report on Monday, May 8th. Citigroup Inc increased their target price on Advanced Energy Industries from $66.00 to $74.00 and gave the stock a “neutral” rating in a research report on Monday, March 20th. Two equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $75.00.
In related news, Director Edward C. Grady sold 6,000 shares of the stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $80.02, for a total transaction of $480,120.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Thomas M. Rohrs sold 4,000 shares of the stock in a transaction that occurred on Monday, April 3rd. The shares were sold at an average price of $68.56, for a total value of $274,240.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 76,772 shares of company stock valued at $5,895,875. 1.33% of the stock is owned by corporate insiders. A number of institutional investors have recently made changes to their positions in the stock. Tyers Asset Management LLC purchased a new position in shares of Advanced Energy Industries during the fourth quarter worth approximately $103,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Advanced Energy Industries during the first quarter worth approximately $130,000. Meeder Asset Management Inc. raised its position in shares of Advanced Energy Industries by 797.2% in the first quarter. Meeder Asset Management Inc. now owns 1,947 shares of the electronics maker’s stock worth $133,000 after buying an additional 1,730 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Advanced Energy Industries during the first quarter worth approximately $135,000. Finally, Elkfork Partners LLC purchased a new position in shares of Advanced Energy Industries during the fourth quarter worth approximately $141,000. 94.15% of the stock is owned by institutional investors.
To view ValuEngine’s full report, visit ValuEngine’s official website.