Advanced Energy Industries, Inc. (NASDAQ:AEIS) has seen a boost in its stake by SG Americas Securities LLC, according to the company’s most recent filing with the Securities and Exchange Commission (SEC). In the fourth quarter of 2022, SG Americas Securities’ holdings have been augmented by 23.2% when they acquired an additional 3,107 shares of the electronics maker’s stock, bringing their total number of shares to 16,523 worth $1,417,000 as of the filing.
As a provider of precision power conversion, measurement and control solutions, Advanced Energy Industries is a leader in its field. Its range of products includes Plasma Power Generators, High Voltage Products, Low Voltage Power Supplies, Remote Plasma Sources, Temperature Measurement Products and SCR Power Controllers. Additionally offered are Electrostatic Products and Gas Sensors.
Advanced Energy Industries stock opened at $84.87 on April 26th with a market cap of $3.18 billion and a PE ratio of 16.04 while boasting a beta of 1.56. Its one-year low was set at $67.55 and its one-year high at $101.00 with a 50-day moving average price set at $93.43 whereas its 200-day moving average stood at $89.50.
The company is currently reporting a debt-to-equity ratio standing at 0.33 while having both Quick Ratio and Current Ratio set above the industry average ratio benchmarks; respectively standing at 2.07 and 3.02.
Overall these figures indicate that Advanced Energy Industries holds great potential for growth in its sector despite current economic uncertainties. Investors ought to heed this trend as it highlights increased confidence towards AEIS stocks on behalf of major investment funds such as SG Americas Securities LLC thus suggesting future returns for those involved in similar investments.
In conclusion, Advanced Energy Industries seems poised for continued success with impressive figures across several benchmarks in its industry. The increased stake by SG Americas Securities LLC exhibits a growing confidence in AEIS stocks and the future potential of the company. Investors would do well to consider investing in this company as it continues to expand further into the electronics industry with innovative solutions at the forefront of technological advancement.
Advanced Energy Industries Inc.: A Precision Power Conversion Provider Making Waves in the Market
Advanced Energy Industries Inc. (NASDAQ:AEIS) is a Precision Power Conversion, Measurement and Control solutions provider based in Fort Collins, Colorado, United States. The company was founded in 1981 and since then has maintained a strong presence as an electronics maker that sells its products to various industries around the world.
The company revealed its quarterly earnings results on February 8th, with a revenue of $490.70 million for the quarter. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. Advanced Energy Industries had a net margin of 10.82% and a return on equity of 23.65%. On average, sell-side analysts predict that Advanced Energy Industries will post EPS of $4.18 for the current fiscal year.
Investors have been paying close attention to AEIS shares due to increasing interest from institutional investors and hedge funds who have been buying and selling the stock recently. In particular, CWM LLC recently increased its position in AEIS by over 259%, after purchasing an additional 236 shares during Q3 alone, now owning 327 shares while Wipfli Financial Advisors LLC acquired a new position in AEIS during Q3 worth approximately $25k.
Advanced Energy Industries has also caught the attention of several research firms; Citigroup recently increased its price objective on AEIS from $95 to $114 and gave the stock a “buy” rating, while Benchmark upped their price target from $90 to $112 giving it another “buy” rating.
Advanced Energy Industries aims to move forward as an industry leader providing cutting-edge technology solutions by continuing their impressive growth spurt when it comes to earnings reports while also maintaining strong investor interest over time.