Ethic Inc. has raised its investment in Advanced Energy Industries, Inc. (NASDAQ: AEIS) by 20.5% during the second quarter of 2024. According to a recent disclosure with the Securities and Exchange Commission (SEC), the institutional investor now holds 5,542 shares of the electronics manufacturer after acquiring an additional 942 shares during the quarter. As of the latest reporting period, Ethic Inc.’s total stake in Advanced Energy Industries is valued at approximately $733,000.
Several other institutional investors have also adjusted their positions in Advanced Energy Industries recently. Principal Financial Group Inc. increased its holdings by 0.3% in the first quarter, now owning 477,296 shares worth $45.49 million. Similarly, Charles Schwab Investment Management Inc. expanded its stake by 1.1%, bringing its total to 465,162 shares valued at $44.34 million. Segall Bryant & Hamill LLC reported a 5.7% increase, now holding 163,300 shares worth $15.56 million, while MetLife Investment Management LLC significantly boosted its stake by 557.2%, acquiring 148,479 shares valued at $14.15 million. Fort Washington Investment Advisors Inc. also raised its position by 7.3%, resulting in ownership of 136,017 shares valued at $18.02 million. Overall, institutional investors hold 99.67% of the company’s stock.
In related news, John Donaghey, Executive Vice President of Advanced Energy Industries, sold 1,000 shares on August 13, 2024, at an average price of $160.73, totaling $160,730. Following this transaction, Donaghey owns 10,029 shares, valued at approximately $1.61 million. This sale represents a 9.07% decrease in his stock ownership. Insiders currently hold 1.20% of the company’s shares.
Market Performance and Earnings Report
Advanced Energy Industries opened at $205.12 on August 5, 2024. The company has a market capitalization of $7.74 billion and boasts a price-to-earnings (PE) ratio of 92.81. Its 50-day moving average stands at $168.72, while the 200-day moving average is $139.87. The firm’s stock has fluctuated significantly over the past year, with a 52-week low of $75.01 and a high of $206.85.
In its quarterly earnings announcement on August 5, Advanced Energy Industries reported earnings per share (EPS) of $1.50, surpassing the consensus estimate of $1.28 by $0.22. The company also generated revenue of $441.50 million for the quarter, exceeding analysts’ expectations of $421.32 million. This marks a 21.0% increase in revenue compared to the same quarter last year, when the firm earned $0.85 per share. Advanced Energy Industries has provided guidance for the third quarter of 2025, projecting EPS of $1.20 to $1.70.
Research analysts anticipate that Advanced Energy Industries will report an average EPS of 3.66 for the current fiscal year.
About Advanced Energy Industries
Advanced Energy Industries, Inc. specializes in precision power conversion, measurement, and control solutions, serving both domestic and international markets. The company’s plasma power products facilitate innovation in semiconductor and thin film plasma processes, including dry etch and deposition.
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