Alliancebernstein L.P. Reduces $36M in Advanced Energy Industries, Inc. ($AEIS)
Key Points
- Alliancebernstein L.P. changed its Advanced Energy Industries, Inc. ($AEIS) stake by 18.8% last quarter, cutting to 457,543 shares worth $155.85 million.
- Wall Street's consensus rating on $AEIS is Buy and an average price target of $394.50.
- $AEIS last traded around $340.62.
Alliancebernstein L.P. reduced its position in Advanced Energy Industries, Inc. ($AEIS) by 18.8% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 457,543 shares of Advanced Energy Industries, Inc. after selling 106,004 shares during the quarter. Alliancebernstein L.P.'s holdings in Advanced Energy Industries, Inc. were worth $155.85 million as of its most recent filing.
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About Advanced Energy Industries, Inc.
Advanced Energy Industries, Inc. provides precision power conversion, measurement, and control solutions in the United States, Asia, Europe, 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. It also provides high and low voltage power products used in a range of applications, such as semiconductor equipment, industrial production, medical and life science equipment, data centers computing, networking, and telecommunications. In addition, the company supplies sensing, controls, and instrumentation products for advanced measurement and calibration of power and temperature. Further, it provides calibration, conversions, upgrades, and refurbishments and used equipment to companies, as well as repair and maintenance services. The company offers its products through direct sales force, direct and indirect sales channels, and distributors, as well as provides warranty and non-warranty repair services. Advanced Energy Industries, Inc. was incorporated in 1981 and is headquartered in Denver, Colorado.
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