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Advanced Energy Industries Inc (NASDAQ:AEIS) Stock Update

- (Last modified: Feb 20, 2025 2:18 PM)

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  • Minnix Lanesha, a director of AEIS, sold 1,600 shares at $129.37 each, still holding 3,492 shares.
  • AEIS reported quarterly earnings of $1.30 per share, a 19.27% earnings surprise, surpassing the Zacks Consensus Estimate.
  • The company's revenue reached $415.4 million for the quarter, exceeding estimates by 6.45% and showing year-over-year growth.

Advanced Energy Industries Inc (NASDAQ:AEIS) is a prominent player in the Semiconductor Equipment - Wafer Fabrication industry. The company focuses on providing power and control technologies for high-growth, precision power conversion. It competes with other industry giants in delivering innovative solutions to its clients. Recently, a notable transaction occurred involving Minnix Lanesha, a director of AEIS.

On February 19, 2025, Minnix Lanesha sold 1,600 shares of AEIS at $129.37 each. This transaction left her with 3,492 shares of the company's common stock. Despite this sale, AEIS has been performing well financially. The company reported quarterly earnings of $1.30 per share, surpassing the Zacks Consensus Estimate of $1.09 per share. This represents a 19.27% earnings surprise.

AEIS's strong earnings are complemented by impressive revenue figures. The company reported revenues of $415.4 million for the quarter ending December 2024, exceeding the Zacks Consensus Estimate by 6.45%. This is an increase from the $405.27 million reported in the same period last year. AEIS has consistently outperformed consensus revenue estimates in recent quarters.

The stock price of AEIS is currently $131.54, reflecting a 3.80% increase. It has fluctuated between $125.73 and $131.64 today, with the latter being its highest price over the past year. The lowest price for AEIS in the past year was $89.12. The company has a market capitalization of approximately $4.96 billion, with a trading volume of 372,218 shares.

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