Methode Electronics Inc. (MEI), Power One Inc (PWER): Hedge Funds Are Selling Advanced Energy Industries, Inc. (AEIS)

Advanced Energy Industries, Inc. (NASDAQ:AEIS) investors should be aware of a decrease in enthusiasm from smart money recently.

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With these “truths” under our belt, it’s important to take a gander at the latest action encompassing Advanced Energy Industries, Inc. (NASDAQ:AEIS).

What does the smart money think about Advanced Energy Industries, Inc. (NASDAQ:AEIS)?

At year’s end, a total of 13 of the hedge funds we track held long positions in this stock, a change of -7% from the third quarter. With the smart money’s sentiment swirling, there exists an “upper tier” of noteworthy hedge fund managers who were boosting their holdings significantly.

When looking at the hedgies we track, Chuck Royce’s Royce & Associates had the most valuable position in Advanced Energy Industries, Inc. (NASDAQ:AEIS), worth close to $45.6 million, accounting for 0.1% of its total 13F portfolio. Sitting at the No. 2 spot is Cliff Asness of AQR Capital Management, with a $7.4 million position; the fund has less than 0.1%% of its 13F portfolio invested in the stock. Remaining hedge funds that are bullish include Joel Greenblatt’s Gotham Asset Management, Jim Simons’s Renaissance Technologies and Gregory Fraser, Rudolph Kluiber, and Timothy Kroch’s GRT Capital Partners.

Due to the fact that Advanced Energy Industries, Inc. (NASDAQ:AEIS) has witnessed a declination in interest from the entirety of the hedge funds we track, logic holds that there was a specific group of fund managers that slashed their positions entirely in Q4. At the top of the heap, Andy Redleaf’s Whitebox Advisors sold off the largest stake of all the hedgies we track, worth about $0.5 million in stock.. David Costen Haley’s fund, HBK Investments, also said goodbye to its stock, about $0.4 million worth. These bearish behaviors are interesting, as aggregate hedge fund interest dropped by 1 funds in Q4.

Insider trading activity in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Insider buying is at its handiest when the primary stock in question has seen transactions within the past 180 days. Over the last 180-day time period, Advanced Energy Industries, Inc. (NASDAQ:AEIS) has seen zero unique insiders buying, and 3 insider sales (see the details of insider trades here).

Let’s also take a look at hedge fund and insider activity in other stocks similar to Advanced Energy Industries, Inc. (NASDAQ:AEIS). These stocks are Methode Electronics Inc. (NYSE:MEI), Power One Inc (NASDAQ:PWER), Sanmina Corp (NASDAQ:SANM), Nam Tai Electronics, Inc. (NYSE:NTE), and Encore Wire Corporation (NASDAQ:WIRE). This group of stocks are the members of the diversified electronics industry and their market caps are closest to AEIS’s market cap.

With the results shown by Insider Monkey’s studies, retail investors should always pay attention to hedge fund and insider trading activity, and Advanced Energy Industries, Inc. (NASDAQ:AEIS) is no exception.

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