FMR LLC & Abigail Johnson Hold 11.11% Stake in Advanced Energy
Ticker: AEIS · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 927003
| Field | Detail |
|---|---|
| Company | Advanced Energy Industries Inc (AEIS) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**FMR LLC and Abigail Johnson still own over 11% of Advanced Energy, signaling continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in Advanced Energy Industries Inc. As of February 9, 2024, they collectively beneficially own 4,146,831 shares of common stock, representing 11.110% of the company. This filing indicates a significant, but not controlling, stake held by a prominent institutional investor, which can signal confidence in the company's long-term prospects to other investors.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, maintain a substantial position in Advanced Energy Industries Inc., which can be a positive signal to the market about the company's stability and future potential.
Risk Assessment
Risk Level: low — This filing is an update to an existing stake, indicating stability rather than a new, potentially disruptive, investment or divestment.
Analyst Insight
Investors should note the continued significant institutional ownership by FMR LLC, which suggests a stable, long-term investment perspective from a major player. This could be a positive indicator for the stock's stability, but it doesn't necessarily imply immediate price movements.
Key Numbers
- 4,146,831 — Shares Beneficially Owned (Total common stock shares of Advanced Energy Industries Inc. owned by FMR LLC and Abigail P. Johnson.)
- 11.110% — Percent of Class (The percentage of Advanced Energy Industries Inc.'s common stock beneficially owned by FMR LLC and Abigail P. Johnson.)
- 007973100 — CUSIP Number (Unique identifier for Advanced Energy Industries Inc.'s common stock.)
- 20240209 — Filing Date (The date this SC 13G/A amendment was filed.)
Key Players & Entities
- FMR LLC (company) — Reporting Person, parent holding company
- Abigail P. Johnson (person) — Reporting Person, principal owner of FMR LLC
- ADVANCED ENERGY INDUSTRIES INC (company) — Subject Company, issuer of the common stock
- Paul Oldham (person) — Contact person for Advanced Energy Industries Inc.
Forward-Looking Statements
- FMR LLC will maintain a significant stake in Advanced Energy Industries Inc. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- Advanced Energy Industries Inc. will continue to be a focus for institutional investors due to its established ownership base. (ADVANCED ENERGY INDUSTRIES INC) — medium confidence, target: 2024-12-31
FAQ
What is the primary purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 2) to a Schedule 13G, indicating an update to the beneficial ownership stake of FMR LLC and Abigail P. Johnson in Advanced Energy Industries Inc. It is filed under Rule 13d-1(b).
Who are the reporting persons in this filing?
The reporting persons are FMR LLC, a Delaware-incorporated company, and Abigail P. Johnson, a U.S. citizen, who is associated with FMR LLC.
What is the total number of shares of Advanced Energy Industries Inc. common stock beneficially owned by the reporting persons?
FMR LLC and Abigail P. Johnson each beneficially own 4,146,831 shares of Advanced Energy Industries Inc. common stock, as stated in Item 7 and Item 4(a) of the filing.
What percentage of Advanced Energy Industries Inc.'s common stock do the reporting persons collectively own?
The reporting persons collectively own 11.110% of the common stock of Advanced Energy Industries Inc., as indicated in Item 11 and Item 4(b) of the filing.
Where are the principal executive offices of Advanced Energy Industries Inc. located?
The principal executive offices of Advanced Energy Industries Inc. are located at 1595 WYNKOOP STREET, SUITE 800, DENVER, CO 80202 USA, as stated in Item 1(b) of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding ADVANCED ENERGY INDUSTRIES INC (AEIS).