Advanced Energy Snaps Airity Technologies of Redwood City, California, Financial Terms Unidisclosed

6/24/24 6:01:57 AM ET

Industrial Machinery/Components

Technology

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Advanced Energy Industries, Inc. (NASDAQ:AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced the acquisition of Airity Technologies, a Redwood City, California-based provider of next-generation, high voltage power conversion products and technologies for applications in semiconductor, industrial and medical markets.

Airity Technologies adds a portfolio of Gallium Nitride (GaN) based high frequency, power conversion and pulsing technologies, which enable a step function improvement in power density and response time. Leveraging Airity's proven technologies, Advanced Energy will address a broader range of applications in its target markets.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
10/31/2024	$120.00 → $118.00	Hold	TD Cowen
9/20/2024	$128.00	Outperform	Robert W. Baird
8/15/2024	$135.00	Buy	Stifel
7/31/2024	$100.00 → $120.00	Hold	TD Cowen
7/15/2024	$113.00	Buy → Neutral	Citigroup
12/6/2023		Neutral	Seaport Research Partners
11/30/2023	$105.00	Neutral	BofA Securities
11/21/2023	$100.00	Equal Weight	Wells Fargo

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Advanced Energy Industries, Inc. (NASDAQ:AEIS), a global leader in highly engineered, precision power conversion, measurement and control solutions, today announced the appointment of Brian Shirley to its board of directors. Mr. Shirley brings decades of experience in semiconductor product technologies and an extensive track record of advancing innovation and global growth. "As a recognized leader in the semiconductor industry, Brian will be a valuable asset to our board," said Grant Beard, chairman of the board of Advanced Energy. "I welcome Brian to our board and look forward to his contributions." "Brian's technical acumen and deep knowledge of the semiconductor industry make him a gre
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Advanced Energy Snaps Airity Technologies of Redwood City, California, Financial Terms Unidisclosed

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$AEIS Insider Trading

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Director Minnix Lanesha sold $111,720 worth of shares (1,000 units at $111.72), decreasing direct ownership by 16% to 5,092 units (SEC Form 4)

SVP, Chief Accounting Officer Colpitts Bernard Raymond Jr covered exercise/tax liability with 720 shares, decreasing direct ownership by 15% to 4,222 units (SEC Form 4)

Director Ball Frederick sold $384,545 worth of shares (3,500 units at $109.87) (SEC Form 4)

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SEC Form 10-Q filed by Advanced Energy Industries Inc.

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TD Cowen reiterated coverage on Advanced Energy with a new price target

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SEC Form SC 13G/A filed by Advanced Energy Industries Inc. (Amendment)

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