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Advanced Energy Industries Slides as Convertible Note Conversion Window Opens

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Advanced Energy Industries (AEIS) is down 6.2% today. Here is some analysis on what might have caused this price movement. ([ir.advancedenergy.com](https://ir.advancedenergy.com/news/advanced-energy-announces-redemption-of-its-remaining-250percent-convertible-senior-notes-due-2028/2c65b077-4896-4519-bee5-78e0484f2680?utm_source=openai))

Analysis: The most likely catalyst is investor concern around dilution and trading pressure tied to Advanced Energy’s planned redemption of its remaining 2.50% convertible notes, with the conversion observation period beginning on June 26, 2026. A broader pullback in semiconductor and AI-linked stocks on Friday may have added to the weakness, so the selloff appears to be a mix of company-specific mechanics and sector pressure. ([ir.advancedenergy.com](https://ir.advancedenergy.com/news/advanced-energy-announces-redemption-of-its-remaining-250percent-convertible-senior-notes-due-2028/2c65b077-4896-4519-bee5-78e0484f2680?utm_source=openai))

Details:

  • Advanced Energy said on June 12 that it plans to redeem all $136.7 million of its remaining 2.50% convertible senior notes due 2028. ([ir.advancedenergy.com](https://ir.advancedenergy.com/news/advanced-energy-announces-redemption-of-its-remaining-250percent-convertible-senior-notes-due-2028/2c65b077-4896-4519-bee5-78e0484f2680?utm_source=openai))
  • The company stated that the observation period for conversions starts on June 26 and runs through September 21, creating a window that can focus attention on potential share issuance and hedging activity. ([ir.advancedenergy.com](https://ir.advancedenergy.com/news/advanced-energy-announces-redemption-of-its-remaining-250percent-convertible-senior-notes-due-2028/2c65b077-4896-4519-bee5-78e0484f2680?utm_source=openai))
  • Advanced Energy’s own dilution table shows materially higher diluted share counts at stock prices around recent trading levels, which may have sharpened investor sensitivity to the notes. ([ir.advancedenergy.com](https://ir.advancedenergy.com/media/document/88ba3324-85ed-456a-8f13-aba611a23288/assets/AEIS_2026_Q1_Convert_Dilution_Slide.pdf?disposition=inline))
  • The backdrop was also weak for chip-related equities, with AI and semiconductor stocks under pressure across the market on June 26. ([apnews.com](https://apnews.com/article/e356760ec69cab916e53a9804336b845?utm_source=openai))
  • Sources:

    Advanced Energy Investor Relations, SEC, Associated Press

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $AEIS Insider Trading Activity

    AEIS Insider Trades

    $AEIS insiders have traded $AEIS stock on the open market 31 times in the past 6 months. Of those trades, 0 have been purchases and 31 have been sales.

    Here’s a breakdown of recent trading of $AEIS stock by insiders over the last 6 months:

    • STEPHEN DOUGLAS KELLEY (President and CEO) has made 0 purchases and 13 sales selling 50,000 shares for an estimated $15,830,828.
    • JOHN A ROUSH has made 0 purchases and 7 sales selling 10,225 shares for an estimated $3,308,396.
    • PAUL R OLDHAM (EVP, CFO) sold 4,314 shares for an estimated $1,363,180
    • BRIAN SHIRLEY has made 0 purchases and 2 sales selling 2,468 shares for an estimated $842,254.
    • ELIZABETH KARPINSKI VONNE (EVP, General Counsel) has made 0 purchases and 3 sales selling 1,930 shares for an estimated $673,437.
    • LANESHA MINNIX sold 1,000 shares for an estimated $316,625
    • ANNE DELSANTO has made 0 purchases and 4 sales selling 960 shares for an estimated $300,276.

    To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

    $AEIS Hedge Fund Activity

    We have seen 306 institutional investors add shares of $AEIS stock to their portfolio, and 265 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • WHALE ROCK CAPITAL MANAGEMENT LLC added 1,022,112 shares (+inf%) to their portfolio in Q1 2026, for an estimated $329,845,763
    • BLACKROCK, INC. added 385,714 shares (+6.3%) to their portfolio in Q1 2026, for an estimated $124,473,764
    • AMERIPRISE FINANCIAL INC removed 331,595 shares (-20.2%) from their portfolio in Q1 2026, for an estimated $107,009,022
    • FMR LLC removed 285,971 shares (-15.3%) from their portfolio in Q1 2026, for an estimated $92,285,701
    • TD ASSET MANAGEMENT INC added 206,814 shares (+2483.4%) to their portfolio in Q1 2026, for an estimated $66,740,945
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 195,535 shares (-83.0%) from their portfolio in Q4 2025, for an estimated $40,939,162
    • MACQUARIE GROUP LTD removed 195,177 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $40,864,208

    To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

    $AEIS Congressional Stock Trading

    Members of Congress have traded $AEIS stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

    Here’s a breakdown of recent trading of $AEIS stock by members of Congress over the last 6 months:

    To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

    $AEIS Analyst Ratings

    Wall Street analysts have issued reports on $AEIS in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

    Here are some recent analyst ratings:

    • Needham issued a "Buy" rating on 02/11/2026

    To track analyst ratings and price targets for $AEIS, check out Quiver Quantitative's $AEIS forecast page.

    $AEIS Price Targets

    Multiple analysts have issued price targets for $AEIS recently. We have seen 11 analysts offer price targets for $AEIS in the last 6 months, with a median target of $400.0.

    Here are some recent targets:

    • Duksan Jang from B of A Securities set a target price of $450.0 on 06/23/2026
    • Matthew Prisco from Cantor Fitzgerald set a target price of $400.0 on 06/11/2026
    • Elizabeth Sun from Citigroup set a target price of $410.0 on 05/06/2026
    • Robert Mason from Baird set a target price of $380.0 on 05/05/2026
    • James Ricchiuti from Needham set a target price of $400.0 on 05/05/2026
    • Joe Quatrochi from Wells Fargo set a target price of $345.0 on 05/05/2026
    • Mehdi Hosseini from Susquehanna set a target price of $430.0 on 05/05/2026

    This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.

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