JPMorgan Chase & Co. boosted its position in shares of American Superconductor Corporation (NASDAQ:AMSC – Free Report) by 106.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 114,888 shares of the technology company’s stock after purchasing an additional 59,251 shares during the period. JPMorgan Chase & Co. owned 0.25% of American Superconductor worth $6,823,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of AMSC. Campbell Newman Asset Management Inc. raised its stake in shares of American Superconductor by 0.5% during the 3rd quarter. Campbell Newman Asset Management Inc. now owns 65,365 shares of the technology company’s stock worth $3,882,000 after purchasing an additional 354 shares in the last quarter. Arizona State Retirement System increased its holdings in American Superconductor by 3.6% in the third quarter. Arizona State Retirement System now owns 12,883 shares of the technology company’s stock worth $765,000 after buying an additional 442 shares during the last quarter. Stephens Inc. AR increased its holdings in American Superconductor by 6.3% in the third quarter. Stephens Inc. AR now owns 8,500 shares of the technology company’s stock worth $505,000 after buying an additional 500 shares during the last quarter. PNC Financial Services Group Inc. raised its position in American Superconductor by 13.6% during the third quarter. PNC Financial Services Group Inc. now owns 4,542 shares of the technology company’s stock valued at $270,000 after acquiring an additional 542 shares in the last quarter. Finally, Ameritas Investment Partners Inc. lifted its stake in American Superconductor by 16.6% in the second quarter. Ameritas Investment Partners Inc. now owns 3,900 shares of the technology company’s stock valued at $143,000 after acquiring an additional 555 shares during the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several brokerages have recently commented on AMSC. Wall Street Zen lowered shares of American Superconductor from a “buy” rating to a “hold” rating in a research note on Saturday, January 17th. Zacks Research cut shares of American Superconductor from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 5th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of American Superconductor in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, American Superconductor presently has an average rating of “Hold”.
American Superconductor Stock Performance
Shares of AMSC opened at $33.85 on Wednesday. The company has a market capitalization of $1.61 billion, a PE ratio of 11.55 and a beta of 2.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.66 and a quick ratio of 1.80. American Superconductor Corporation has a one year low of $13.98 and a one year high of $70.49. The company’s fifty day moving average price is $31.68 and its 200 day moving average price is $39.24.
American Superconductor (NASDAQ:AMSC – Get Free Report) last released its quarterly earnings results on Wednesday, February 4th. The technology company reported $2.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $2.60. The company had revenue of $74.53 million during the quarter, compared to analysts’ expectations of $69.03 million. American Superconductor had a net margin of 46.70% and a return on equity of 37.97%. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.16 earnings per share. American Superconductor has set its Q4 2025 guidance at 0.170- EPS. As a group, analysts expect that American Superconductor Corporation will post 0.41 earnings per share for the current year.
American Superconductor Profile
American Superconductor Corporation (NASDAQ:AMSC) is a technology company specializing in power electronics and high-temperature superconductor systems. Founded in 1987 and headquartered in Devens, Massachusetts, AMSC develops hardware and software solutions aimed at improving the efficiency, reliability and stability of electric power systems and renewable energy infrastructure. The company’s engineering expertise spans from the lab scale to full commercial deployment, with a focus on tackling grid integration challenges for utilities and independent power producers.
AMSC’s portfolio includes superconducting wire and cryogenic systems, power grid stabilization devices, and turnkey wind turbine electronics.
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