New York Life Investment Management LLC Has $374,000 Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

New York Life Investment Management LLC decreased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEISFree Report) by 13.7% in the 3rd quarter, Holdings Channel reports. The fund owned 3,627 shares of the electronics maker’s stock after selling 578 shares during the period. New York Life Investment Management LLC’s holdings in Advanced Energy Industries were worth $374,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Point72 Middle East FZE acquired a new position in Advanced Energy Industries during the fourth quarter worth about $29,000. Exchange Traded Concepts LLC acquired a new position in shares of Advanced Energy Industries in the third quarter valued at approximately $48,000. Tower Research Capital LLC TRC increased its stake in shares of Advanced Energy Industries by 193.5% in the first quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock valued at $49,000 after buying an additional 329 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Advanced Energy Industries in the first quarter valued at approximately $49,000. Finally, Coppell Advisory Solutions Corp. acquired a new position in shares of Advanced Energy Industries in the fourth quarter valued at approximately $90,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Ronald C. Foster sold 1,000 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the director now directly owns 618 shares in the company, valued at approximately $58,710. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold a total of 2,914 shares of company stock worth $286,339 in the last ninety days. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $104.77 on Monday. The stock has a market capitalization of $3.91 billion, a price-to-earnings ratio of 30.81, a PEG ratio of 2.38 and a beta of 1.58. Advanced Energy Industries, Inc. has a 52-week low of $81.86 and a 52-week high of $126.38. The stock’s 50 day moving average price is $104.79 and its two-hundred day moving average price is $103.42. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.16 and a current ratio of 5.10.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Monday, February 19th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend is Thursday, February 15th. Advanced Energy Industries’s dividend payout ratio is currently 11.76%.

Analyst Ratings Changes

AEIS has been the subject of several recent research reports. Seaport Res Ptn reaffirmed a “neutral” rating on shares of Advanced Energy Industries in a research note on Wednesday, December 6th. Wells Fargo & Company lowered their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. TheStreet raised Advanced Energy Industries from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Raymond James lowered their price objective on Advanced Energy Industries from $130.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, November 1st. Finally, Bank of America began coverage on Advanced Energy Industries in a research note on Thursday, November 30th. They issued a “neutral” rating and a $105.00 price objective for the company. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Hold” and a consensus price target of $115.14.

Check Out Our Latest Report on AEIS

Advanced Energy Industries Company Profile

(Free Report)

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.

Further Reading

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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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