Federated Hermes Inc. Trims Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Federated Hermes Inc. decreased its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 34,300 shares of the electronics maker’s stock after selling 157 shares during the quarter. Federated Hermes Inc. owned approximately 0.09% of Advanced Energy Industries worth $3,736,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in AEIS. FMR LLC raised its stake in shares of Advanced Energy Industries by 16.8% during the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock valued at $415,262,000 after acquiring an additional 577,765 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Advanced Energy Industries by 1,005.2% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 346,271 shares of the electronics maker’s stock valued at $35,707,000 after purchasing an additional 314,941 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Advanced Energy Industries by 61.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock worth $24,021,000 after buying an additional 88,267 shares during the period. Peregrine Capital Management LLC bought a new position in shares of Advanced Energy Industries during the 4th quarter worth $7,856,000. Finally, Vanguard Group Inc. increased its stake in shares of Advanced Energy Industries by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock valued at $457,600,000 after buying an additional 37,231 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Hold” and a consensus price target of $115.14.

Advanced Energy Industries Trading Up 2.3 %

Shares of NASDAQ:AEIS opened at $95.96 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. The firm has a market capitalization of $3.58 billion, a P/E ratio of 28.22, a P/E/G ratio of 3.25 and a beta of 1.55. The business’s 50-day moving average is $98.15 and its 200 day moving average is $99.22. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, beating the consensus estimate of $0.97 by $0.10. The firm had revenue of $405.27 million during the quarter, compared to analyst estimates of $407.66 million. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. On average, research analysts predict that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a dividend of $0.10 per share. The ex-dividend date was Thursday, February 15th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Advanced Energy Industries’s payout ratio is currently 11.76%.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.