Cibc World Markets Corp Invests $405,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Cibc World Markets Corp acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,502 shares of the electronics maker’s stock, valued at approximately $405,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Advanced Energy Industries by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after buying an additional 15,030 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after buying an additional 53,566 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Advanced Energy Industries by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock worth $53,204,000 after buying an additional 18,533 shares during the last quarter. Lord Abbett & CO. LLC increased its holdings in shares of Advanced Energy Industries by 6.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker’s stock worth $42,483,000 after buying an additional 23,395 shares during the last quarter. Finally, Fisher Asset Management LLC increased its holdings in shares of Advanced Energy Industries by 23.8% during the 4th quarter. Fisher Asset Management LLC now owns 155,688 shares of the electronics maker’s stock worth $18,002,000 after buying an additional 29,969 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Monday, December 16th. Stifel Nicolaus upped their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, Robert W. Baird decreased their price target on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and an average target price of $126.56.

Insider Transactions at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the transaction, the chief operating officer now owns 19,822 shares of the company’s stock, valued at approximately $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the transaction, the director now directly owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $105.26 on Monday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The firm has a 50-day moving average of $115.44 and a two-hundred day moving average of $112.21. The stock has a market cap of $3.99 billion, a P/E ratio of 73.61, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 1-year low of $89.12 and a 1-year high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. On average, research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Advanced Energy Industries’s payout ratio is 27.97%.

Advanced Energy Industries 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.