Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 4,913,669 shares of the electronics maker’s stock after purchasing an additional 69,908 shares during the quarter. Vanguard Group Inc. owned approximately 0.13% of Advanced Energy Industries worth $568,168,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of AEIS. LPL Financial LLC increased its holdings in Advanced Energy Industries by 16.3% in the fourth quarter. LPL Financial LLC now owns 26,838 shares of the electronics maker’s stock valued at $3,103,000 after buying an additional 3,762 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $856,000. Xponance Inc. increased its holdings in shares of Advanced Energy Industries by 10.3% in the 4th quarter. Xponance Inc. now owns 2,687 shares of the electronics maker’s stock valued at $311,000 after acquiring an additional 251 shares during the last quarter. Intech Investment Management LLC raised its position in shares of Advanced Energy Industries by 83.8% during the 4th quarter. Intech Investment Management LLC now owns 12,550 shares of the electronics maker’s stock valued at $1,451,000 after acquiring an additional 5,723 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in Advanced Energy Industries by 37.8% during the fourth quarter. Signaturefd LLC now owns 1,388 shares of the electronics maker’s stock worth $160,000 after purchasing an additional 381 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on AEIS shares. Stifel Nicolaus boosted their target price on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Monday, December 16th. Robert W. Baird decreased their target price on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Wells Fargo & Company dropped their price target on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Finally, Needham & Company LLC restated a “buy” rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $126.56.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $95.31 on Tuesday. The business has a 50 day simple moving average of $113.28 and a 200 day simple moving average of $112.50. 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 market capitalization of $3.61 billion, a price-to-earnings ratio of 66.65, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 12-month low of $89.12 and a 12-month high of $132.16.

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

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.42%. Advanced Energy Industries’s dividend payout ratio (DPR) is 27.97%.

Insider Transactions at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the sale, the chief operating officer now owns 19,822 shares of the company’s stock, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. This represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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.