Steward Partners Investment Advisory LLC boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Rating) by 14.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,257 shares of the electronics maker’s stock after buying an additional 289 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Advanced Energy Industries were worth $194,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of AEIS. NN Investment Partners Holdings N.V. raised its position in Advanced Energy Industries by 16.7% in the 4th quarter. NN Investment Partners Holdings N.V. now owns 14,062 shares of the electronics maker’s stock valued at $1,281,000 after buying an additional 2,016 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Advanced Energy Industries in the 4th quarter valued at approximately $1,626,000. Yousif Capital Management LLC acquired a new stake in Advanced Energy Industries in the 4th quarter valued at approximately $3,165,000. Dupont Capital Management Corp acquired a new stake in Advanced Energy Industries in the 4th quarter valued at approximately $1,042,000. Finally, Qube Research & Technologies Ltd acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $539,000. Institutional investors and hedge funds own 97.42% of the company’s stock.
Analyst Upgrades and Downgrades
AEIS has been the topic of several recent analyst reports. StockNews.com raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Monday, July 18th. TheStreet lowered Advanced Energy Industries from a “b” rating to a “c+” rating in a research report on Tuesday, May 24th. Raymond James lowered their price target on Advanced Energy Industries from $112.00 to $100.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 12th. Needham & Company LLC lowered their price target on Advanced Energy Industries from $120.00 to $100.00 in a research report on Thursday, May 5th. Finally, Loop Capital assumed coverage on Advanced Energy Industries in a research report on Wednesday, June 22nd. They set a “hold” rating and a $78.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $102.00.
Advanced Energy Industries Stock Performance
Advanced Energy Industries (NASDAQ:AEIS – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The electronics maker reported $1.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.31. The business had revenue of $397.46 million during the quarter, compared to the consensus estimate of $360.57 million. Advanced Energy Industries had a return on equity of 19.47% and a net margin of 8.85%. The firm’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.18 EPS. Research analysts expect that Advanced Energy Industries, Inc. will post 4.94 EPS for the current year.
Advanced Energy Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 3rd. Stockholders of record on Monday, May 23rd were given a dividend of $0.10 per share. The ex-dividend date was Friday, May 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. Advanced Energy Industries’s payout ratio is 11.46%.
In other news, Director Lanesha Minnix sold 725 shares of the company’s stock in a transaction on Monday, May 9th. The stock was sold at an average price of $75.81, for a total transaction of $54,962.25. Following the completion of the sale, the director now directly owns 4,896 shares in the company, valued at approximately $371,165.76. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.
Advanced Energy Industries Company Profile
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, high voltage, and radio frequency (RF) power supplies, as well as RF power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.
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