Neuberger Berman Group LLC Buys Shares of 944,202 Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Neuberger Berman Group LLC bought a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) in the first quarter, HoldingsChannel.com reports. The fund bought 944,202 shares of the electronics maker’s stock, valued at approximately $81,277,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Cim LLC acquired a new position in Advanced Energy Industries in the first quarter valued at approximately $311,000. Nisa Investment Advisors LLC acquired a new position in Advanced Energy Industries in the first quarter valued at approximately $448,000. Geode Capital Management LLC boosted its stake in Advanced Energy Industries by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 652,023 shares of the electronics maker’s stock valued at $59,373,000 after acquiring an additional 2,968 shares during the period. Point72 Hong Kong Ltd acquired a new position in Advanced Energy Industries in the fourth quarter valued at approximately $105,000. Finally, JPMorgan Chase & Co. boosted its stake in Advanced Energy Industries by 2.4% in the fourth quarter. JPMorgan Chase & Co. now owns 116,870 shares of the electronics maker’s stock valued at $10,643,000 after acquiring an additional 2,725 shares during the period. 98.94% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Trading Down 0.0 %

NASDAQ AEIS opened at $84.33 on Friday. Advanced Energy Industries, Inc. has a twelve month low of $67.55 and a twelve month high of $98.07. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.78 and a current ratio of 2.80. The stock has a market cap of $3.15 billion, a price-to-earnings ratio of 22.43 and a beta of 1.59. The firm’s 50 day moving average price is $88.05 and its two-hundred day moving average price is $82.24.

Advanced Energy Industries (NASDAQ:AEISGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The electronics maker reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.07 by $0.37. Advanced Energy Industries had a net margin of 9.00% and a return on equity of 19.75%. During the same quarter in the previous year, the business posted $1.18 EPS. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 5.24 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Monday, August 22nd were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.47%. The ex-dividend date was Friday, August 19th. Advanced Energy Industries’s dividend payout ratio is currently 10.64%.

Insider Activity

In other news, Director Tina Donikowski sold 1,813 shares of the business’s stock in a transaction on Wednesday, August 17th. The shares were sold at an average price of $94.27, for a total transaction of $170,911.51. Following the transaction, the director now directly owns 7,955 shares in the company, valued at approximately $749,917.85. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

AEIS has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price target on Advanced Energy Industries from $100.00 to $105.00 and gave the company a “buy” rating in a report on Thursday, August 4th. StockNews.com raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Monday, July 18th. Loop Capital initiated coverage on Advanced Energy Industries in a report on Wednesday, June 22nd. They set a “hold” rating and a $78.00 price target on the stock. Raymond James lifted their price target on Advanced Energy Industries from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Finally, Stifel Nicolaus upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and lifted their price target for the stock from $94.00 to $110.00 in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.00.

Advanced Energy Industries Company Profile

(Get Rating)

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

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