Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stock Position Raised by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its position in Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,086 shares of the electronics maker’s stock after buying an additional 115 shares during the quarter. Baird Financial Group Inc.’s holdings in Advanced Energy Industries were worth $444,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Nisa Investment Advisors LLC bought a new stake in Advanced Energy Industries during the 1st quarter valued at approximately $448,000. Royce & Associates LP grew its position in Advanced Energy Industries by 3.4% in the 1st quarter. Royce & Associates LP now owns 209,988 shares of the electronics maker’s stock worth $18,076,000 after purchasing an additional 6,961 shares during the last quarter. Natixis Advisors L.P. raised its position in shares of Advanced Energy Industries by 2.3% during the first quarter. Natixis Advisors L.P. now owns 65,901 shares of the electronics maker’s stock valued at $5,673,000 after buying an additional 1,469 shares during the last quarter. Foundry Partners LLC raised its stake in shares of Advanced Energy Industries by 1.4% in the 2nd quarter. Foundry Partners LLC now owns 45,740 shares of the electronics maker’s stock valued at $3,338,000 after buying an additional 624 shares in the last quarter. Finally, Neuberger Berman Group LLC bought a new position in Advanced Energy Industries during the first quarter worth about $81,277,000. Institutional investors and hedge funds own 98.94% of the company’s stock.

Advanced Energy Industries Trading Up 0.2 %

AEIS opened at $89.49 on Tuesday. Advanced Energy Industries, Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $98.07. The company has a market cap of $3.35 billion, a price-to-earnings ratio of 17.28 and a beta of 1.53. The company has a debt-to-equity ratio of 0.36, a current ratio of 2.73 and a quick ratio of 1.78. The firm has a 50 day simple moving average of $80.70 and a 200 day simple moving average of $81.64.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Monday, November 21st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date is Friday, November 18th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 7.72%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AEIS. Stifel Nicolaus raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and lifted their price target for the company from $94.00 to $110.00 in a report on Friday, August 5th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and dropped their price target for the company from $100.00 to $95.00 in a report on Friday, November 4th. TheStreet raised Advanced Energy Industries from a “c+” rating to a “b-” rating in a research note on Friday, August 5th. StockNews.com raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Wednesday, November 2nd. Finally, Raymond James boosted their price objective on shares of Advanced Energy Industries from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Thursday, August 4th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries has an average rating of “Moderate Buy” and an average price target of $95.86.

About Advanced Energy Industries

(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.

Further Reading

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

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