Great West Life Assurance Co. Can Takes $3.52 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Great West Life Assurance Co. Can bought a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) during the third quarter, HoldingsChannel reports. The firm bought 45,622 shares of the electronics maker’s stock, valued at approximately $3,524,000.

Other institutional investors have also modified their holdings of the company. Pinebridge Investments L.P. raised its stake in Advanced Energy Industries by 243.0% during the second quarter. Pinebridge Investments L.P. now owns 343 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 243 shares during the period. Wipfli Financial Advisors LLC acquired a new stake in Advanced Energy Industries during the third quarter worth about $25,000. CWM LLC raised its stake in Advanced Energy Industries by 259.3% during the third quarter. CWM LLC now owns 327 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 236 shares during the period. Ellevest Inc. raised its stake in Advanced Energy Industries by 467.6% during the second quarter. Ellevest Inc. now owns 403 shares of the electronics maker’s stock worth $29,000 after acquiring an additional 332 shares during the period. Finally, Amundi acquired a new stake in Advanced Energy Industries during the second quarter worth about $31,000. Institutional investors and hedge funds own 98.72% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on AEIS. Needham & Company LLC increased their price objective on shares of Advanced Energy Industries from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Wednesday, November 2nd. DA Davidson restated a “buy” rating on shares of Advanced Energy Industries in a research note on Tuesday, January 3rd. Benchmark dropped their price target on shares of Advanced Energy Industries from $110.00 to $90.00 in a research note on Wednesday, November 2nd. Citigroup upgraded shares of 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 research note on Friday, November 4th. Finally, StockNews.com lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 28th. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $95.86.

Advanced Energy Industries Trading Up 4.2 %

Advanced Energy Industries stock opened at $95.75 on Tuesday. The firm has a 50 day simple moving average of $89.69 and a 200-day simple moving average of $85.97. 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 stock has a market capitalization of $3.58 billion, a PE ratio of 18.48 and a beta of 1.57. Advanced Energy Industries, Inc. has a 12-month low of $67.55 and a 12-month high of $98.07.

Advanced Energy Industries (NASDAQ:AEISGet Rating) last posted its quarterly earnings data on Tuesday, November 1st. The electronics maker reported $2.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.77. The business had revenue of $516.27 million during the quarter, compared to analysts’ expectations of $444.45 million. Advanced Energy Industries had a net margin of 11.16% and a return on equity of 23.69%. As a group, equities research analysts expect that Advanced Energy Industries, Inc. will post 6.04 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Investors of record on Monday, November 21st were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Friday, November 18th. Advanced Energy Industries’s payout ratio is 7.72%.

About Advanced Energy Industries

(Get Rating)

Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. It offers products used in complex semiconductor and thin film plasma processes such as dry etch, strip, chemical and physical deposition, high and low voltage applications such as process control, analytical instrumentation, and medical equipment, and in temperature-critical thermal applications such as material and chemical processing.

See Also

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

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