Phocas Financial Corp. lessened its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 0.6% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 64,799 shares of the electronics maker’s stock after selling 370 shares during the period. Phocas Financial Corp. owned about 0.17% of Advanced Energy Industries worth $7,222,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Cim Investment Management Inc. raised its stake in Advanced Energy Industries by 3.5% in the first quarter. Cim Investment Management Inc. now owns 3,766 shares of the electronics maker’s stock valued at $369,000 after buying an additional 129 shares during the period. Bank of Montreal Can raised its stake in Advanced Energy Industries by 0.8% in the first quarter. Bank of Montreal Can now owns 18,239 shares of the electronics maker’s stock valued at $1,678,000 after buying an additional 136 shares during the period. Pitcairn Co. raised its stake in Advanced Energy Industries by 3.6% in the fourth quarter. Pitcairn Co. now owns 4,176 shares of the electronics maker’s stock valued at $358,000 after buying an additional 146 shares during the period. Commonwealth Equity Services LLC raised its stake in Advanced Energy Industries by 1.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,474 shares of the electronics maker’s stock valued at $898,000 after buying an additional 156 shares during the period. Finally, Fifth Third Bancorp raised its stake in Advanced Energy Industries by 78.1% in the first quarter. Fifth Third Bancorp now owns 390 shares of the electronics maker’s stock valued at $38,000 after buying an additional 171 shares during the period. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Price Performance
Shares of AEIS stock traded down $0.73 during trading hours on Tuesday, reaching $102.70. The company’s stock had a trading volume of 19,831 shares, compared to its average volume of 201,529. The firm’s 50 day simple moving average is $114.43 and its 200-day simple moving average is $102.73. The company has a market capitalization of $3.87 billion, a price-to-earnings ratio of 22.15 and a beta of 1.58. Advanced Energy Industries, Inc. has a fifty-two week low of $68.00 and a fifty-two week high of $126.38. The company has a quick ratio of 2.51, a current ratio of 3.80 and a debt-to-equity ratio of 0.31.
Advanced Energy Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Monday, August 21st were given a dividend of $0.10 per share. The ex-dividend date was Friday, August 18th. This represents a $0.40 annualized dividend and a yield of 0.39%. Advanced Energy Industries’s payout ratio is 8.57%.
Analyst Upgrades and Downgrades
AEIS has been the topic of several research analyst reports. KeyCorp upped their price objective on Advanced Energy Industries from $125.00 to $130.00 and gave the company an “overweight” rating in a research note on Tuesday, July 18th. Raymond James increased their target price on Advanced Energy Industries from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Friday, August 4th. Citigroup increased their target price on Advanced Energy Industries from $114.00 to $134.00 and gave the stock a “buy” rating in a research note on Monday, August 7th. Benchmark reiterated a “buy” rating and set a $135.00 target price on shares of Advanced Energy Industries in a research note on Friday. Finally, StockNews.com initiated coverage on Advanced Energy Industries in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of “Moderate Buy” and an average target price of $121.57.
Insider Buying and Selling at Advanced Energy Industries
In related news, Director Ronald C. Foster sold 2,000 shares of the stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $110.92, for a total value of $221,840.00. Following the completion of the transaction, the director now directly owns 7,618 shares of the company’s stock, valued at $844,988.56. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CFO Paul R. Oldham sold 3,080 shares of the firm’s stock in a transaction that occurred on Thursday, June 29th. The shares were sold at an average price of $110.00, for a total value of $338,800.00. Following the sale, the chief financial officer now owns 32,434 shares in the company, valued at $3,567,740. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ronald C. Foster sold 2,000 shares of Advanced Energy Industries stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $110.92, for a total transaction of $221,840.00. Following the transaction, the director now owns 7,618 shares in the company, valued at approximately $844,988.56. The disclosure for this sale can be found here. Insiders sold a total of 9,080 shares of company stock worth $1,044,520 over the last three months. Company insiders own 2.00% of the company’s stock.
About Advanced Energy Industries
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, and high voltage systems, as well as radio frequency (RF) power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.
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