Advanced Energy Industries, Inc. (AEIS) to Issue Quarterly Dividend of $0.10 on March 1st

Advanced Energy Industries, Inc. (NASDAQ:AEISGet Free Report) declared a quarterly dividend on Friday, February 9th, Zacks reports. Shareholders of record on Monday, February 19th will be paid a dividend of 0.10 per share by the electronics maker on Friday, March 1st. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date is Thursday, February 15th.

Advanced Energy Industries has a payout ratio of 5.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Energy Industries to earn $6.11 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 6.5%.

Advanced Energy Industries Price Performance

NASDAQ AEIS opened at $104.77 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.16 and a current ratio of 5.10. The firm’s 50 day moving average price is $104.79 and its 200-day moving average price is $103.52. Advanced Energy Industries has a 52-week low of $81.86 and a 52-week high of $126.38. The company has a market cap of $3.91 billion, a PE ratio of 30.81, a P/E/G ratio of 2.29 and a beta of 1.58.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Seaport Res Ptn reissued a “neutral” rating on shares of Advanced Energy Industries in a research report on Wednesday, December 6th. Raymond James decreased their target price on shares of Advanced Energy Industries from $130.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, November 1st. Susquehanna decreased their target price on shares of Advanced Energy Industries from $110.00 to $95.00 and set a “neutral” rating for the company in a research report on Wednesday, November 1st. Finally, Wells Fargo & Company dropped their price target on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries currently has a consensus rating of “Hold” and an average target price of $115.14.

Read Our Latest Stock Report on AEIS

Insider Activity

In other news, Director Ronald C. Foster sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $95.00, for a total value of $95,000.00. Following the transaction, the director now directly owns 1,618 shares of the company’s stock, valued at $153,710. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 2,914 shares of company stock worth $286,339 over the last 90 days. 2.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Advanced Energy Industries

Institutional investors have recently bought and sold shares of the company. Point72 Middle East FZE purchased a new position in Advanced Energy Industries during the fourth quarter worth about $29,000. Tower Research Capital LLC TRC raised its stake in Advanced Energy Industries by 193.5% during the first quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock worth $49,000 after purchasing an additional 329 shares during the period. Acadian Asset Management LLC purchased a new position in Advanced Energy Industries during the first quarter worth about $49,000. Coppell Advisory Solutions Corp. purchased a new stake in shares of Advanced Energy Industries in the 4th quarter valued at approximately $90,000. Finally, Captrust Financial Advisors raised its stake in shares of Advanced Energy Industries by 195.5% in the 1st quarter. Captrust Financial Advisors now owns 1,501 shares of the electronics maker’s stock valued at $129,000 after acquiring an additional 993 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for Advanced Energy Industries (NASDAQ:AEIS)

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