State of New Jersey Common Pension Fund D Buys 4,650 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

State of New Jersey Common Pension Fund D grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 22.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 25,799 shares of the electronics maker’s stock after buying an additional 4,650 shares during the quarter. State of New Jersey Common Pension Fund D owned 0.07% of Advanced Energy Industries worth $2,810,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of Advanced Energy Industries by 0.8% during the third quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock valued at $457,600,000 after buying an additional 37,231 shares during the last quarter. FMR LLC grew its stake in shares of Advanced Energy Industries by 16.8% in the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after purchasing an additional 577,765 shares during the last quarter. Earnest Partners LLC grew its stake in shares of Advanced Energy Industries by 0.5% in the third quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after purchasing an additional 7,701 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of Advanced Energy Industries by 4.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock worth $45,991,000 after purchasing an additional 17,290 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Advanced Energy Industries by 7.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 395,884 shares of the electronics maker’s stock worth $40,824,000 after purchasing an additional 27,041 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Wells Fargo & Company cut their target price on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Hold” and an average price target of $115.14.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $97.62 on Tuesday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10. Advanced Energy Industries, Inc. has a one year low of $81.86 and a one year high of $126.38. The company has a 50-day simple moving average of $98.03 and a two-hundred day simple moving average of $99.17. The firm has a market capitalization of $3.64 billion, a PE ratio of 28.71, a price-to-earnings-growth ratio of 3.36 and a beta of 1.56.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 EPS for the quarter, topping the consensus estimate of $0.97 by $0.10. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. The business had revenue of $405.27 million during the quarter, compared to analyst estimates of $407.66 million. On average, analysts anticipate that Advanced Energy Industries, Inc. will post 2.88 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a $0.10 dividend. The ex-dividend date is Thursday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.41%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 11.76%.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.