Jump Financial LLC Buys New Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Jump Financial LLC bought a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,440 shares of the electronics maker’s stock, valued at approximately $266,000.

A number of other hedge funds have also added to or reduced their stakes in AEIS. Los Angeles Capital Management LLC lifted its stake in Advanced Energy Industries by 63.5% in the third quarter. Los Angeles Capital Management LLC now owns 5,483 shares of the electronics maker’s stock valued at $565,000 after acquiring an additional 2,129 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new stake in Advanced Energy Industries in the third quarter valued at $2,322,000. Fort Washington Investment Advisors Inc. OH lifted its stake in Advanced Energy Industries by 2.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 145,468 shares of the electronics maker’s stock valued at $15,001,000 after acquiring an additional 4,060 shares during the last quarter. Arizona State Retirement System lifted its stake in Advanced Energy Industries by 1.6% in the third quarter. Arizona State Retirement System now owns 10,687 shares of the electronics maker’s stock valued at $1,102,000 after acquiring an additional 166 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. lifted its stake in Advanced Energy Industries by 1.0% in the third quarter. Hussman Strategic Advisors Inc. now owns 26,250 shares of the electronics maker’s stock valued at $2,707,000 after acquiring an additional 250 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Up 1.3 %

AEIS opened at $109.46 on Monday. The company has a quick ratio of 4.40, a current ratio of 5.61 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $126.38. The stock has a market capitalization of $4.10 billion, a price-to-earnings ratio of 40.24, a P/E/G ratio of 4.86 and a beta of 1.54. The company has a 50-day simple moving average of $99.14 and a 200 day simple moving average of $100.89.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The firm had revenue of $327.50 million for the quarter, compared to analyst estimates of $351.74 million. During the same quarter in the prior year, the business posted $1.10 EPS. The business’s revenue was down 22.9% on a year-over-year basis. Analysts predict that Advanced Energy Industries, Inc. will post 2.57 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.37%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is presently 14.71%.

Analysts Set New Price Targets

A number of analysts have commented on AEIS shares. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, May 21st. Susquehanna cut their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Benchmark restated a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Citigroup raised their target price on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Wells Fargo & Company cut their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $108.86.

Advanced Energy Industries Company 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.