34,342 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 34,342 shares of the electronics maker's stock, valued at approximately $3,971,000. Proficio Capital Partners LLC owned about 0.09% of Advanced Energy Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. State of New Jersey Common Pension Fund D lifted its stake in shares of Advanced Energy Industries by 1.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,090 shares of the electronics maker's stock worth $1,904,000 after acquiring an additional 260 shares during the period. Huntington National Bank lifted its stake in Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 208 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock valued at $48,000 after acquiring an additional 186 shares in the last quarter. Segall Bryant & Hamill LLC lifted its position in shares of Advanced Energy Industries by 24.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 136,897 shares of the electronics maker's stock valued at $14,407,000 after acquiring an additional 26,782 shares in the last quarter. Finally, Commerce Bank lifted its position in shares of Advanced Energy Industries by 34.0% in the 3rd quarter. Commerce Bank now owns 3,327 shares of the electronics maker's stock valued at $350,000 after acquiring an additional 845 shares in the last quarter. Institutional investors own 99.67% of the company's stock.

Remove Ads

Insider Activity

In related news, Director Lanesha Minnix sold 1,600 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the transaction, the director now directly owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AEIS shares. Stifel Nicolaus upped their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on shares of Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Bank of America raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a report on Monday, December 16th. Needham & Company LLC reissued a "buy" rating and issued a $145.00 price target on shares of Advanced Energy Industries in a report on Thursday, February 13th. Finally, Citigroup raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Advanced Energy Industries presently has an average rating of "Moderate Buy" and an average price target of $126.56.

Advanced Energy Industries Stock Performance

NASDAQ AEIS traded down $0.57 on Friday, hitting $105.26. 659,876 shares of the stock were exchanged, compared to its average volume of 222,997. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The business's fifty day moving average is $115.70 and its 200 day moving average is $112.03. Advanced Energy Industries, Inc. has a 52 week low of $89.12 and a 52 week high of $132.16. The company has a market capitalization of $3.99 billion, a PE ratio of 73.61, a P/E/G ratio of 1.39 and a beta of 1.43.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries's payout ratio is presently 27.97%.

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.