Alpha DNA Investment Management LLC Takes $487,000 Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Alpha DNA Investment Management LLC bought a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,208 shares of the electronics maker's stock, valued at approximately $487,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AEIS. Versant Capital Management Inc lifted its position in Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 182 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after buying an additional 135 shares in the last quarter. Venturi Wealth Management LLC purchased a new position in Advanced Energy Industries in the 4th quarter worth about $74,000. Blue Trust Inc. lifted its stake in Advanced Energy Industries by 26.3% during the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock valued at $108,000 after acquiring an additional 213 shares during the period. Finally, Principal Securities Inc. lifted its stake in Advanced Energy Industries by 16.1% during the 4th quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock valued at $114,000 after acquiring an additional 137 shares during the period. Institutional investors own 99.67% of the company's stock.

Insider Buying and Selling at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction that occurred on 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 completion of 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at $451,760.04. This represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Advanced Energy Industries Price Performance

Shares of AEIS stock traded up $1.22 on Friday, hitting $86.79. 281,058 shares of the stock traded hands, compared to its average volume of 252,089. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $132.16. The firm has a 50 day simple moving average of $104.06 and a two-hundred day simple moving average of $110.86. The firm has a market cap of $3.29 billion, a price-to-earnings ratio of 60.69, a PEG ratio of 1.39 and a beta of 1.47.

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

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. Advanced Energy Industries's dividend payout ratio is currently 27.97%.

Analysts Set New Price Targets

AEIS has been the subject of several research reports. Needham & Company LLC reissued a "buy" rating and set a $145.00 price objective on shares of Advanced Energy Industries in a report on Thursday, February 13th. Stifel Nicolaus boosted their target price 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. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and raised their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Robert W. Baird lowered their target price on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Finally, Wells Fargo & Company cut their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $126.56.

About Advanced Energy Industries

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.