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

Raymond James Financial Inc. bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 85,305 shares of the electronics maker's stock, valued at approximately $9,864,000. Raymond James Financial Inc. owned about 0.23% of Advanced Energy Industries at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Nisa Investment Advisors LLC boosted its position in Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker's stock worth $579,000 after purchasing an additional 85 shares in the last quarter. Integrated Investment Consultants LLC lifted its stake in shares of Advanced Energy Industries by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker's stock valued at $531,000 after purchasing an additional 100 shares during the period. Stifel Financial Corp boosted its holdings in Advanced Energy Industries by 1.0% during the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker's stock worth $1,132,000 after buying an additional 102 shares in the last quarter. Heritage Family Offices LLP grew its position in Advanced Energy Industries by 6.1% during the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker's stock valued at $233,000 after buying an additional 116 shares during the period. Finally, Principal Securities Inc. increased its holdings in Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock valued at $114,000 after buying an additional 137 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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Advanced Energy Industries Price Performance

AEIS stock traded up $0.94 during mid-day trading on Tuesday, reaching $108.11. The company's stock had a trading volume of 388,252 shares, compared to its average volume of 223,397. The stock has a market cap of $4.10 billion, a PE ratio of 75.60, a P/E/G ratio of 1.39 and a beta of 1.43. The company's 50 day moving average is $115.24 and its two-hundred day moving average is $112.29. Advanced Energy Industries, Inc. has a fifty-two week low of $89.12 and a fifty-two week high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47.

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 analysts' consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were given a $0.10 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.40 annualized dividend and a yield of 0.37%. Advanced Energy Industries's payout ratio is 27.97%.

Analyst Ratings Changes

Several research firms have recently issued reports on AEIS. Bank of America raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Monday, December 16th. Wells Fargo & Company lowered their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Robert W. Baird reduced their target price on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Stifel Nicolaus increased their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Needham & Company LLC reissued a "buy" rating and set a $145.00 target price on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $126.56.

Insiders Place Their Bets

In related news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

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.