Advanced Energy Industries, Inc. (NASDAQ:AEIS) Declares Quarterly Dividend of $0.10

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) announced a quarterly dividend on Wednesday, February 5th,RTT News reports. Investors of record on Monday, February 24th will be given a dividend of 0.10 per share by the electronics maker on Friday, March 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. The ex-dividend date is Monday, February 24th.

Advanced Energy Industries has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advanced Energy Industries to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.6%.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS traded up $0.23 on Friday, reaching $123.72. The company's stock had a trading volume of 248,295 shares, compared to its average volume of 268,887. The company has a 50-day simple moving average of $117.29 and a 200 day simple moving average of $110.50. Advanced Energy Industries has a 52-week low of $89.11 and a 52-week high of $130.50. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company has a market cap of $4.66 billion, a P/E ratio of 108.52, a PEG ratio of 3.60 and a beta of 1.45.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings results 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 return on equity of 9.02% and a net margin of 2.91%. As a group, equities research analysts anticipate that Advanced Energy Industries will post 2.52 EPS for the current fiscal year.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on AEIS. Wells Fargo & Company decreased their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday. StockNews.com raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Bank of America upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 target price for the company in a report on Monday, December 16th. Citigroup upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and upped their price target for the company from $110.00 to $138.00 in a report on Monday, January 6th. Finally, Stifel Nicolaus raised their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries has a consensus rating of "Moderate Buy" and an average target price of $126.56.

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.