Geode Capital Management LLC Boosts Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Geode Capital Management LLC boosted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 1.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 884,402 shares of the electronics maker's stock after buying an additional 15,030 shares during the period. Geode Capital Management LLC owned approximately 2.35% of Advanced Energy Industries worth $93,094,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Huntington National Bank boosted its position in shares of 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 buying an additional 208 shares during the period. Quantbot Technologies LP bought a new stake in shares of Advanced Energy Industries during the 3rd quarter worth approximately $41,000. Meeder Asset Management Inc. boosted its holdings in Advanced Energy Industries by 68.4% during 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 during the period. Canada Pension Plan Investment Board bought a new position in Advanced Energy Industries in the 2nd quarter valued at $87,000. Finally, Blue Trust Inc. grew its position in Advanced Energy Industries by 2,150.0% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker's stock valued at $88,000 after acquiring an additional 774 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AEIS has been the topic of a number of research analyst reports. Robert W. Baird upped their price target on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Needham & Company LLC reaffirmed a "hold" rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. TD Cowen lowered their price target on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Wells Fargo & Company increased their price objective on Advanced Energy Industries from $98.00 to $105.00 and gave the stock an "equal weight" rating in a research note on Friday, December 6th. Finally, Baird R W raised Advanced Energy Industries to a "strong-buy" rating in a research report on Friday, September 20th. Six analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $120.25.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the business's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.87% of the company's stock.

Advanced Energy Industries Stock Down 0.8 %

Shares of Advanced Energy Industries stock traded down $0.93 during trading on Friday, reaching $113.00. The company's stock had a trading volume of 475,450 shares, compared to its average volume of 214,559. The company has a 50-day simple moving average of $113.34 and a two-hundred day simple moving average of $108.31. Advanced Energy Industries, Inc. has a 1-year low of $89.11 and a 1-year high of $124.48. The company has a market cap of $4.26 billion, a price-to-earnings ratio of 99.12, a P/E/G ratio of 6.92 and a beta of 1.47. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to analysts' expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries's revenue for the quarter was down 8.7% on a year-over-year basis. During the same period last year, the business earned $1.12 EPS. As a group, equities analysts forecast that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. Advanced Energy Industries's dividend payout ratio is currently 35.09%.

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.