Intech Investment Management LLC Raises Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Intech Investment Management LLC raised its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 83.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,550 shares of the electronics maker's stock after purchasing an additional 5,723 shares during the quarter. Intech Investment Management LLC's holdings in Advanced Energy Industries were worth $1,451,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AEIS. Charles Schwab Investment Management Inc. boosted its holdings in Advanced Energy Industries by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock worth $53,204,000 after buying an additional 18,533 shares during the period. Fort Washington Investment Advisors Inc. OH boosted its stake in shares of Advanced Energy Industries by 10.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker's stock worth $16,137,000 after acquiring an additional 12,860 shares during the period. Proficio Capital Partners LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $3,971,000. Amundi raised its stake in Advanced Energy Industries by 192.6% during the 4th quarter. Amundi now owns 19,405 shares of the electronics maker's stock valued at $2,303,000 after purchasing an additional 12,773 shares during the period. Finally, M&T Bank Corp lifted its holdings in Advanced Energy Industries by 99.9% in the 4th quarter. M&T Bank Corp now owns 25,564 shares of the electronics maker's stock worth $2,956,000 after purchasing an additional 12,774 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

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Insider Transactions at Advanced Energy Industries

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

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on AEIS shares. 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 report on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Stifel Nicolaus raised their price objective on Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company reduced their target price on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Finally, Bank of America raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Monday, December 16th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.56.

Advanced Energy Industries Trading Down 2.8 %

Shares of Advanced Energy Industries stock traded down $2.99 on Wednesday, reaching $105.12. The company had a trading volume of 298,618 shares, compared to its average volume of 224,485. The firm's 50-day moving average price is $115.04 and its two-hundred day moving average price is $112.39. Advanced Energy Industries, Inc. has a 1 year low of $89.12 and a 1 year high of $132.16. The firm has a market cap of $3.98 billion, a price-to-earnings ratio of 73.51, a P/E/G ratio of 1.39 and a beta of 1.43. 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 (NASDAQ:AEIS - Get Free Report) last posted 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 return on equity of 8.90% and a net margin of 3.66%. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. Advanced Energy Industries's dividend payout ratio is 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.