Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA decreased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 7.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 434,335 shares of the electronics maker's stock after selling 33,567 shares during the period. Massachusetts Financial Services Co. MA owned 1.15% of Advanced Energy Industries worth $50,222,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Cerity Partners LLC grew its stake in shares of Advanced Energy Industries by 45.7% during the third quarter. Cerity Partners LLC now owns 4,148 shares of the electronics maker's stock worth $436,000 after acquiring an additional 1,302 shares during the last quarter. Quantbot Technologies LP purchased a new stake in Advanced Energy Industries during the 3rd quarter worth approximately $41,000. Captrust Financial Advisors increased its stake in Advanced Energy Industries by 12.3% during the 3rd quarter. Captrust Financial Advisors now owns 8,658 shares of the electronics maker's stock valued at $911,000 after purchasing an additional 946 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of Advanced Energy Industries by 13.8% in the third quarter. Quantinno Capital Management LP now owns 2,995 shares of the electronics maker's stock worth $315,000 after buying an additional 363 shares during the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of 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 during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the transaction, the director now directly owns 3,492 shares in the company, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's 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 $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on AEIS. Bank of America upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 target price for the company in a research note on Monday, December 16th. Wells Fargo & Company reduced their price objective 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. Stifel Nicolaus upped their target price 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. Citigroup raised shares of 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 report on Monday, January 6th. Finally, Robert W. Baird dropped their price objective 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. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Advanced Energy Industries presently has a consensus rating of "Moderate Buy" and an average target price of $126.56.

Advanced Energy Industries Stock Performance

AEIS traded down $10.59 on Thursday, reaching $85.02. The stock had a trading volume of 135,778 shares, compared to its average volume of 245,985. The business's 50-day moving average price is $107.56 and its two-hundred day moving average price is $111.56. 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, Inc. has a 12-month low of $75.01 and a 12-month high of $132.16. The company has a market cap of $3.22 billion, a P/E ratio of 59.72, a price-to-earnings-growth ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (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%. Sell-side analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business 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 0.47%. Advanced Energy Industries's dividend payout ratio is currently 27.97%.

Advanced Energy Industries 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.