Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Royce & Associates LP

Royce & Associates LP lowered its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 7.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,626 shares of the electronics maker's stock after selling 5,030 shares during the quarter. Royce & Associates LP owned about 0.17% of Advanced Energy Industries worth $7,357,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its stake in shares of Advanced Energy Industries by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock valued at $53,204,000 after purchasing an additional 18,533 shares during the period. Fort Washington Investment Advisors Inc. OH increased its stake in Advanced Energy Industries by 10.2% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker's stock worth $16,137,000 after buying an additional 12,860 shares during the period. Proficio Capital Partners LLC acquired a new position in Advanced Energy Industries in the 4th quarter worth $3,971,000. 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 buying an additional 12,774 shares in the last quarter. Finally, Amundi boosted its position in Advanced Energy Industries by 192.6% in the 4th quarter. Amundi now owns 19,405 shares of the electronics maker's stock valued at $2,303,000 after buying an additional 12,773 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

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Analysts Set New Price Targets

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

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS traded down $0.57 during trading on Friday, reaching $105.26. 701,230 shares of the company's stock traded hands, compared to its average volume of 223,040. The stock has a market capitalization of $3.99 billion, a P/E ratio of 73.61, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 12 month low of $89.12 and a 12 month high of $132.16. The company has a 50 day moving average of $115.44 and a 200-day moving average of $112.02. 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 issued its earnings results 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 net margin of 3.66% and a return on equity of 8.90%. On average, equities analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries's payout ratio is 27.97%.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the sale, the director now directly owns 3,492 shares in the company, valued at $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction 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 sale, the chief operating officer now directly owns 19,822 shares in the company, valued at $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 currently owned by company 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.