Verition Fund Management LLC Has $296,000 Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Verition Fund Management LLC decreased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 73.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,813 shares of the electronics maker's stock after selling 7,956 shares during the quarter. Verition Fund Management LLC's holdings in Advanced Energy Industries were worth $296,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Azzad Asset Management Inc. ADV boosted its position in Advanced Energy Industries by 1.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker's stock valued at $796,000 after purchasing an additional 124 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker's stock valued at $263,000 after purchasing an additional 130 shares during the period. Meeder Asset Management Inc. boosted its position 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 purchasing an additional 186 shares during the period. Arizona State Retirement System boosted its position in Advanced Energy Industries by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker's stock valued at $1,136,000 after purchasing an additional 203 shares during the period. Finally, Huntington National Bank boosted its position in Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock valued at $33,000 after purchasing an additional 208 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company's stock, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.00% of the company's stock.

Advanced Energy Industries Price Performance

Shares of AEIS traded up $0.08 during midday trading on Friday, reaching $117.22. The stock had a trading volume of 103,590 shares, compared to its average volume of 212,393. Advanced Energy Industries, Inc. has a 52 week low of $89.11 and a 52 week high of $120.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The firm's 50 day moving average price is $112.38 and its 200-day moving average price is $107.98. The company has a market capitalization of $4.42 billion, a P/E ratio of 102.82, a P/E/G ratio of 6.92 and a beta of 1.47.

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

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Advanced Energy Industries's dividend payout ratio is 35.09%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Susquehanna cut their target price on Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating on the stock in a research note on Friday, October 11th. Baird R W raised Advanced Energy Industries to a "strong-buy" rating in a research note on Friday, September 20th. TD Cowen cut their target price on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Benchmark reaffirmed a "buy" rating and set a $125.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Finally, Robert W. Baird lifted their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the company an "outperform" rating in a research note on Wednesday. Six investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $117.43.

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.