Amundi Has $2.30 Million Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Amundi increased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 192.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,405 shares of the electronics maker's stock after acquiring an additional 12,773 shares during the period. Amundi owned approximately 0.05% of Advanced Energy Industries worth $2,303,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AEIS. State of New Jersey Common Pension Fund D lifted its stake in Advanced Energy Industries by 1.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 18,090 shares of the electronics maker's stock valued at $1,904,000 after purchasing an additional 260 shares during the last quarter. Huntington National Bank increased its holdings in shares of Advanced Energy Industries by 200.0% in 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 in the last quarter. Meeder Asset Management Inc. lifted its position in shares of 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 last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of Advanced Energy Industries by 24.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 136,897 shares of the electronics maker's stock worth $14,407,000 after acquiring an additional 26,782 shares in the last quarter. Finally, Commerce Bank grew its holdings in shares of Advanced Energy Industries by 34.0% in the 3rd quarter. Commerce Bank now owns 3,327 shares of the electronics maker's stock worth $350,000 after acquiring an additional 845 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Remove Ads

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now owns 3,492 shares in the company, valued at $451,760.04. This trade represents a 31.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now owns 19,822 shares in the company, valued at $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company's stock.

Analyst Upgrades and Downgrades

AEIS has been the subject of a number of recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Robert W. Baird dropped 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 research report 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 report on Monday, December 16th. Citigroup raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Wells Fargo & Company cut their target price 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. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $126.56.

Advanced Energy Industries Stock Down 0.4 %

Shares of Advanced Energy Industries stock traded down $0.44 during trading on Thursday, hitting $105.83. 177,632 shares of the stock traded hands, compared to its average volume of 221,069. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The stock has a market cap of $3.99 billion, a P/E ratio of 74.01, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a twelve month low of $89.12 and a twelve month high of $132.16. The company has a fifty day moving average price of $115.96 and a two-hundred day moving average price of $112.07.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data 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%. Equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal 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 given 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 yield of 0.38%. Advanced Energy Industries's payout ratio is currently 27.97%.

About Advanced Energy Industries

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.