California Public Employees Retirement System Trims Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

California Public Employees Retirement System trimmed its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 7.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 52,380 shares of the electronics maker's stock after selling 4,373 shares during the period. California Public Employees Retirement System owned 0.14% of Advanced Energy Industries worth $6,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEIS. Nisa Investment Advisors LLC increased its holdings in shares of Advanced Energy Industries by 1.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker's stock valued at $579,000 after purchasing an additional 85 shares during the period. Integrated Investment Consultants LLC increased its holdings in Advanced Energy Industries by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker's stock worth $531,000 after buying an additional 100 shares during the period. Stifel Financial Corp increased its holdings in Advanced Energy Industries by 1.0% in the 3rd 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. Heritage Family Offices LLP raised its position in Advanced Energy Industries by 6.1% during the 4th quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker's stock worth $233,000 after buying an additional 116 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Advanced Energy Industries by 16.1% during the 4th quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock valued at $114,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

Insider Transactions at Advanced Energy Industries

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction that occurred 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 owns 19,822 shares of the company's stock, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the transaction, the director now owns 3,492 shares of the company's stock, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Stifel Nicolaus raised their target price on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Bank of America upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 target price on the stock in a research note on Monday, December 16th. Wells Fargo & Company reduced their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a research report on Thursday, February 13th. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $145.00 target price on shares of Advanced Energy Industries in a report 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 given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.56.

Advanced Energy Industries Trading Up 0.1 %

Shares of AEIS traded up $0.06 during midday trading on Friday, hitting $86.77. 371,348 shares of the stock were exchanged, compared to its average volume of 248,491. The firm has a market cap of $3.29 billion, a P/E ratio of 60.68, a P/E/G ratio of 1.39 and a beta of 1.47. 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 fifty day simple moving average of $106.58 and a 200 day simple moving average of $111.37. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $132.16.

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 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%. On average, research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Advanced Energy Industries's dividend payout ratio (DPR) 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.