Charles Schwab Investment Management Inc. boosted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 460,121 shares of the electronics maker's stock after buying an additional 18,533 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.22% of Advanced Energy Industries worth $53,204,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Nisa Investment Advisors LLC lifted its stake in Advanced Energy Industries by 1.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker's stock worth $579,000 after acquiring an additional 85 shares in the last quarter. Integrated Investment Consultants LLC lifted its position in shares of Advanced Energy Industries by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker's stock worth $531,000 after purchasing an additional 100 shares in the last quarter. Stifel Financial Corp boosted its stake in shares of Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker's stock valued at $1,132,000 after purchasing an additional 102 shares during the period. Heritage Family Offices LLP grew its holdings in shares of Advanced Energy Industries by 6.1% in the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker's stock valued at $233,000 after purchasing an additional 116 shares in the last quarter. Finally, Principal Securities Inc. increased 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 worth $114,000 after buying an additional 137 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling at Advanced Energy Industries
In other news, 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 transaction, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at $2,212,333.42. The trade was a 49.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Lanesha Minnix sold 1,600 shares of the 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 sale, the director now owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
AEIS has been the subject of several research reports. Stifel Nicolaus boosted their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a research note on Thursday, February 13th. Needham & Company LLC reissued a "buy" rating and set a $145.00 target price on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Bank of America upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Robert W. Baird decreased their price objective 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. 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 analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries currently has a consensus rating of "Moderate Buy" and an average price target of $126.56.
View Our Latest Research Report on AEIS
Advanced Energy Industries Stock Up 1.1 %
Shares of NASDAQ AEIS traded up $1.20 during midday trading on Monday, hitting $107.39. 173,723 shares of the company's stock were exchanged, compared to its average volume of 220,829. The firm's fifty day simple moving average is $116.88 and its 200-day simple moving average is $112.11. The company has a market cap of $4.05 billion, a PE ratio of 75.10, a P/E/G 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 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 released its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share 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%. 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 disclosed 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 was Monday, February 24th. This represents a $0.40 annualized dividend and a yield of 0.37%. Advanced Energy Industries's dividend payout ratio is presently 27.97%.
About Advanced Energy Industries
(
Free Report)
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.
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