3,502 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Bought by Cibc World Markets Corp

Cibc World Markets Corp bought a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,502 shares of the electronics maker's stock, valued at approximately $405,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Commerce Bank raised its holdings in shares of Advanced Energy Industries by 34.0% during 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 in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Advanced Energy Industries during the third quarter valued at $12,306,000. Intech Investment Management LLC purchased a new position in shares of Advanced Energy Industries in the 3rd quarter worth $718,000. Cerity Partners LLC increased its holdings in shares of Advanced Energy Industries by 45.7% in the 3rd quarter. Cerity Partners LLC now owns 4,148 shares of the electronics maker's stock worth $436,000 after buying an additional 1,302 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at about $41,000. 99.67% of the stock is owned by institutional investors.

Insider Activity at Advanced Energy Industries

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the transaction, the director now owns 3,492 shares of the company's stock, valued at $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by corporate insiders.

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Advanced Energy Industries Trading Down 4.9 %

Shares of NASDAQ:AEIS traded down $5.10 during trading on Thursday, reaching $100.02. 376,876 shares of the company were exchanged, compared to its average volume of 225,352. The business's fifty day simple moving average is $114.72 and its 200-day simple moving average is $112.34. 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, Inc. has a 12-month low of $89.12 and a 12-month high of $132.16. The firm has a market capitalization of $3.79 billion, a PE ratio of 69.94, a P/E/G ratio of 1.39 and a beta of 1.43.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share 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 year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given 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 0.40%. Advanced Energy Industries's payout ratio is presently 27.97%.

Analyst Ratings Changes

A number of brokerages have recently commented on AEIS. Robert W. Baird dropped their target price on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating for the company in a 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 objective on the stock in a research report on Monday, December 16th. Needham & Company LLC restated a "buy" rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Thursday, February 13th. Wells Fargo & Company dropped their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company 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 increased their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $126.56.

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.