Corient Private Wealth LLC Cuts Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Corient Private Wealth LLC cut its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,864 shares of the electronics maker's stock after selling 3,222 shares during the period. Corient Private Wealth LLC's holdings in Advanced Energy Industries were worth $794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in Advanced Energy Industries in the 4th quarter worth approximately $9,864,000. Wealthfront Advisers LLC purchased a new position in shares of Advanced Energy Industries in the fourth quarter worth $8,002,000. Principal Financial Group Inc. lifted its holdings in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock worth $50,920,000 after buying an additional 53,566 shares in the last quarter. Sora Investors LLC bought a new position in shares of Advanced Energy Industries during the third quarter worth $4,736,000. Finally, Proficio Capital Partners LLC purchased a new position in Advanced Energy Industries during the fourth quarter valued at $3,971,000. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Trading Up 0.5 %

AEIS stock traded up $0.51 during mid-day trading on Monday, reaching $95.31. 367,583 shares of the stock traded hands, compared to its average volume of 234,743. The stock has a market capitalization of $3.61 billion, a PE ratio of 66.65, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a one year low of $89.12 and a one year high of $132.16. The business has a 50-day moving average price of $113.28 and a two-hundred day moving average price of $112.50. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42.

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Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries's dividend payout ratio is presently 27.97%.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction on 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 sale, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 value of $206,992.00. Following the transaction, the director now directly owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

AEIS has been the topic of several research analyst reports. Bank of America upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Monday, December 16th. Stifel Nicolaus increased their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Robert W. Baird cut their price target 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. Citigroup raised 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 report 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 for the company in a report on Thursday, February 13th. Four investment 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 stock has an average rating of "Moderate Buy" and an average target price of $126.56.

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.