Edgestream Partners L.P. Acquires New Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Edgestream Partners L.P. acquired a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 29,956 shares of the electronics maker's stock, valued at approximately $3,153,000. Edgestream Partners L.P. owned approximately 0.08% of Advanced Energy Industries at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Hilltop National Bank increased its holdings in Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker's stock valued at $107,000 after purchasing an additional 116 shares in the last quarter. Azzad Asset Management Inc. ADV lifted its position in Advanced Energy Industries by 1.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker's stock worth $796,000 after acquiring an additional 124 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Advanced Energy Industries by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker's stock worth $263,000 after acquiring an additional 130 shares during the period. Meeder Asset Management Inc. grew its position in Advanced Energy Industries by 68.4% in the third 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 in the last quarter. Finally, Arizona State Retirement System raised its stake in shares of Advanced Energy Industries by 2.0% during the second quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker's stock valued at $1,136,000 after purchasing an additional 203 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 other news, Director Lanesha Minnix sold 1,000 shares of the company's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 2.00% of the company's stock.

Advanced Energy Industries Stock Performance

AEIS traded up $3.66 during trading hours on Monday, hitting $118.70. 221,676 shares of the stock were exchanged, compared to its average volume of 213,962. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $120.81. The stock has a 50-day simple moving average of $109.47 and a 200-day simple moving average of $107.30. The stock has a market cap of $4.47 billion, a price-to-earnings ratio of 100.00, a price-to-earnings-growth ratio of 6.76 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same period last year, the firm posted $1.12 EPS. The company's revenue for the quarter was down 8.7% on a year-over-year basis. Analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries's dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

AEIS has been the subject of a number of recent analyst reports. Robert W. Baird lowered their price target on shares of Advanced Energy Industries from $128.00 to $124.00 and set an "outperform" rating for the company in a report on Friday, November 1st. StockNews.com upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Susquehanna lowered their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a "buy" rating and a $135.00 target price on the stock. Finally, Baird R W raised shares of Advanced Energy Industries to a "strong-buy" rating in a research report on Friday, September 20th. Seven research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Energy Industries has an average rating of "Hold" and an average target price of $115.00.

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.