Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) COO Eduardo Bernal Acebedo sold 19,309 shares of the 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 transaction, the chief operating officer now 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Advanced Energy Industries Price Performance
Shares of AEIS traded up $3.68 during trading hours on Friday, reaching $109.67. 412,415 shares of the company traded hands, compared to its average volume of 223,986. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.14 billion, a PE ratio of 76.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a fifty-two week low of $89.12 and a fifty-two week high of $132.16. The stock has a fifty day simple moving average of $118.04 and a 200 day simple moving average of $112.23.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data 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%. As a group, research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.
Advanced Energy Industries Announces Dividend
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. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's payout ratio is 27.97%.
Analyst Ratings Changes
Several research analysts have issued reports on AEIS shares. Bank of America upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price objective for the company in a research report on Monday, December 16th. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and upped their target price for the company from $110.00 to $138.00 in a report on Monday, January 6th. Stifel Nicolaus upped their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Benchmark reissued a "buy" rating and issued a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Finally, Wells Fargo & Company lowered their target price on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $126.56.
Read Our Latest Analysis on AEIS
Institutional Trading of Advanced Energy Industries
A number of hedge funds have recently added to or reduced their stakes in AEIS. Summit Partners Public Asset Management LLC acquired a new stake in Advanced Energy Industries in the 4th quarter worth about $71,494,000. Norges Bank acquired a new stake in Advanced Energy Industries in the 4th quarter worth about $68,949,000. Silvercrest Asset Management Group LLC purchased a new position in shares of Advanced Energy Industries in the 4th quarter worth about $58,393,000. The Manufacturers Life Insurance Company raised its holdings in shares of Advanced Energy Industries by 21.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after purchasing an additional 138,814 shares during the period. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Advanced Energy Industries in the 3rd quarter worth about $12,306,000. 99.67% of the stock is owned by institutional investors and hedge funds.
Advanced Energy Industries Company Profile
(
Get 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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