Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 209,785 shares of the electronics maker's stock after purchasing an additional 2,951 shares during the quarter. Envestnet Asset Management Inc. owned about 0.56% of Advanced Energy Industries worth $24,257,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after purchasing an additional 182 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Advanced Energy Industries in the fourth quarter valued at approximately $74,000. Principal Securities Inc. increased its stake in Advanced Energy Industries by 16.1% during the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock worth $114,000 after acquiring an additional 137 shares during the last quarter. Blue Trust Inc. raised its position in Advanced Energy Industries by 26.3% in the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock valued at $108,000 after purchasing an additional 213 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Advanced Energy Industries by 398.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the electronics maker's stock worth $122,000 after purchasing an additional 845 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Advanced Energy Industries Stock Up 1.4 %

NASDAQ AEIS traded up $1.22 during trading on Friday, reaching $86.79. 281,058 shares of the company's stock were exchanged, compared to its average volume of 251,832. The stock has a market cap of $3.29 billion, a P/E ratio of 60.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.47. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The company has a 50 day moving average price of $104.06 and a two-hundred day moving average price of $110.74.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS 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, equities research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.46%. Advanced Energy Industries's payout ratio is 27.97%.

Analysts Set New Price Targets

Several research analysts have weighed in on AEIS shares. Wells Fargo & Company lowered 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 research note on Thursday, February 13th. Needham & Company LLC restated a "buy" rating and set a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Robert W. Baird decreased their target price on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. 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. Finally, Citigroup upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. Four 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's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $126.56.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

About Advanced Energy Industries

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.