First Eagle Investment Management LLC Has $13.08 Million Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

First Eagle Investment Management LLC lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 4.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 113,133 shares of the electronics maker's stock after selling 5,500 shares during the quarter. First Eagle Investment Management LLC owned about 0.30% of Advanced Energy Industries worth $13,082,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in AEIS. Commonwealth Equity Services LLC increased its stake in shares of Advanced Energy Industries by 2.2% during the fourth quarter. Commonwealth Equity Services LLC now owns 9,629 shares of the electronics maker's stock valued at $1,113,000 after acquiring an additional 206 shares during the period. Swiss National Bank increased its stake in shares of Advanced Energy Industries by 1.4% during the fourth quarter. Swiss National Bank now owns 74,100 shares of the electronics maker's stock valued at $8,568,000 after acquiring an additional 1,000 shares during the period. Avantax Advisory Services Inc. increased its stake in shares of Advanced Energy Industries by 3.3% during the fourth quarter. Avantax Advisory Services Inc. now owns 18,700 shares of the electronics maker's stock valued at $2,162,000 after acquiring an additional 600 shares during the period. Sequoia Financial Advisors LLC acquired a new position in shares of Advanced Energy Industries during the fourth quarter valued at approximately $229,000. Finally, Wealthfront Advisers LLC acquired a new position in shares of Advanced Energy Industries during the fourth quarter valued at approximately $8,002,000. Institutional investors and hedge funds own 99.67% of the company's stock.

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Analysts Set New Price Targets

AEIS has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and raised their price objective for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Robert W. Baird decreased their price target on shares of Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Needham & Company LLC restated a "buy" rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Finally, 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 report on Monday, December 16th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.56.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the completion of 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 position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now directly owns 3,492 shares of the company's stock, valued at $451,760.04. This trade represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Advanced Energy Industries Trading Up 0.7 %

Advanced Energy Industries stock traded up $0.74 during midday trading on Wednesday, reaching $106.27. The stock had a trading volume of 198,613 shares, compared to its average volume of 220,993. The firm's fifty day simple moving average is $116.21 and its two-hundred day simple moving average is $112.11. Advanced Energy Industries, Inc. has a twelve month low of $89.12 and a twelve month high of $132.16. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 74.32, a PEG ratio of 1.39 and a beta of 1.43.

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 return on equity of 8.90% and a net margin of 3.66%. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's dividend payout ratio (DPR) is currently 27.97%.

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.