Geode Capital Management LLC Lowers Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Geode Capital Management LLC lowered its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 878,630 shares of the electronics maker's stock after selling 5,772 shares during the period. Geode Capital Management LLC owned approximately 2.33% of Advanced Energy Industries worth $101,618,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pictet Asset Management Holding SA raised its holdings in Advanced Energy Industries by 12.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 5,597 shares of the electronics maker's stock worth $647,000 after acquiring an additional 636 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in Advanced Energy Industries in the fourth quarter worth approximately $153,000. Norges Bank purchased a new position in Advanced Energy Industries during the fourth quarter valued at $68,949,000. NEOS Investment Management LLC purchased a new position in shares of Advanced Energy Industries during the 4th quarter valued at about $437,000. Finally, Segall Bryant & Hamill LLC increased its stake in shares of Advanced Energy Industries by 12.8% in the fourth quarter. Segall Bryant & Hamill LLC now owns 154,448 shares of the electronics maker's stock worth $17,859,000 after purchasing an additional 17,551 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Insider Activity at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred 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 owns 3,492 shares of the company's stock, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction 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. This trade represents a 49.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Advanced Energy Industries Price Performance

Shares of AEIS stock traded up $1.20 during trading hours on Tuesday, hitting $90.06. 56,671 shares of the company's stock were exchanged, compared to its average volume of 248,672. The firm has a market cap of $3.41 billion, a P/E ratio of 62.88, a P/E/G ratio of 1.39 and a beta of 1.47. The firm has a 50 day moving average of $106.08 and a two-hundred day moving average of $111.31. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $132.16.

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 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%. Sell-side analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.44%. Advanced Energy Industries's payout ratio is 27.97%.

Analysts Set New Price Targets

AEIS has been the topic of several research analyst reports. Stifel Nicolaus boosted their target price on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Wells Fargo & Company cut their target price on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Bank of America upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Citigroup raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and increased their price target for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, Robert W. Baird cut 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 note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have assigned 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.

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.