Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stake Cut by Hardman Johnston Global Advisors LLC

Hardman Johnston Global Advisors LLC lowered its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 5.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 123,650 shares of the electronics maker's stock after selling 6,930 shares during the quarter. Hardman Johnston Global Advisors LLC owned about 0.33% of Advanced Energy Industries worth $13,013,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AEIS. Pinnacle Associates Ltd. increased its position in Advanced Energy Industries by 3.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 176,683 shares of the electronics maker's stock worth $19,244,000 after purchasing an additional 6,217 shares in the last quarter. Semanteon Capital Management LP acquired a new stake in Advanced Energy Industries during the 3rd quarter worth approximately $724,000. Wealth Enhancement Advisory Services LLC increased its position in Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker's stock worth $263,000 after purchasing an additional 130 shares in the last quarter. Signaturefd LLC increased its position in Advanced Energy Industries by 28.0% during the 3rd quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker's stock worth $106,000 after purchasing an additional 220 shares in the last quarter. Finally, Raymond James & Associates increased its position in Advanced Energy Industries by 2.4% during the 3rd quarter. Raymond James & Associates now owns 24,763 shares of the electronics maker's stock worth $2,606,000 after purchasing an additional 583 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on AEIS. StockNews.com raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Monday. Baird R W raised shares of Advanced Energy Industries to a "strong-buy" rating in a research report on Friday, September 20th. Needham & Company LLC reaffirmed a "hold" rating on shares of Advanced Energy Industries in a research report on Thursday, October 31st. Citigroup downgraded shares of Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 price objective for the company. in a research report on Monday, July 15th. Finally, Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a research report on Thursday, August 15th. They issued a "buy" rating and a $135.00 price objective for the company. Eight analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $112.75.

Advanced Energy Industries Stock Up 5.9 %

Shares of AEIS stock traded up $6.57 during mid-day trading on Wednesday, reaching $117.96. 599,433 shares of the company were exchanged, compared to its average volume of 213,192. Advanced Energy Industries, Inc. has a fifty-two week low of $85.26 and a fifty-two week high of $120.81. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company has a market capitalization of $4.44 billion, a P/E ratio of 104.38, a P/E/G ratio of 6.46 and a beta of 1.48. The business's 50 day simple moving average is $104.11 and its 200 day simple moving average is $105.29.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share 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 business had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. During the same quarter last year, the company earned $1.12 earnings per share. The business's quarterly revenue was down 8.7% compared to the same quarter last year. Research analysts predict that Advanced Energy Industries, Inc. will post 2.51 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a 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%.

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.