Holocene Advisors LP Purchases 11,738 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Holocene Advisors LP raised its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 65.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 29,559 shares of the electronics maker's stock after purchasing an additional 11,738 shares during the quarter. Holocene Advisors LP owned 0.08% of Advanced Energy Industries worth $3,111,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Earnest Partners LLC raised its position in Advanced Energy Industries by 13.5% during the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker's stock valued at $182,910,000 after buying an additional 199,578 shares during the period. The Manufacturers Life Insurance Company grew its stake in Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker's stock valued at $70,442,000 after acquiring an additional 118,328 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of Advanced Energy Industries in the 3rd quarter valued at about $12,306,000. Bank of New York Mellon Corp lifted its position in shares of Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker's stock worth $58,754,000 after purchasing an additional 102,659 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in shares of Advanced Energy Industries during the second quarter worth approximately $6,873,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Insider Activity

In other news, Director Lanesha Minnix sold 1,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded up $2.73 during trading hours on Friday, hitting $117.43. 145,938 shares of the stock were exchanged, compared to its average volume of 213,659. The firm has a market capitalization of $4.42 billion, a P/E ratio of 102.03, a P/E/G ratio of 6.93 and a beta of 1.47. Advanced Energy Industries, Inc. has a one year low of $89.11 and a one year high of $120.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The company's 50 day moving average is $110.75 and its 200 day moving average is $107.61.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm's revenue was down 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.12 earnings per share. On average, research analysts expect that Advanced Energy Industries, Inc. will post 2.52 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Advanced Energy Industries's dividend payout ratio (DPR) is presently 35.09%.

Analysts Set New Price Targets

Several equities analysts have recently commented on AEIS shares. Robert W. Baird lowered their price target on shares of Advanced Energy Industries from $128.00 to $124.00 and set an "outperform" rating on the stock in a report on Friday, November 1st. StockNews.com raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Susquehanna lowered their price target on Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Baird R W raised shares of Advanced Energy Industries to a "strong-buy" rating in a research report on Friday, September 20th. Finally, TD Cowen dropped their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating on the stock in a research note on Thursday, October 31st. Seven investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $116.00.

Advanced Energy Industries 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.