KLP Kapitalforvaltning AS Makes New Investment in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

KLP Kapitalforvaltning AS acquired a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 7,400 shares of the electronics maker's stock, valued at approximately $856,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in Advanced Energy Industries during the fourth quarter worth $9,864,000. Wealthfront Advisers LLC acquired a new stake in Advanced Energy Industries during the 4th quarter worth approximately $8,002,000. Principal Financial Group Inc. grew its stake in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock worth $50,920,000 after acquiring an additional 53,566 shares in the last quarter. Sora Investors LLC purchased a new stake in shares of Advanced Energy Industries during the third quarter worth $4,736,000. Finally, Proficio Capital Partners LLC purchased a new position in Advanced Energy Industries in the fourth quarter valued at $3,971,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Stock Performance

AEIS traded down $12.65 on Thursday, hitting $83.87. 642,792 shares of the company traded hands, compared to its average volume of 236,809. The company has a 50 day moving average of $112.05 and a 200-day moving average of $112.37. Advanced Energy Industries, Inc. has a 12-month low of $83.20 and a 12-month high of $132.16. The stock has a market capitalization of $3.18 billion, a PE ratio of 58.65, a PEG ratio of 1.39 and a beta of 1.43. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47.

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Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced 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%. Sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.48%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's payout ratio is 27.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AEIS shares. Needham & Company LLC reaffirmed a "buy" rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Bank of America upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target for the company in a research note on Monday, December 16th. Robert W. Baird reduced their price objective on shares of Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Stifel Nicolaus lifted their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of "Moderate Buy" and an average price target of $126.56.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction 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 sale, the director now owns 3,492 shares of the company's stock, valued at $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now owns 19,822 shares of the company's stock, valued at approximately $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

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.