Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Lord Abbett & CO. LLC

Lord Abbett & CO. LLC lifted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 6.2% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 403,679 shares of the electronics maker's stock after buying an additional 23,395 shares during the period. Lord Abbett & CO. LLC owned approximately 1.07% of Advanced Energy Industries worth $42,483,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Synovus Financial Corp grew its holdings in Advanced Energy Industries by 19.9% during the third quarter. Synovus Financial Corp now owns 6,669 shares of the electronics maker's stock valued at $702,000 after purchasing an additional 1,107 shares during the period. Geode Capital Management LLC increased its holdings in Advanced Energy Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker's stock worth $93,094,000 after acquiring an additional 15,030 shares during the last quarter. Dean Investment Associates LLC raised its stake in Advanced Energy Industries by 123.5% in the 3rd quarter. Dean Investment Associates LLC now owns 35,817 shares of the electronics maker's stock valued at $3,769,000 after acquiring an additional 19,791 shares during the period. Weiss Asset Management LP purchased a new stake in Advanced Energy Industries during the third quarter valued at about $462,000. Finally, Sora Investors LLC bought a new position in Advanced Energy Industries during the third quarter worth about $4,736,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AEIS shares. StockNews.com upgraded shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Monday, November 4th. Wells Fargo & Company increased their target price on Advanced Energy Industries from $98.00 to $105.00 and gave the stock an "equal weight" rating in a research report on Friday, December 6th. Robert W. Baird lifted their price target on Advanced Energy Industries from $124.00 to $134.00 and gave the company an "outperform" rating in a research report on Wednesday. TD Cowen dropped their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating on the stock in a report on Thursday, October 31st. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Six investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $117.43.

Advanced Energy Industries Stock Performance

NASDAQ AEIS traded up $0.08 on Friday, reaching $117.22. 103,590 shares of the stock were exchanged, compared to its average volume of 212,393. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a one year low of $89.11 and a one year high of $120.81. The company's 50-day simple moving average is $112.38 and its two-hundred day simple moving average is $108.01. The firm has a market capitalization of $4.42 billion, a PE ratio of 102.82, a PEG ratio of 6.92 and a beta of 1.47.

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

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries's dividend payout ratio is presently 35.09%.

Insider Activity at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by company 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.