Semanteon Capital Management LP Invests $724,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Semanteon Capital Management LP purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,879 shares of the electronics maker's stock, valued at approximately $724,000.

Other institutional investors have also modified their holdings of the company. Earnest Partners LLC lifted its position in Advanced Energy Industries by 13.5% in the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker's stock valued at $182,910,000 after acquiring an additional 199,578 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker's stock valued at $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Advanced Energy Industries by 23.5% during 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 buying an additional 102,659 shares during the period. Vanguard Group Inc. grew its holdings in shares of Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker's stock worth $463,335,000 after buying an additional 73,028 shares in the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Advanced Energy Industries in the 2nd quarter valued at approximately $6,873,000. Institutional investors own 99.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on AEIS shares. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a "buy" rating and a $135.00 price target for the company. Robert W. Baird initiated coverage on shares of Advanced Energy Industries in a research report on Friday, September 20th. They issued an "outperform" rating and a $128.00 target price for the company. Baird R W raised shares of Advanced Energy Industries to a "strong-buy" rating in a research report on Friday, September 20th. TD Cowen raised their price objective on Advanced Energy Industries from $100.00 to $120.00 and gave the company a "hold" rating in a report on Wednesday, July 31st. Finally, Benchmark reiterated a "buy" rating and set a $117.00 target price on shares of Advanced Energy Industries in a report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $113.11.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded up $2.64 during trading hours on Tuesday, reaching $111.01. 198,409 shares of the stock were exchanged, compared to its average volume of 209,730. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of 39.84, a P/E/G ratio of 5.41 and a beta of 1.49. The stock's fifty day simple moving average is $103.98 and its 200 day simple moving average is $104.59. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. Advanced Energy Industries, Inc. has a 52 week low of $81.86 and a 52 week high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to analysts' expectations of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The company's quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.95 EPS. Sell-side analysts predict that Advanced Energy Industries, Inc. will post 2.47 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries's dividend payout ratio (DPR) is currently 14.71%.

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.