Pinnacle Associates Ltd. Increases Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Pinnacle Associates Ltd. boosted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 3.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 176,683 shares of the electronics maker's stock after acquiring an additional 6,217 shares during the quarter. Pinnacle Associates Ltd. owned 0.47% of Advanced Energy Industries worth $19,244,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Azzad Asset Management Inc. ADV boosted its holdings in shares of Advanced Energy Industries by 2.7% in the first quarter. Azzad Asset Management Inc. ADV now owns 7,198 shares of the electronics maker's stock worth $734,000 after buying an additional 186 shares during the last quarter. Peterson Wealth Services raised its stake in shares of Advanced Energy Industries by 229.2% in the first quarter. Peterson Wealth Services now owns 6,248 shares of the electronics maker's stock worth $637,000 after buying an additional 4,350 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Advanced Energy Industries by 9.9% during the 1st quarter. BNP Paribas Financial Markets now owns 178,056 shares of the electronics maker's stock valued at $18,158,000 after acquiring an additional 16,036 shares during the period. Janney Montgomery Scott LLC lifted its holdings in Advanced Energy Industries by 37.5% during the first quarter. Janney Montgomery Scott LLC now owns 3,497 shares of the electronics maker's stock valued at $357,000 after purchasing an additional 954 shares in the last quarter. Finally, Capstone Investment Advisors LLC bought a new position in shares of Advanced Energy Industries in the first quarter worth approximately $1,197,000. Institutional investors own 99.67% of the company's stock.

Analysts Set New Price Targets

AEIS has been the topic of a number of recent analyst reports. StockNews.com cut Advanced Energy Industries from a "hold" rating to a "sell" rating in a report on Friday, September 20th. Baird R W upgraded 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 note on Wednesday, July 31st. Robert W. Baird initiated coverage on Advanced Energy Industries in a research report on Friday, September 20th. They set an "outperform" rating and a $128.00 price objective for the company. Finally, Benchmark reiterated a "buy" rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $113.11.

Advanced Energy Industries Trading Down 1.5 %

AEIS stock traded down $1.62 during trading on Wednesday, hitting $109.39. The company had a trading volume of 42,480 shares, compared to its average volume of 208,933. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $4.12 billion, a P/E ratio of 46.25, a PEG ratio of 5.41 and a beta of 1.49. The company has a 50 day simple moving average of $104.07 and a 200-day simple moving average of $104.69. 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 announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. Advanced Energy Industries's quarterly revenue was down 12.2% on a year-over-year basis. As a group, research analysts forecast that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries's dividend payout ratio (DPR) is presently 16.67%.

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.

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