New York State Common Retirement Fund Has $39.36 Million Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

New York State Common Retirement Fund lowered its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 2.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 373,981 shares of the electronics maker's stock after selling 8,894 shares during the quarter. New York State Common Retirement Fund owned approximately 1.00% of Advanced Energy Industries worth $39,358,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Earnest Partners LLC boosted its position in Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker's stock worth $182,910,000 after acquiring an additional 199,578 shares during the period. The Manufacturers Life Insurance Company boosted its position 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 worth $70,442,000 after acquiring an additional 118,328 shares during the period. Bank of New York Mellon Corp boosted its position in Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker's stock worth $58,754,000 after acquiring an additional 102,659 shares during the period. Vanguard Group Inc. boosted its position in Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker's stock worth $463,335,000 after acquiring an additional 73,028 shares during the period. Finally, Great Lakes Advisors LLC acquired a new position in Advanced Energy Industries during the 2nd quarter worth $6,873,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

AEIS has been the subject of a number of analyst reports. TD Cowen reduced their price target on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating for the company in a research report on Thursday. Baird R W raised Advanced Energy Industries to a "strong-buy" rating in a research note on Friday, September 20th. Wells Fargo & Company dropped their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an "equal weight" rating on the stock in a research note on Thursday, October 3rd. Citigroup downgraded Advanced Energy Industries from a "buy" rating to a "neutral" rating and set a $113.00 price objective on the stock. in a research note on Monday, July 15th. Finally, Stifel Nicolaus began coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a "buy" rating and a $135.00 price objective on the stock. One analyst has rated the stock with a sell rating, seven have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $112.75.

Advanced Energy Industries Trading Up 1.0 %

Shares of AEIS traded up $1.04 during midday trading on Friday, hitting $109.57. The stock had a trading volume of 206,103 shares, compared to its average volume of 233,443. The business has a 50-day simple moving average of $104.05 and a two-hundred day simple moving average of $104.91. The firm has a market cap of $4.13 billion, a P/E ratio of 96.11, a price-to-earnings-growth ratio of 5.49 and a beta of 1.48. The company has a current ratio of 4.62, a quick ratio of 4.22 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a fifty-two week low of $85.26 and a fifty-two week high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to analysts' expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company's quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. As a group, equities analysts forecast that Advanced Energy Industries, Inc. will post 2.47 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries's payout ratio is presently 35.09%.

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.