NEOS Investment Management LLC Acquires Shares of 3,780 Advanced Energy Industries, Inc. (NASDAQ:AEIS)

NEOS Investment Management LLC purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,780 shares of the electronics maker's stock, valued at approximately $437,000.

A number of other hedge funds have also recently made changes to their positions in the company. Nisa Investment Advisors LLC boosted its stake in Advanced Energy Industries by 1.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker's stock valued at $579,000 after buying an additional 85 shares during the period. Integrated Investment Consultants LLC raised its holdings in shares of Advanced Energy Industries by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker's stock valued at $531,000 after acquiring an additional 100 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Advanced Energy Industries by 1.0% during the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker's stock valued at $1,132,000 after acquiring an additional 102 shares during the last quarter. Heritage Family Offices LLP boosted its position in shares of Advanced Energy Industries by 6.1% during the 4th quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker's stock valued at $233,000 after acquiring an additional 116 shares during the last quarter. Finally, Principal Securities Inc. increased its position in shares of Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock worth $114,000 after purchasing an additional 137 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. This trade represents a 49.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now directly owns 3,492 shares in the company, valued at $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Advanced Energy Industries Trading Down 5.8 %

Shares of AEIS traded down $4.84 during trading hours on Friday, hitting $79.03. The company had a trading volume of 835,972 shares, compared to its average volume of 239,500. Advanced Energy Industries, Inc. has a 52-week low of $75.15 and a 52-week high of $132.16. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The stock's 50 day moving average price is $110.29 and its 200 day moving average price is $112.03. The firm has a market cap of $2.99 billion, a P/E ratio of 55.27, a P/E/G ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results 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%. On average, research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 annualized dividend and a yield of 0.51%. Advanced Energy Industries's payout ratio is currently 27.97%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Wells Fargo & Company dropped their target price on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company 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 target price for the company in a research report on Monday, December 16th. Robert W. Baird reduced their target price on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $126.56.

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.