3,780 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Bought by NEOS Investment Management LLC

NEOS Investment Management LLC bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 3,780 shares of the electronics maker's stock, valued at approximately $437,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its stake in shares of Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after purchasing an additional 182 shares during the last quarter. Quantbot Technologies LP bought a new position in Advanced Energy Industries during the third quarter worth about $41,000. Venturi Wealth Management LLC acquired a new position in Advanced Energy Industries during the fourth quarter worth approximately $74,000. Principal Securities Inc. increased its position in Advanced Energy Industries by 16.1% during the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock worth $114,000 after buying an additional 137 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Advanced Energy Industries by 26.3% in the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock valued at $108,000 after buying an additional 213 shares during the period. 99.67% of the stock is owned by institutional investors.

Insider Transactions at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction 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. The trade was a 49.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the company'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 completion of the transaction, the director now directly owns 3,492 shares of the company's stock, valued at $451,760.04. This represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

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Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock traded down $11.71 during trading on Thursday, reaching $84.81. 288,116 shares of the company's stock were exchanged, compared to its average volume of 313,945. The firm's 50-day moving average price is $112.05 and its 200 day moving average price is $112.37. The company has a market cap of $3.21 billion, a P/E ratio of 59.31, a PEG ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. Advanced Energy Industries, Inc. has a 1-year low of $83.16 and a 1-year high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its 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%. As a group, research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.47%. Advanced Energy Industries's payout ratio is presently 27.97%.

Analysts Set New Price Targets

Several research analysts have recently commented on AEIS shares. Citigroup upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Robert W. Baird reduced their price objective on shares of Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Needham & Company LLC reissued a "buy" rating and issued a $145.00 price objective on shares of Advanced Energy Industries 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 note on Monday, December 16th. Finally, Stifel Nicolaus upped their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research note on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $126.56.

About Advanced Energy Industries

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.