Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stock Holdings Lessened by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,637 shares of the electronics maker's stock after selling 2,239 shares during the quarter. New York State Teachers Retirement System owned 0.17% of Advanced Energy Industries worth $7,243,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEIS. Nisa Investment Advisors LLC raised its position in Advanced Energy Industries by 1.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker's stock valued at $579,000 after purchasing an additional 85 shares during the period. Integrated Investment Consultants LLC raised its position in Advanced Energy Industries by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker's stock valued at $531,000 after purchasing an additional 100 shares during the period. Stifel Financial Corp raised its position in Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker's stock valued at $1,132,000 after purchasing an additional 102 shares during the period. Heritage Family Offices LLP increased its position in shares of Advanced Energy Industries by 6.1% during the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker's stock worth $233,000 after acquiring an additional 116 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in shares of Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker's stock worth $263,000 after acquiring an additional 130 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Transactions at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of the business's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now owns 3,492 shares of the company's stock, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEIS. Bank of America raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 target price on the stock in a research report on Monday, December 16th. Stifel Nicolaus lifted their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Citigroup raised 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 report on Monday, January 6th. Robert W. Baird dropped their target price on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their target price on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $126.56.

Advanced Energy Industries Stock Performance

AEIS stock traded down $3.72 during midday trading on Friday, reaching $126.54. The company had a trading volume of 272,719 shares, compared to its average volume of 286,612. 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 has a 50 day moving average price of $118.47 and a 200 day moving average price of $111.43. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $132.16. The firm has a market capitalization of $4.77 billion, a PE ratio of 88.49, a P/E/G ratio of 1.44 and a beta of 1.45.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued 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 net margin of 3.66% and a return on equity of 8.90%. Analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, February 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Advanced Energy Industries's dividend payout ratio is presently 27.97%.

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.