Peak6 LLC Takes $476,000 Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

PEAK6 LLC bought a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,116 shares of the electronics maker's stock, valued at approximately $476,000.

Several other hedge funds have also made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after acquiring an additional 182 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after purchasing an additional 135 shares during the period. Venturi Wealth Management LLC bought a new position in shares of Advanced Energy Industries during the fourth quarter valued at approximately $74,000. Principal Securities Inc. increased its holdings in Advanced Energy Industries by 16.1% during the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock valued at $114,000 after buying an additional 137 shares during the period. 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 worth $108,000 after buying an additional 213 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded up $3.38 during midday trading on Wednesday, reaching $91.49. The company had a trading volume of 275,503 shares, compared to its average volume of 252,956. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16. The business's 50-day simple moving average is $102.20 and its 200 day simple moving average is $110.43. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.47 billion, a P/E ratio of 63.98, a P/E/G ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. On average, analysts forecast that Advanced Energy Industries, Inc. will post 3.66 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, March 7th. Stockholders of record on Monday, February 24th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries's dividend payout ratio (DPR) is currently 27.97%.

Insider Transactions at Advanced Energy Industries

In related 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 transaction of $2,155,077.49. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the company'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 value of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at approximately $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.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AEIS shares. Robert W. Baird cut their price target on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company reduced 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 report on Thursday, February 13th. Stifel Nicolaus raised their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Needham & Company LLC reissued a "buy" rating and set a $145.00 target price on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Four 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 MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target 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.