Proficio Capital Partners LLC Makes New Investment in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Proficio Capital Partners LLC bought a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 34,342 shares of the electronics maker's stock, valued at approximately $3,971,000. Proficio Capital Partners LLC owned about 0.09% of Advanced Energy Industries as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in Advanced Energy Industries in the 3rd quarter valued at approximately $12,306,000. Principal Financial Group Inc. lifted its position in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock valued at $50,920,000 after acquiring an additional 53,566 shares in the last quarter. Sora Investors LLC bought a new position in Advanced Energy Industries in the 3rd quarter valued at approximately $4,736,000. Southernsun Asset Management LLC bought a new position in Advanced Energy Industries in the 3rd quarter valued at approximately $3,575,000. Finally, Edgestream Partners L.P. bought a new position in Advanced Energy Industries in the 3rd quarter valued at approximately $3,153,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock traded up $3.68 during trading on Friday, reaching $109.67. 412,415 shares of the stock traded hands, compared to its average volume of 223,661. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 76.69, a P/E/G ratio of 1.39 and a beta of 1.43. The business has a fifty day simple moving average of $118.15 and a two-hundred day simple moving average of $112.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. Advanced Energy Industries, Inc. has a 52-week low of $89.12 and a 52-week high of $132.16.

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Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share 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%. Sell-side analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.36%. Advanced Energy Industries's payout ratio is 27.97%.

Insider Activity

In related news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction dated 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 owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction dated Monday, March 3rd. The shares were 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 of the company's stock, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.00% of the company's stock.

Analyst Ratings Changes

Several research firms recently issued reports on AEIS. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and upped their price objective for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Benchmark reissued a "buy" rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Bank of America raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Needham & Company LLC reissued a "buy" rating and set a $145.00 price target on shares of Advanced Energy Industries in a report on Thursday, February 13th. Finally, Robert W. Baird lowered 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently 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.