Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 7.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,321 shares of the electronics maker's stock after selling 3,340 shares during the period. Prudential Financial Inc. owned approximately 0.10% of Advanced Energy Industries worth $4,547,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Cerity Partners LLC grew its holdings in Advanced Energy Industries by 45.7% during the 3rd quarter. Cerity Partners LLC now owns 4,148 shares of the electronics maker's stock valued at $436,000 after purchasing an additional 1,302 shares during the last quarter. Quantbot Technologies LP purchased a new position in shares of Advanced Energy Industries during the third quarter valued at approximately $41,000. Captrust Financial Advisors grew its stake in shares of Advanced Energy Industries by 12.3% during the third quarter. Captrust Financial Advisors now owns 8,658 shares of the electronics maker's stock valued at $911,000 after buying an additional 946 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Advanced Energy Industries in the third quarter worth approximately $3,153,000. Finally, Holocene Advisors LP lifted its stake in shares of Advanced Energy Industries by 65.9% during the 3rd quarter. Holocene Advisors LP now owns 29,559 shares of the electronics maker's stock worth $3,111,000 after acquiring an additional 11,738 shares during the last quarter. Institutional investors own 99.67% of the company's stock.

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Advanced Energy Industries Stock Down 13.1 %

AEIS stock traded down $12.65 during trading on Thursday, hitting $83.87. 642,792 shares of the company's stock traded hands, compared to its average volume of 236,809. The firm has a market capitalization of $3.18 billion, a P/E ratio of 58.65, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 1 year low of $83.20 and a 1 year 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 business has a fifty day simple moving average of $112.05 and a two-hundred day simple moving average of $112.37.

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

Advanced Energy Industries Announces Dividend

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. This represents a $0.40 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's payout ratio is 27.97%.

Insider Activity

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction 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 transaction, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the firm's stock in a transaction 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 directly owns 3,492 shares of the company's stock, valued at $451,760.04. The trade was 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 Upgrades and Downgrades

Several equities analysts have commented on AEIS shares. Needham & Company LLC reaffirmed 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 raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a research note on Monday, December 16th. Citigroup raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Robert W. Baird reduced their target price on shares of 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 lowered their price target on 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. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target 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.