Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stake Trimmed by Royce & Associates LP

Royce & Associates LP decreased its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 9.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,656 shares of the electronics maker's stock after selling 7,520 shares during the quarter. Royce & Associates LP owned approximately 0.18% of Advanced Energy Industries worth $7,225,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AEIS. Healthcare of Ontario Pension Plan Trust Fund boosted its stake in Advanced Energy Industries by 14.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 39,578 shares of the electronics maker's stock worth $4,036,000 after buying an additional 5,000 shares during the period. Atria Investments Inc bought a new stake in Advanced Energy Industries during the 1st quarter valued at $1,226,000. Oppenheimer Asset Management Inc. raised its holdings in shares of Advanced Energy Industries by 36.0% in the second quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker's stock valued at $4,209,000 after acquiring an additional 10,243 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker's stock worth $70,442,000 after buying an additional 118,328 shares in the last quarter. Finally, Public Sector Pension Investment Board boosted its position in Advanced Energy Industries by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker's stock valued at $8,956,000 after purchasing an additional 5,930 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock traded up $0.39 during midday trading on Monday, reaching $109.84. The company's stock had a trading volume of 222,979 shares, compared to its average volume of 212,825. The firm has a market capitalization of $4.14 billion, a PE ratio of 96.01, a P/E/G ratio of 6.47 and a beta of 1.48. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $120.81. The stock's 50 day simple moving average is $106.22 and its 200 day simple moving average is $106.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. The business had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business's revenue was down 8.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.12 earnings per share. On average, equities research analysts forecast that Advanced Energy Industries, Inc. will post 2.5 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, December 6th. Shareholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.36%. Advanced Energy Industries's dividend payout ratio is presently 35.09%.

Wall Street Analysts Forecast Growth

AEIS has been the topic of a number of analyst reports. StockNews.com raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Monday, November 4th. Wells Fargo & Company decreased their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. Susquehanna cut their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating for the company in a report on Friday, October 11th. Benchmark reaffirmed a "buy" rating and set a $117.00 target price on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Advanced Energy Industries in a research report on Thursday, October 31st. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $112.75.

Advanced Energy Industries 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.