Sora Investors LLC Buys New Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Sora Investors LLC acquired a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,000 shares of the electronics maker's stock, valued at approximately $4,736,000. Sora Investors LLC owned 0.12% of Advanced Energy Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEIS. Huntington National Bank grew its stake in shares of Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock worth $33,000 after purchasing an additional 208 shares during the period. Quantbot Technologies LP acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth about $41,000. Meeder Asset Management Inc. increased its stake in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock valued at $48,000 after acquiring an additional 186 shares during the last quarter. GAMMA Investing LLC increased its stake in shares of Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker's stock valued at $68,000 after acquiring an additional 383 shares during the last quarter. Finally, Canada Pension Plan Investment Board acquired a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at approximately $87,000. 99.67% of the stock is owned by institutional investors.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business's stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares of the company's stock, valued at approximately $568,878.24. The trade was a 16.41 % 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 the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded up $1.61 during midday trading on Friday, hitting $116.31. 46,409 shares of the company's stock were exchanged, compared to its average volume of 213,223. The company's 50 day moving average price is $110.75 and its 200 day moving average price is $107.61. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $120.81. The firm has a market capitalization of $4.38 billion, a PE ratio of 100.26, a price-to-earnings-growth ratio of 6.93 and a beta of 1.47. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same quarter in the prior year, the business earned $1.12 EPS. Advanced Energy Industries's quarterly revenue was down 8.7% on a year-over-year basis. As a group, analysts predict that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a $0.10 dividend. The ex-dividend date is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Advanced Energy Industries's payout ratio is 35.09%.

Wall Street Analyst Weigh In

Several brokerages have commented on AEIS. Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the company an "equal weight" rating in a research note on Friday. Robert W. Baird lowered their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an "outperform" rating for the company in a research report on Friday, November 1st. Needham & Company LLC reiterated a "hold" rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Baird R W upgraded Advanced Energy Industries to a "strong-buy" rating in a report on Friday, September 20th. Finally, StockNews.com upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $116.00.

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.