Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lowered its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 92.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,997 shares of the electronics maker's stock after selling 977,549 shares during the quarter. Victory Capital Management Inc. owned 0.22% of Advanced Energy Industries worth $8,629,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Atria Investments Inc acquired a new stake in shares of Advanced Energy Industries in the first quarter valued at about $1,226,000. Oppenheimer Asset Management Inc. boosted its holdings in Advanced Energy Industries by 36.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker's stock worth $4,209,000 after buying an additional 10,243 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Advanced Energy Industries by 22.4% during the 2nd 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. Public Sector Pension Investment Board raised its holdings in shares of 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 acquiring an additional 5,930 shares during the last quarter. Finally, Earnest Partners LLC lifted its position in shares of Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker's stock valued at $182,910,000 after acquiring an additional 199,578 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm's stock in a transaction on 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. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

AEIS has been the topic of a number of research reports. StockNews.com upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Monday, November 4th. Benchmark reissued a "buy" rating and issued a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday. Robert W. Baird dropped 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 note on Friday, November 1st. Baird R W raised shares of Advanced Energy Industries to a "strong-buy" rating in a research note on Friday, September 20th. Finally, TD Cowen cut their price target on Advanced Energy Industries from $120.00 to $118.00 and set a "hold" rating for the company in a report on Thursday, October 31st. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $113.75.

Advanced Energy Industries Stock Up 2.4 %

NASDAQ AEIS traded up $2.66 on Friday, hitting $115.19. 304,469 shares of the stock were exchanged, compared to its average volume of 213,492. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $120.81. The company has a 50-day moving average price of $107.87 and a 200-day moving average price of $106.80. The company has a market cap of $4.34 billion, a PE ratio of 101.04, a PEG ratio of 6.60 and a beta of 1.48. 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 the consensus estimate 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 company had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same period in the prior year, the firm posted $1.12 earnings per share. The firm's revenue was down 8.7% on a year-over-year basis. Sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 2.5 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries's dividend payout ratio (DPR) is 35.09%.

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.