Wealthfront Advisers LLC Makes New Investment in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Wealthfront Advisers LLC purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 69,201 shares of the electronics maker's stock, valued at approximately $8,002,000. Wealthfront Advisers LLC owned approximately 0.18% of Advanced Energy Industries at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc lifted its position in Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after buying an additional 182 shares in the last quarter. Huntington National Bank grew its stake in shares of Advanced Energy Industries by 200.0% in the third quarter. Huntington National Bank now owns 312 shares of the electronics maker's stock valued at $33,000 after buying an additional 208 shares in the last quarter. Quantbot Technologies LP acquired a new position in Advanced Energy Industries during the 3rd quarter worth $41,000. Meeder Asset Management Inc. grew its stake in Advanced Energy Industries by 68.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker's stock worth $48,000 after purchasing an additional 186 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in Advanced Energy Industries during the 4th quarter worth $74,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Stock Performance

AEIS opened at $105.77 on Thursday. The stock has a market cap of $3.99 billion, a P/E ratio of 73.97, a P/E/G ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The stock's 50 day simple moving average is $117.40 and its 200 day simple moving average is $112.15. Advanced Energy Industries, Inc. has a 1-year low of $89.12 and a 1-year high of $132.16.

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Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its 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%. As a group, equities analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries's dividend payout ratio is presently 27.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on AEIS. Benchmark reaffirmed a "buy" rating and set a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Robert W. Baird reduced their target price on Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Bank of America upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Wells Fargo & Company dropped their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Finally, Stifel Nicolaus boosted their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $126.56.

Insider Transactions at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of the 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 in the company, valued at approximately $451,760.04. This represents a 31.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the sale, the chief operating officer now owns 19,822 shares of the company's stock, valued at $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.00% of the company's stock.

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.

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