Weiss Asset Management LP Purchases New Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Weiss Asset Management LP purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,390 shares of the electronics maker's stock, valued at approximately $462,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AEIS. Earnest Partners LLC grew its holdings in shares of Advanced Energy Industries by 13.5% during the 2nd 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. Dimensional Fund Advisors LP increased its position in Advanced Energy Industries by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker's stock worth $103,428,000 after purchasing an additional 15,577 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in shares of 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 purchasing an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker's stock valued at $58,754,000 after buying an additional 102,659 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in Advanced Energy Industries by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker's stock worth $55,949,000 after buying an additional 13,967 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm's stock in a transaction dated Tuesday, November 19th. The shares were 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 in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.00% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Wells Fargo & Company lifted 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 decreased 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 report on Friday, November 1st. Benchmark restated a "buy" rating and set a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Susquehanna decreased their price target on Advanced Energy Industries from $103.00 to $92.00 and set a "neutral" rating for the company in a research note on Friday, October 11th. Finally, Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a "buy" rating and a $135.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $116.00.

Advanced Energy Industries Stock Performance

Shares of AEIS stock traded down $1.84 during trading hours on Tuesday, reaching $116.55. 145,508 shares of the company's stock were exchanged, compared to its average volume of 213,007. 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 quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.39 billion, a P/E ratio of 103.85, a P/E/G ratio of 6.90 and a beta of 1.47. The business has a fifty day moving average price of $111.27 and a 200-day moving average price of $107.74.

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

Advanced Energy Industries Dividend Announcement

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

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.