505,001 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Acquired by Silvercrest Asset Management Group LLC

Silvercrest Asset Management Group LLC bought a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 505,001 shares of the electronics maker’s stock, valued at approximately $58,393,000.

Other institutional investors also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of Advanced Energy Industries by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock worth $53,204,000 after purchasing an additional 18,533 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in Advanced Energy Industries in the 4th quarter worth about $3,971,000. Fort Washington Investment Advisors Inc. OH boosted its stake in Advanced Energy Industries by 10.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock worth $16,137,000 after buying an additional 12,860 shares during the last quarter. Amundi grew its holdings in Advanced Energy Industries by 192.6% in the 4th quarter. Amundi now owns 19,405 shares of the electronics maker’s stock valued at $2,303,000 after buying an additional 12,773 shares during the period. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Advanced Energy Industries during the 4th quarter valued at about $487,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares in the company, valued at $451,760.04. This trade represents a 31.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction that occurred on Monday, March 3rd. The stock was 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 in the company, 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 1.20% of the company’s stock.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $118.76 on Friday. The firm’s fifty day simple moving average is $99.16 and its 200 day simple moving average is $110.49. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $132.16. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 83.05, a PEG ratio of 1.39 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.58 earnings per share. As a group, equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Monday, May 26th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is 20.62%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AEIS shares. Wells Fargo & Company decreased their target price on shares of 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. Robert W. Baird lifted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Tuesday, May 6th. Citigroup increased their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a “buy” rating in a research report on Monday, May 5th. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $124.67.

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.