Commerce Bank acquired a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,433 shares of the electronics maker’s stock, valued at approximately $1,280,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. purchased a new position in Advanced Energy Industries in the second quarter worth $1,725,045,000. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $123,403,000. Fuller & Thaler Asset Management Inc. increased its position in shares of Advanced Energy Industries by 1,734.1% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 427,674 shares of the electronics maker’s stock valued at $89,542,000 after purchasing an additional 404,356 shares during the last quarter. Wellington Management Group LLP bought a new stake in shares of Advanced Energy Industries during the 3rd quarter worth $50,173,000. Finally, Bank of New York Mellon Corp purchased a new position in shares of Advanced Energy Industries in the 2nd quarter worth about $95,719,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Up 0.3%
Shares of NASDAQ:AEIS opened at $275.43 on Wednesday. The firm has a fifty day moving average price of $317.25 and a two-hundred day moving average price of $327.07. The company has a market cap of $11.03 billion, a price-to-earnings ratio of 51.39 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.79 and a quick ratio of 2.94. Advanced Energy Industries, Inc. has a one year low of $144.09 and a one year high of $397.44.
Advanced Energy Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries’s payout ratio is presently 7.46%.
Insider Activity at Advanced Energy Industries
In other news, COO Eduardo Bernal Acebedo sold 24,771 shares of the stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total value of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares of the company’s stock, valued at $7,290,427.32. This represents a 51.74% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Elizabeth Karpinski Vonne sold 908 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total transaction of $302,073.44. Following the sale, the executive vice president directly owned 10,712 shares of the company’s stock, valued at $3,563,668.16. This represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on AEIS. Zacks Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Robert W. Baird raised their target price on Advanced Energy Industries from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Susquehanna upped their price target on Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Weiss Ratings downgraded shares of Advanced Energy Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $400.00 target price on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
Get Our Latest Analysis on Advanced Energy Industries
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
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