Jefferies Financial Group Inc. purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the second quarter, according to its most recent filing with the SEC. The fund purchased 9,550 shares of the electronics maker’s stock, valued at approximately $3,561,000.
Several other institutional investors and hedge funds have also made changes to their positions in AEIS. BlackRock Inc. bought a new position in Advanced Energy Industries during the second quarter worth $1,725,045,000. Bank of America Corp DE bought a new stake in Advanced Energy Industries during the second quarter valued at $382,342,000. Norges Bank acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth $123,403,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Advanced Energy Industries during the second quarter worth $166,162,000. Finally, Fuller & Thaler Asset Management Inc. lifted its position in shares of Advanced Energy Industries by 1,734.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 427,674 shares of the electronics maker’s stock worth $89,542,000 after buying an additional 404,356 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.
Advanced Energy Industries Price Performance
Shares of AEIS opened at $272.82 on Friday. The stock’s fifty day moving average is $312.14 and its 200-day moving average is $326.96. The firm has a market capitalization of $10.93 billion, a price-to-earnings ratio of 50.90 and a beta of 1.29. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. Advanced Energy Industries, Inc. has a one year low of $144.09 and a one year high of $397.44.
Advanced Energy Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors 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 yield of 0.1%. Advanced Energy Industries’s payout ratio is presently 7.46%.
Insider Buying and Selling
In other news, EVP Elizabeth Karpinski Vonne sold 907 shares of the business’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $290.05, for a total value of $263,075.35. Following the sale, the executive vice president owned 9,805 shares of the company’s stock, valued at approximately $2,843,940.25. The trade was a 8.47% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eduardo Bernal Acebedo sold 24,771 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the completion of the sale, the chief operating officer owned 23,109 shares in the company, valued at approximately $7,290,427.32. This trade represents a 51.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 26,586 shares of company stock valued at $8,379,904 over the last 90 days. 1.30% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several research analysts have recently commented on AEIS shares. Wall Street Zen raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Seaport Research Partners raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a report on Tuesday, August 4th. Susquehanna lifted their target price on Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Robert W. Baird upped their target price on Advanced Energy Industries from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Tuesday, May 5th. Finally, Citigroup raised their price target on Advanced Energy Industries from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $409.50.
Get Our Latest Analysis on AEIS
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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