Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) EVP Elizabeth Vonne sold 632 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $288.14, for a total value of $182,104.48. Following the completion of the sale, the executive vice president directly owned 9,177 shares of the company’s stock, valued at approximately $2,644,260.78. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Elizabeth Karpinski Vonne also recently made the following trade(s):
- On Thursday, August 27th, Elizabeth Vonne sold 907 shares of Advanced Energy Industries stock. The stock was sold at an average price of $290.05, for a total transaction of $263,075.35.
- On Tuesday, August 18th, Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44.
Advanced Energy Industries Trading Down 4.1%
NASDAQ:AEIS traded down $11.78 during trading hours on Thursday, hitting $273.74. The stock had a trading volume of 318,049 shares, compared to its average volume of 776,596. Advanced Energy Industries, Inc. has a one year low of $155.07 and a one year high of $397.44. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. The company has a market cap of $10.96 billion, a price-to-earnings ratio of 51.07 and a beta of 1.31. The business’s 50 day moving average is $298.31 and its 200-day moving average is $325.44.
Advanced Energy Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 24th. This represents a $0.40 annualized dividend and a yield of 0.1%. Advanced Energy Industries’s payout ratio is currently 7.46%.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on AEIS. Weiss Ratings restated a “hold (c+)” rating on shares of Advanced Energy Industries in a report on Wednesday, August 26th. TD Cowen lifted their price objective on Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a report on Tuesday, August 4th. Needham & Company LLC reiterated a “buy” rating and issued a $400.00 price objective on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. Seaport Research Partners raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 target price for the company in a research note on Tuesday, August 4th. Finally, Wall Street Zen upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries presently has an average rating of “Moderate Buy” and an average price target of $409.50.
Check Out Our Latest Analysis on Advanced Energy Industries
Hedge Funds Weigh In On Advanced Energy Industries
Large investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its stake in shares of Advanced Energy Industries by 16.5% in the 1st quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker’s stock valued at $1,063,000 after purchasing an additional 1,578 shares during the period. Advisors Asset Management Inc. boosted its position in shares of Advanced Energy Industries by 47.7% during the first quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock worth $51,000 after buying an additional 174 shares during the period. AQR Capital Management LLC bought a new position in shares of Advanced Energy Industries during the first quarter worth about $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Advanced Energy Industries by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker’s stock valued at $2,123,000 after buying an additional 970 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Advanced Energy Industries in the 1st quarter valued at approximately $228,000. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc (NASDAQ: AEIS) designs and manufactures highly engineered power conversion, measurement and control solutions. Its products help customers generate, control, convert, distribute and measure electrical power in demanding applications that require precision, reliability and high performance.
The company’s product portfolio includes direct-current and alternating-current power systems, high-voltage power supplies, radio-frequency power systems, pulsed power solutions, power delivery systems, measurement instruments and thermal-management products.
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