PDT Partners LLC bought a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 62,188 shares of the electronics maker’s stock, valued at approximately $23,188,000. Advanced Energy Industries accounts for about 1.2% of PDT Partners LLC’s investment portfolio, making the stock its 4th largest position.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEIS. Canada Pension Plan Investment Board acquired a new stake in shares of Advanced Energy Industries during the 2nd quarter worth about $21,567,000. Castleark Management LLC purchased a new stake in shares of Advanced Energy Industries during the second quarter worth about $6,038,000. Nicholas Investment Partners LP acquired a new position in shares of Advanced Energy Industries in the second quarter valued at approximately $17,032,000. Legal & General Group Plc acquired a new position in shares of Advanced Energy Industries in the second quarter valued at approximately $19,726,000. Finally, The Manufacturers Life Insurance Company purchased a new position in shares of Advanced Energy Industries during the second quarter valued at approximately $166,162,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AEIS has been the topic of a number of analyst reports. Wall Street Zen upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Bank of America boosted their price target on Advanced Energy Industries from $430.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Zacks Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. KeyCorp raised their price objective on Advanced Energy Industries from $375.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Finally, Seaport Research Partners raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a research report on Tuesday, August 4th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $409.50.
Insider Buying and Selling at Advanced Energy Industries
In other news, COO Eduardo Bernal Acebedo sold 24,771 shares of the company’s stock in a transaction on 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 directly owned 23,109 shares in the company, valued at $7,290,427.32. This represents a 51.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Elizabeth Karpinski Vonne sold 908 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total value of $302,073.44. Following the completion of the transaction, the executive vice president directly owned 10,712 shares in the company, valued at $3,563,668.16. This trade represents a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by insiders.
Advanced Energy Industries Trading Up 0.3%
Shares of AEIS stock opened at $275.43 on Wednesday. The firm’s 50-day simple moving average is $317.25 and its 200-day simple moving average is $327.07. 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 1-year low of $144.09 and a 1-year high of $397.44. The firm has a market cap of $11.03 billion, a P/E ratio of 51.39 and a beta of 1.29.
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last released its earnings results on Monday, August 3rd. The electronics maker reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.53. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The firm had revenue of $574.10 million during the quarter, compared to the consensus estimate of $544.41 million. During the same period in the previous year, the firm earned $1.50 earnings per share. Advanced Energy Industries’s revenue was up 30.0% compared to the same quarter last year. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. As a group, equities analysts forecast that Advanced Energy Industries, Inc. will post 9.18 EPS for the current year.
Advanced Energy Industries Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be paid 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 currently 7.46%.
Advanced Energy Industries 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.
Featured Stories
- Five stocks we like better than Advanced Energy Industries
- Pathward’s Credit Scare Tests Its Comeback Story
- Wiring the AI Boom: Rumble’s $13.7B Pivot
- StoneX: Too Far Too Fast?
- DICK’s Sporting Goods Faces Pain Now for a Bigger Prize
Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report).
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.
