TD Waterhouse Canada Inc. boosted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 21.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,420 shares of the electronics maker’s stock after purchasing an additional 7,041 shares during the period. TD Waterhouse Canada Inc. owned approximately 0.10% of Advanced Energy Industries worth $14,052,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in AEIS. Root Financial Partners LLC increased its holdings in shares of Advanced Energy Industries by 33.3% during the 1st quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock worth $35,000 after buying an additional 27 shares during the last quarter. Basecamp Wealth Advisors LLC raised its position in shares of Advanced Energy Industries by 16.2% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 222 shares of the electronics maker’s stock worth $72,000 after buying an additional 31 shares during the period. Fifth Third Wealth Advisors LLC boosted its holdings in Advanced Energy Industries by 4.5% in the first quarter. Fifth Third Wealth Advisors LLC now owns 1,191 shares of the electronics maker’s stock valued at $384,000 after acquiring an additional 51 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in Advanced Energy Industries by 40.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 194 shares of the electronics maker’s stock valued at $41,000 after acquiring an additional 56 shares during the last quarter. Finally, CIBC Private Wealth Group LLC grew its position in Advanced Energy Industries by 6.8% during the fourth quarter. CIBC Private Wealth Group LLC now owns 906 shares of the electronics maker’s stock valued at $190,000 after acquiring an additional 58 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Price Performance
AEIS stock opened at $280.90 on Friday. The firm has a market cap of $11.25 billion, a P/E ratio of 52.41 and a beta of 1.31. 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 1 year low of $150.08 and a 1 year high of $397.44. The stock has a 50-day simple moving average of $302.75 and a 200-day simple moving average of $326.07.
Advanced Energy Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, August 24th. Advanced Energy Industries’s payout ratio is presently 7.46%.
Insider Buying and Selling at Advanced Energy Industries
In related news, COO Eduardo Acebedo sold 24,771 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the sale, the chief operating officer owned 23,109 shares of the company’s stock, valued at $7,290,427.32. The trade was a 51.74% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth Vonne sold 908 shares of the business’s 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 completion of the transaction, the executive vice president owned 10,712 shares in the company, valued at $3,563,668.16. This represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,586 shares of company stock valued at $8,379,904 over the last 90 days. Insiders own 1.30% of the company’s stock.
Analysts Set New Price Targets
Several brokerages have commented on AEIS. Bank of America upped their price target on Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a research note 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. Susquehanna boosted their target price on Advanced Energy Industries from $430.00 to $535.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Wall Street Zen raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Finally, TD Cowen raised their price target on shares of Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $409.50.
View Our Latest Analysis on AEIS
About Advanced Energy Industries
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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