Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix Sells 1,600 Shares

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix sold 1,600 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now directly owns 3,492 shares in the company, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Advanced Energy Industries Trading Down 1.0 %

Shares of AEIS stock opened at $130.26 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The company has a market cap of $4.91 billion, a price-to-earnings ratio of 91.09, a PEG ratio of 1.40 and a beta of 1.45. Advanced Energy Industries, Inc. has a 1 year low of $89.11 and a 1 year high of $132.16. The firm has a fifty day moving average price of $118.28 and a 200-day moving average price of $111.14.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Monday, February 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Advanced Energy Industries’s dividend payout ratio is presently 27.97%.

Hedge Funds Weigh In On Advanced Energy Industries

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Advanced Energy Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock worth $568,168,000 after purchasing an additional 69,908 shares in the last quarter. Geode Capital Management LLC boosted its stake in Advanced Energy Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock worth $93,094,000 after purchasing an additional 15,030 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Advanced Energy Industries by 21.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker’s stock valued at $89,565,000 after buying an additional 138,814 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $71,494,000. Finally, Norges Bank bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $68,949,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company decreased their target price on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research report on Thursday, February 13th. Robert W. Baird lowered their price objective on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday, December 16th. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price objective on shares of Advanced Energy Industries in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.56.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.