First Eagle Investment Management LLC Sells 5,500 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

First Eagle Investment Management LLC trimmed its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 4.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,133 shares of the electronics maker’s stock after selling 5,500 shares during the period. First Eagle Investment Management LLC owned about 0.30% of Advanced Energy Industries worth $13,082,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AEIS. State of New Jersey Common Pension Fund D raised its stake in Advanced Energy Industries by 1.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,090 shares of the electronics maker’s stock valued at $1,904,000 after acquiring an additional 260 shares during the period. Huntington National Bank raised its stake in Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after acquiring an additional 208 shares during the period. Meeder Asset Management Inc. raised its stake in Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after acquiring an additional 186 shares during the period. Segall Bryant & Hamill LLC raised its stake in Advanced Energy Industries by 24.3% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 136,897 shares of the electronics maker’s stock valued at $14,407,000 after acquiring an additional 26,782 shares during the period. Finally, Commerce Bank raised its stake in Advanced Energy Industries by 34.0% in the 3rd quarter. Commerce Bank now owns 3,327 shares of the electronics maker’s stock valued at $350,000 after acquiring an additional 845 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Up 4.5 %

Shares of NASDAQ AEIS opened at $106.19 on Friday. Advanced Energy Industries, Inc. has a 12 month low of $89.12 and a 12 month high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $4.01 billion, a price-to-earnings ratio of 74.26, a PEG ratio of 1.39 and a beta of 1.43. The business has a 50-day moving average of $116.88 and a 200-day moving average of $112.05.

Advanced Energy Industries (NASDAQ:AEIS) last issued its 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 return on equity of 8.90% and a net margin of 3.66%. Sell-side analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio is currently 27.97%.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the sale, the director now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares of the company’s stock, valued at $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus boosted their price objective on Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Robert W. Baird decreased their price target on 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. Finally, Benchmark reiterated a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Profile

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.