NEOS Investment Management LLC Makes New $437,000 Investment in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

NEOS Investment Management LLC bought a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,780 shares of the electronics maker’s stock, valued at approximately $437,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in Advanced Energy Industries during the 4th quarter valued at $9,864,000. Vanguard Group Inc. boosted 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 valued at $568,168,000 after buying an additional 69,908 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter valued at $8,002,000. Principal Financial Group Inc. increased its holdings in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after buying an additional 53,566 shares in the last quarter. Finally, Sora Investors LLC purchased a new position in Advanced Energy Industries in the 3rd quarter worth about $4,736,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Down 5.2 %

NASDAQ AEIS opened at $94.80 on Monday. Advanced Energy Industries, Inc. has a 52 week low of $89.12 and a 52 week high of $132.16. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.59 billion, a P/E ratio of 66.29, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The stock’s 50-day moving average price is $113.80 and its 200-day moving average price is $112.51.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share 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%. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Advanced Energy Industries’s dividend payout ratio is presently 27.97%.

Wall Street Analyst Weigh In

AEIS has been the subject of a number of research analyst reports. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Stifel Nicolaus lifted their target price on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price target on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Robert W. Baird cut their price objective on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $126.56.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company’s stock.

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.