New Age Alpha Advisors LLC Acquires Shares of 1,319 Advanced Energy Industries, Inc. (NASDAQ:AEIS)

New Age Alpha Advisors 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 1,319 shares of the electronics maker’s stock, valued at approximately $153,000.

Other institutional investors have also recently made changes to their positions in the company. Nisa Investment Advisors LLC lifted its position in Advanced Energy Industries by 1.7% in the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after acquiring an additional 85 shares in the last quarter. Integrated Investment Consultants LLC boosted its position in shares of Advanced Energy Industries by 2.2% during the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock valued at $531,000 after buying an additional 100 shares during the last quarter. Stifel Financial Corp increased its holdings in Advanced Energy Industries by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after buying an additional 102 shares in the last quarter. Heritage Family Offices LLP raised its position in Advanced Energy Industries by 6.1% in the 4th quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after buying an additional 116 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake in Advanced Energy Industries by 16.1% during the 4th quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock valued at $114,000 after acquiring an additional 137 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Buying and Selling

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 19,822 shares of the company’s stock, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries 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 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 disclosure for this sale can be found here. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on AEIS shares. Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price target on shares of Advanced Energy Industries in a report on Thursday, February 13th. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective for the company in a report on Monday, December 16th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $110.00 to $138.00 in a report on Monday, January 6th. Finally, Robert W. Baird cut their price target on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Stock Up 1.4 %

AEIS opened at $96.52 on Thursday. The stock has a market cap of $3.66 billion, a price-to-earnings ratio of 67.50, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The firm’s fifty day moving average is $112.05 and its 200 day moving average is $112.37. Advanced Energy Industries, Inc. has a fifty-two week low of $89.12 and a fifty-two week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. On average, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Advanced Energy Industries Company 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.