Peak6 LLC Invests $476,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peak6 LLC acquired a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 4,116 shares of the electronics maker’s stock, valued at approximately $476,000.

A number of other large investors have also recently bought and sold shares of the business. Norges Bank bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth about $68,949,000. Raymond James Financial Inc. acquired a new stake in Advanced Energy Industries in the 4th quarter worth approximately $9,864,000. Vanguard Group Inc. boosted its position in 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 during the period. Wealthfront Advisers LLC acquired a new position in Advanced Energy Industries during the fourth quarter valued at approximately $8,002,000. Finally, Principal Financial Group Inc. raised its position in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after purchasing an additional 53,566 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Performance

AEIS opened at $86.79 on Monday. The stock’s 50 day simple moving average is $104.06 and its 200-day simple moving average is $110.86. 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 stock has a market cap of $3.29 billion, a PE ratio of 60.69, a P/E/G ratio of 1.39 and a beta of 1.47. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last announced 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%. Sell-side analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were paid a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Advanced Energy Industries’s dividend payout ratio is currently 27.97%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AEIS shares. Stifel Nicolaus raised their target price on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research note 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 research report on Thursday, February 13th. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised 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 report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average price target of $126.56.

Insider Transactions at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now directly owns 3,492 shares in the company, valued at $451,760.04. This represents a 31.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm’s stock in a transaction 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 sale, the chief operating officer now directly owns 19,822 shares of the company’s stock, valued at $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

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.