Tema Etfs LLC Takes Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Tema Etfs LLC acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,528 shares of the electronics maker’s stock, valued at approximately $408,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. 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. Silvercrest Asset Management Group LLC bought a new stake in Advanced Energy Industries in the fourth quarter valued at $58,393,000. Sora Investors LLC grew its position in Advanced Energy Industries by 193.6% in the fourth quarter. Sora Investors LLC now owns 132,114 shares of the electronics maker’s stock valued at $15,276,000 after acquiring an additional 87,114 shares during the period. ProShare Advisors LLC grew its position in Advanced Energy Industries by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 11,285 shares of the electronics maker’s stock valued at $1,305,000 after acquiring an additional 3,471 shares during the period. Finally, Quantinno Capital Management LP grew its position in Advanced Energy Industries by 8.7% in the fourth quarter. Quantinno Capital Management LP now owns 3,255 shares of the electronics maker’s stock valued at $376,000 after acquiring an additional 260 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now owns 3,492 shares of the company’s stock, valued at approximately $451,760.04. This represents a 31.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction dated 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 transaction, the chief operating officer now directly owns 19,822 shares in the company, 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. 1.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Tuesday, May 6th. Citigroup upped their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $130.00 price target (down from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Needham & Company LLC lowered their price target on Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating on the stock in a research report on Thursday, May 1st. Finally, Robert W. Baird boosted their price objective on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $124.67.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $118.15 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $132.16. The firm has a market cap of $4.45 billion, a P/E ratio of 82.62, a P/E/G ratio of 1.39 and a beta of 1.50. The business’s fifty day moving average is $99.46 and its two-hundred day moving average is $110.57.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The business had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. During the same quarter in the prior year, the firm posted $0.58 earnings per share. The firm’s revenue for the quarter was up 23.5% compared to the same quarter last year. Equities research 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 company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Monday, May 26th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 20.62%.

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.