Advanced Energy Industries, Inc. (NASDAQ:AEIS) Announces $0.10 Quarterly Dividend

Advanced Energy Industries, Inc. (NASDAQ:AEIS) declared a quarterly dividend on Wednesday, April 23rd, RTT News reports. Shareholders of record on Monday, May 26th will be given a dividend of 0.10 per share by the electronics maker on Friday, June 6th. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date of this dividend is Friday, May 23rd.

Advanced Energy Industries has a payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advanced Energy Industries to earn $5.07 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.9%.

Advanced Energy Industries Stock Performance

AEIS opened at $118.62 on Wednesday. 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 cap of $4.47 billion, a price-to-earnings ratio of 82.95, a PEG ratio of 1.39 and a beta of 1.50. Advanced Energy Industries has a 52-week low of $75.01 and a 52-week high of $132.16. The firm’s fifty day simple moving average is $100.02 and its two-hundred day simple moving average is $110.68.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data 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. The business had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The company’s revenue was up 23.5% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. Equities analysts anticipate that Advanced Energy Industries will post 3.66 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. Robert W. Baird increased their price objective on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company decreased their price objective on shares of 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. Needham & Company LLC decreased their price target on shares of Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating on the stock in a research note on Thursday, May 1st. Finally, Citigroup raised their price target on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a “buy” rating in a research note on Monday, May 5th. 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 company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Insider Buying and Selling

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm’s stock in a transaction dated Monday, March 3rd. The shares were 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 directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. This trade represents a 49.34% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.20% of the stock is owned by company insiders.

Institutional Investors Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently bought and sold shares of AEIS. Royal Bank of Canada increased its position in Advanced Energy Industries by 16.5% during the first quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker’s stock worth $1,063,000 after purchasing an additional 1,578 shares during the last quarter. Advisors Asset Management Inc. increased its position in Advanced Energy Industries by 47.7% during the first quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock worth $51,000 after purchasing an additional 174 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Advanced Energy Industries during the first quarter worth about $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Advanced Energy Industries by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker’s stock worth $2,123,000 after purchasing an additional 970 shares during the last quarter. Finally, United Services Automobile Association acquired a new stake in Advanced Energy Industries during the first quarter worth about $228,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

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.