Inspire Investing LLC lessened its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 18.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,945 shares of the electronics maker’s stock after selling 645 shares during the period. Inspire Investing LLC’s holdings in Advanced Energy Industries were worth $390,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently modified their holdings of AEIS. Caitong International Asset Management Co. Ltd bought a new stake in shares of Advanced Energy Industries in the 1st quarter worth $31,000. UMB Bank n.a. raised its position in shares of Advanced Energy Industries by 42.9% during the second quarter. UMB Bank n.a. now owns 313 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 94 shares during the period. Russell Investments Group Ltd. raised its position in shares of Advanced Energy Industries by 26.0% during the first quarter. Russell Investments Group Ltd. now owns 446 shares of the electronics maker’s stock worth $43,000 after purchasing an additional 92 shares during the period. Advisors Asset Management Inc. raised its position in shares of 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 period. Finally, Fifth Third Bancorp raised its position in shares of Advanced Energy Industries by 71.5% during the first quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker’s stock worth $53,000 after purchasing an additional 233 shares during the period. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Up 0.3%
NASDAQ:AEIS opened at $182.75 on Wednesday. The firm has a market capitalization of $6.89 billion, a price-to-earnings ratio of 82.69, a PEG ratio of 1.44 and a beta of 1.55. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $185.00. The company has a current ratio of 4.09, a quick ratio of 2.97 and a debt-to-equity ratio of 0.45. The business’s fifty day moving average price is $160.95 and its 200 day moving average price is $132.78.
Advanced Energy Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 25th were paid a $0.10 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.2%. Advanced Energy Industries’s payout ratio is 18.10%.
Insider Buying and Selling
In other Advanced Energy Industries news, EVP John Donaghey sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $160.73, for a total value of $160,730.00. Following the transaction, the executive vice president owned 10,029 shares in the company, valued at $1,611,961.17. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 1.20% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AEIS. Wells Fargo & Company boosted their target price on Advanced Energy Industries from $110.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, June 27th. Needham & Company LLC boosted their target price on Advanced Energy Industries from $155.00 to $188.00 and gave the stock a “buy” rating in a research report on Monday. KeyCorp boosted their target price on Advanced Energy Industries from $180.00 to $195.00 and gave the stock an “overweight” rating in a research report on Friday. TD Cowen boosted their target price on Advanced Energy Industries from $118.00 to $140.00 and gave the stock a “hold” rating in a research report on Wednesday, August 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Energy Industries in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Advanced Energy Industries has an average rating of “Moderate Buy” and a consensus target price of $154.44.
Get Our Latest Analysis on Advanced Energy Industries
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.
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