Yousif Capital Management LLC raised its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 0.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,120 shares of the electronics maker’s stock after buying an additional 127 shares during the period. Yousif Capital Management LLC’s holdings in Advanced Energy Industries were worth $1,871,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AEIS. GAMMA Investing LLC increased its stake in Advanced Energy Industries by 65.1% in the 1st quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker’s stock valued at $194,000 after buying an additional 801 shares during the last quarter. Fifth Third Bancorp increased its stake in Advanced Energy Industries by 71.5% in the 1st quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker’s stock valued at $53,000 after buying an additional 233 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Advanced Energy Industries by 8.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 3,500 shares of the electronics maker’s stock valued at $334,000 after buying an additional 259 shares during the last quarter. QRG Capital Management Inc. increased its stake in Advanced Energy Industries by 6.7% in the 1st quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker’s stock valued at $536,000 after buying an additional 355 shares during the last quarter. Finally, Blue Trust Inc. increased its stake in Advanced Energy Industries by 621.2% in the 1st quarter. Blue Trust Inc. now owns 2,957 shares of the electronics maker’s stock valued at $282,000 after buying an additional 2,547 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Advanced Energy Industries Stock Down 0.1%
Shares of AEIS opened at $191.98 on Friday. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $195.23. The firm has a market cap of $7.24 billion, a P/E ratio of 86.87, a price-to-earnings-growth ratio of 1.52 and a beta of 1.55. The firm’s 50-day simple moving average is $163.69 and its 200 day simple moving average is $134.77. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.97 and a current ratio of 4.09.
Advanced Energy Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 5th. Investors 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 dividend payout ratio is 18.10%.
Wall Street Analysts Forecast Growth
AEIS has been the topic of several recent analyst reports. Benchmark boosted their price objective on shares of Advanced Energy Industries from $130.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, August 6th. KeyCorp boosted their price objective on shares of Advanced Energy Industries from $180.00 to $195.00 and gave the stock an “overweight” rating in a research note on Friday, October 10th. TD Cowen boosted their price objective on shares of Advanced Energy Industries from $118.00 to $140.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Wells Fargo & Company boosted their price objective on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an “equal weight” rating in a research note on Friday, June 27th. Finally, Wall Street Zen upgraded shares of Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average target price of $154.44.
Get Our Latest Report on Advanced Energy Industries
Insider Transactions at Advanced Energy Industries
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 shares were sold at an average price of $160.73, for a total value of $160,730.00. Following the completion of the sale, the executive vice president owned 10,029 shares of the company’s stock, valued at $1,611,961.17. The trade was a 9.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 1.20% of the stock is owned by corporate insiders.
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.
Further Reading
- Five stocks we like better than Advanced Energy Industries
- Quiet Period Expirations Explained
- Johnson & Johnson’s M&A Strategy Is the Real Story for Investors
- Differences Between Momentum Investing and Long Term Investing
- Tesla: Some Analysts Are Calling for A 30% Drop—Time to Panic?
- Energy and Oil Stocks Explained
- Hedge Funds Flip on the Dollar—A Buy Signal for These 3 Stocks?
Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report).
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.