Los Angeles Capital Management LLC lessened its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 7.4% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,986 shares of the electronics maker’s stock after selling 2,733 shares during the period. Los Angeles Capital Management LLC owned 0.09% of Advanced Energy Industries worth $6,988,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new stake in shares of Advanced Energy Industries in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. raised its position in shares of Advanced Energy Industries by 40.6% in the fourth quarter. Cullen Frost Bankers Inc. now owns 194 shares of the electronics maker’s stock worth $41,000 after buying an additional 56 shares in the last quarter. Danske Bank A S purchased a new stake in shares of Advanced Energy Industries in the third quarter worth $34,000. Measured Wealth Private Client Group LLC purchased a new stake in shares of Advanced Energy Industries in the third quarter worth $36,000. Finally, Leonteq Securities AG purchased a new stake in shares of Advanced Energy Industries in the fourth quarter worth $45,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Trading Up 3.8%
Shares of NASDAQ:AEIS opened at $306.11 on Tuesday. The stock’s 50-day moving average price is $343.50 and its 200-day moving average price is $290.76. Advanced Energy Industries, Inc. has a 12-month low of $122.08 and a 12-month high of $397.44. The stock has a market capitalization of $11.64 billion, a P/E ratio of 64.44, a price-to-earnings-growth ratio of 1.28 and a beta of 1.30.
Advanced Energy Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 25th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Advanced Energy Industries’s dividend payout ratio (DPR) is 8.42%.
Wall Street Analysts Forecast Growth
AEIS has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Saturday, March 7th. Zacks Research upgraded Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Friday, May 8th. Needham & Company LLC increased their price objective on Advanced Energy Industries from $330.00 to $400.00 and gave the stock a “buy” rating in a research report on Tuesday, May 5th. KeyCorp raised their price target on Advanced Energy Industries from $375.00 to $415.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Finally, Stifel Nicolaus raised their price target on Advanced Energy Industries from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $358.00.
Insider Activity
In other news, EVP Elizabeth Karpinski Vonne sold 966 shares of the firm’s stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $369.40, for a total transaction of $356,840.40. Following the transaction, the executive vice president directly owned 11,616 shares of the company’s stock, valued at approximately $4,290,950.40. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul R. Oldham sold 4,314 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The shares were sold at an average price of $315.99, for a total value of $1,363,180.86. Following the transaction, the executive vice president directly owned 22,217 shares in the company, valued at $7,020,349.83. This trade represents a 16.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 6,514 shares of company stock valued at $2,102,796. 1.30% of the stock is currently owned by insiders.
Advanced Energy Industries Profile
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
Recommended Stories
- Five stocks we like better than Advanced Energy Industries
- 3 Stocks With Fresh Catalysts to Watch Before the July 4
- Amprius Insiders Are Selling: Should Investors Be Worried?
- A Weaker Dollar Could Put These 3 Industrial Stocks Back in Focus
- A Market Rotation Toward Quality Will Benefit These 3 ETFs
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.
