NorthRock Partners LLC grew its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 32.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 8,506 shares of the electronics maker’s stock after buying an additional 2,088 shares during the period. NorthRock Partners LLC’s holdings in Advanced Energy Industries were worth $3,172,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. PDT Partners LLC purchased a new position in shares of Advanced Energy Industries in the second quarter worth about $23,188,000. Reinhart Partners LLC. acquired a new stake in shares of Advanced Energy Industries during the second quarter worth about $3,433,000. Handelsbanken Fonder AB boosted its position in Advanced Energy Industries by 83.7% in the fourth quarter. Handelsbanken Fonder AB now owns 91,446 shares of the electronics maker’s stock valued at $19,146,000 after buying an additional 41,654 shares during the last quarter. Pacer Advisors Inc. purchased a new stake in Advanced Energy Industries in the first quarter valued at approximately $1,939,000. Finally, Bessemer Group Inc. increased its holdings in Advanced Energy Industries by 2,806.2% in the 4th quarter. Bessemer Group Inc. now owns 40,599 shares of the electronics maker’s stock worth $8,501,000 after buying an additional 39,202 shares during the period. 99.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
AEIS has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Energy Industries in a research report on Wednesday, August 26th. TD Cowen upped their price objective on shares of Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a report on Tuesday, August 4th. Zacks Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Bank of America raised their target price on shares of Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. Finally, Wall Street Zen upgraded shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
Insiders Place Their Bets
In other Advanced Energy Industries news, COO Eduardo Acebedo sold 24,771 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total value of $7,814,755.08. Following the completion of the transaction, the chief operating officer owned 23,109 shares of the company’s stock, valued at approximately $7,290,427.32. The trade was a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elizabeth Vonne sold 908 shares of the company’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total transaction of $302,073.44. Following the completion of the transaction, the executive vice president owned 10,712 shares of the company’s stock, valued at approximately $3,563,668.16. This trade represents a 7.81% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 26,586 shares of company stock valued at $8,379,904 in the last ninety days. 1.30% of the stock is owned by corporate insiders.
Advanced Energy Industries Stock Down 1.1%
Shares of AEIS stock opened at $285.52 on Thursday. Advanced Energy Industries, Inc. has a twelve month low of $154.77 and a twelve month high of $397.44. The stock has a market cap of $11.44 billion, a P/E ratio of 53.27 and a beta of 1.31. The stock has a 50 day moving average of $298.31 and a 200 day moving average of $325.44. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78.
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last issued its quarterly earnings data on Monday, August 3rd. The electronics maker reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.53. The business had revenue of $574.10 million for the quarter, compared to analysts’ expectations of $544.41 million. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The business’s revenue was up 30.0% on a year-over-year basis. During the same quarter last year, the company earned $1.50 EPS. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. As a group, sell-side analysts expect that Advanced Energy Industries, Inc. will post 9.5 EPS for the current year.
Advanced Energy Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, August 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 7.46%.
Advanced Energy Industries Company 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.
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