Congress Asset Management Co. Cuts Holdings in Advanced Energy Industries, Inc. $AEIS

Congress Asset Management Co. cut its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.9% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 147,598 shares of the electronics maker’s stock after selling 2,912 shares during the quarter. Congress Asset Management Co.’s holdings in Advanced Energy Industries were worth $41,596,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of AEIS. PDT Partners LLC bought a new position in Advanced Energy Industries in the second quarter worth about $23,188,000. Reinhart Partners LLC. bought a new stake in Advanced Energy Industries during the 2nd quarter valued at approximately $3,433,000. Troluce Capital Advisors LLC purchased a new position in shares of Advanced Energy Industries during the 2nd quarter worth approximately $24,237,000. Pacer Advisors Inc. purchased a new position in shares of Advanced Energy Industries during the 1st quarter worth approximately $1,939,000. Finally, B. Metzler seel. Sohn & Co. AG bought a new position in shares of Advanced Energy Industries in the 2nd quarter worth approximately $4,643,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Energy Industries

In related news, COO Eduardo Acebedo sold 24,771 shares of the business’s stock in a transaction that occurred 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 directly owned 23,109 shares in the company, valued at $7,290,427.32. The trade was a 51.74% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Elizabeth Vonne sold 632 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of $288.14, for a total value of $182,104.48. Following the completion of the transaction, the executive vice president directly owned 9,177 shares in the company, valued at $2,644,260.78. This trade represents a 6.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 27,218 shares of company stock valued at $8,562,008 in the last three months. 1.30% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AEIS shares. Wells Fargo & Company upgraded Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $345.00 to $465.00 in a research report on Wednesday, July 1st. TD Cowen increased their price objective on Advanced Energy Industries from $350.00 to $370.00 and gave the stock a “hold” rating in a report on Tuesday, August 4th. Morgan Stanley boosted their target price on shares of Advanced Energy Industries from $421.00 to $439.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Bank of America upped their target price on shares of Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a research report on Tuesday, June 23rd. Finally, Seaport Research Partners raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price target for the company in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus target price of $409.50.

Advanced Energy Industries Stock Up 1.8%

AEIS stock traded up $5.48 on Tuesday, reaching $302.77. 492,969 shares of the company traded hands, compared to its average volume of 754,422. The firm has a fifty day simple moving average of $288.83 and a 200-day simple moving average of $319.66. The company has a market cap of $12.13 billion, a P/E ratio of 56.49 and a beta of 1.31. Advanced Energy Industries, Inc. has a one year low of $169.35 and a one year high of $397.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.79 and a quick ratio of 2.94.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Monday, August 3rd. The electronics maker reported $2.74 EPS for the quarter, topping analysts’ consensus estimates of $2.21 by $0.53. Advanced Energy Industries had a return on equity of 20.75% and a net margin of 10.77%.The firm had revenue of $574.10 million for the quarter, compared to analysts’ expectations of $544.41 million. During the same period in the prior year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 30.0% on a year-over-year basis. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. Research analysts anticipate that Advanced Energy Industries, Inc. will post 9.53 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, August 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Advanced Energy Industries’s dividend payout ratio is presently 7.46%.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc (NASDAQ: AEIS) designs and manufactures precision power-conversion, measurement and control technologies. Its products help customers generate, convert, deliver and manage electrical power with high levels of efficiency, reliability and accuracy.

The company’s offerings include AC-DC and DC-DC power supplies, high-voltage power systems, radio-frequency power products, power-control equipment and precision measurement instruments. These products are used in semiconductor and electronics manufacturing equipment, industrial and medical applications, telecommunications, data centers, renewable energy systems and other demanding environments.

Founded in 1981, Advanced Energy serves a global customer base through operations and sales activities across North America, Europe and Asia.