Susquehanna Fundamental Investments LLC grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 487.1% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 9,687 shares of the electronics maker’s stock after acquiring an additional 8,037 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in Advanced Energy Industries were worth $3,612,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of AEIS. Kemnay Advisory Services Inc. bought a new position in shares of Advanced Energy Industries in the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Advanced Energy Industries during the second quarter worth about $27,000. Whittier Trust Co. of Nevada Inc. bought a new stake in Advanced Energy Industries during the first quarter worth about $29,000. Twin Tree Management LP acquired a new stake in Advanced Energy Industries during the fourth quarter worth about $32,000. Finally, Danske Bank A S acquired a new stake in Advanced Energy Industries during the third quarter worth about $34,000. 99.67% of the stock is owned by institutional investors and hedge funds.
Advanced Energy Industries Stock Up 1.5%
Shares of NASDAQ:AEIS opened at $276.86 on Tuesday. The company has a market capitalization of $11.09 billion, a price-to-earnings ratio of 51.65 and a beta of 1.29. Advanced Energy Industries, Inc. has a 1 year low of $144.09 and a 1 year high of $397.44. The business’s 50-day moving average is $309.91 and its 200-day moving average is $327.28. 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 Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given 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 is Monday, August 24th. Advanced Energy Industries’s dividend payout ratio is presently 7.46%.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on the stock. Citigroup boosted their target price on shares of Advanced Energy Industries from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price objective on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. KeyCorp boosted their price objective on shares of 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, Morgan Stanley upped their target price on Advanced Energy Industries from $421.00 to $439.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given 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 an average price target of $409.50.
Get Our Latest Research Report on AEIS
Insiders Place Their Bets
In other Advanced Energy Industries news, EVP Elizabeth Karpinski Vonne sold 908 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44. Following the transaction, the executive vice president directly owned 10,712 shares of the company’s stock, valued at $3,563,668.16. The trade was a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Eduardo Bernal Acebedo sold 24,771 shares of the company’s 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 $7,290,427.32. This trade represents a 51.74% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 26,586 shares of company stock worth $8,379,904 over the last ninety days. Insiders own 1.30% of the company’s stock.
About Advanced Energy Industries
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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