Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Set to Pay Quarterly Dividend of $0.10

Advanced Energy Industries, Inc. (NASDAQ:AEIS) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.10 per share by the electronics maker on Friday, December 4th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, November 23rd.

Advanced Energy Industries has a payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $12.77 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 3.1%.

Advanced Energy Industries Trading Down 11.1%

NASDAQ:AEIS traded down $26.54 during mid-day trading on Wednesday, hitting $211.56. The company had a trading volume of 929,071 shares, compared to its average volume of 745,842. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. Advanced Energy Industries has a fifty-two week low of $187.71 and a fifty-two week high of $397.44. The firm has a market cap of $8.47 billion, a P/E ratio of 30.44 and a beta of 1.38. The business’s fifty day moving average is $265.13 and its two-hundred day moving average is $307.14.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, November 2nd. The electronics maker reported $3.65 EPS for the quarter, topping analysts’ consensus estimates of $3.04 by $0.61. The company had revenue of $696.40 million for the quarter, compared to analyst estimates of $644.85 million. Advanced Energy Industries had a return on equity of 25.79% and a net margin of 12.72%. Advanced Energy Industries’s revenue was up 50.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.74 earnings per share. As a group, research analysts expect that Advanced Energy Industries will post 9.55 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Elizabeth Vonne sold 632 shares of the firm’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 transaction of $182,104.48. Following the transaction, the executive vice president directly owned 9,177 shares of the company’s stock, valued at approximately $2,644,260.78. This trade represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 directly owned 23,109 shares of the company’s stock, valued at $7,290,427.32. This represents a 51.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,218 shares of company stock valued at $8,562,008 in the last three months. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Advanced Energy Industries

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of Advanced Energy Industries in the 2nd quarter valued at $1,725,045,000. Bank of America Corp DE bought a new position in Advanced Energy Industries in the second quarter valued at about $382,342,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Advanced Energy Industries during the second quarter valued at about $166,162,000. Arrowstreet Capital Limited Partnership grew its holdings in shares of Advanced Energy Industries by 17.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 335,591 shares of the electronics maker’s stock worth $108,299,000 after purchasing an additional 48,842 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new position in shares of Advanced Energy Industries in the second quarter valued at approximately $95,719,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company’s portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.