Alps Advisors Inc. Purchases New Stake in Advanced Energy Industries, Inc. $AEIS

Alps Advisors Inc. purchased a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,280 shares of the electronics maker’s stock, valued at approximately $643,000.

Several other hedge funds also recently made changes to their positions in AEIS. BlackRock Inc. bought a new stake in shares of Advanced Energy Industries during the 2nd quarter valued at $1,725,045,000. Bank of America Corp DE bought a new stake in shares of Advanced Energy Industries during the second quarter valued at about $382,342,000. The Manufacturers Life Insurance Company bought a new stake in shares of Advanced Energy Industries during the second quarter valued at about $166,162,000. Bank of New York Mellon Corp bought a new stake in shares of Advanced Energy Industries during the second quarter valued at about $95,719,000. Finally, Bamco Inc. NY purchased a new stake in shares of Advanced Energy Industries in the second quarter worth about $51,966,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Wells Fargo & Company cut their price target on shares of Advanced Energy Industries from $360.00 to $310.00 and set an “overweight” rating for the company in a report on Tuesday, November 3rd. Morgan Stanley lowered their price objective on Advanced Energy Industries from $375.00 to $368.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 3rd. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Energy Industries in a research report on Tuesday, November 3rd. Needham & Company LLC restated a “buy” rating and set a $400.00 target price on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. Finally, Weiss Ratings cut Advanced Energy Industries from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, November 4th. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average price target of $391.64.

Insider Activity

In other Advanced Energy Industries news, EVP Elizabeth Vonne sold 908 shares of the firm’s stock in a transaction on 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Eduardo Acebedo sold 24,771 shares of the business’s stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the sale, 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 disclosure for this sale is available in the SEC filing. Insiders have sold 27,218 shares of company stock worth $8,562,008 in the last quarter. 1.30% of the stock is owned by corporate insiders.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $219.68 on Friday. The firm has a 50-day moving average of $255.34 and a 200-day moving average of $305.26. The firm has a market cap of $8.89 billion, a P/E ratio of 31.61, a P/E/G ratio of 0.43 and a beta of 1.38. The company has a current ratio of 3.62, a quick ratio of 2.73 and a debt-to-equity ratio of 0.71. Advanced Energy Industries, Inc. has a 1-year low of $178.37 and a 1-year high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Monday, November 2nd. The electronics maker reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.04 by $0.61. Advanced Energy Industries had a net margin of 12.72% and a return on equity of 24.95%. The business had revenue of $696.40 million for the quarter, compared to analysts’ expectations of $644.85 million. During the same quarter in the previous year, the business posted $1.74 earnings per share. The firm’s revenue for the quarter was up 50.3% compared to the same quarter last year. Sell-side analysts expect that Advanced Energy Industries, Inc. will post 10.38 EPS for the current year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Monday, November 23rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Advanced Energy Industries’s payout ratio is presently 5.76%.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc. designs and manufactures precision power-conversion, measurement and control technologies. Founded in 1981, the company supplies solutions used in applications where reliable, precisely controlled power is important. Its products include power supplies, high-voltage and radio-frequency power systems, and measurement and control technologies. These products support semiconductor manufacturing and other markets, including industrial, data center, medical and telecommunications applications.