Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 63.7% in the fourth quarter, Holdings Channel reports. The firm owned 369,438 shares of the electronics maker’s stock after acquiring an additional 143,692 shares during the period. Wells Fargo & Company MN’s holdings in Advanced Energy Industries were worth $40,239,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AEIS. Signaturefd LLC raised its stake in Advanced Energy Industries by 52.3% during the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after acquiring an additional 209 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in shares of Advanced Energy Industries during the 3rd quarter worth approximately $85,000. Principal Securities Inc. purchased a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $87,000. Group One Trading L.P. raised its stake in shares of Advanced Energy Industries by 26.0% during the 3rd quarter. Group One Trading L.P. now owns 1,106 shares of the electronics maker’s stock worth $114,000 after buying an additional 228 shares in the last quarter. Finally, Peterson Wealth Services purchased a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $207,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Citigroup raised their price objective on Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a research note on Monday, May 6th. Susquehanna dropped their price objective on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, May 21st. Finally, Wells Fargo & Company dropped their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $108.86.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $109.46 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.40 and a current ratio of 5.61. The stock has a fifty day moving average of $99.14 and a two-hundred day moving average of $100.89. The company has a market capitalization of $4.10 billion, a price-to-earnings ratio of 40.24, a PEG ratio of 4.86 and a beta of 1.54. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). The company had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The business’s quarterly revenue was down 22.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. On average, analysts anticipate that Advanced Energy Industries, Inc. will post 2.57 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio is currently 14.71%.

About Advanced Energy Industries

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.