VIRGINIA RETIREMENT SYSTEMS ET Al increased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 40.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,862 shares of the electronics maker’s stock after purchasing an additional 2,550 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Advanced Energy Industries were worth $1,855,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Bayforest Capital Ltd acquired a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $29,000. Danske Bank A S acquired a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $34,000. Measured Wealth Private Client Group LLC acquired a new stake in shares of Advanced Energy Industries during the third quarter valued at approximately $36,000. Park Place Capital Corp acquired a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $51,000. Finally, Torren Management LLC acquired a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $63,000. 99.67% of the stock is currently owned by institutional investors.
Advanced Energy Industries Stock Performance
Advanced Energy Industries stock opened at $323.46 on Friday. The firm’s 50 day moving average price is $344.21 and its two-hundred day moving average price is $278.25. Advanced Energy Industries, Inc. has a twelve month low of $112.25 and a twelve month high of $397.44. The firm has a market cap of $12.30 billion, a PE ratio of 68.10, a P/E/G ratio of 1.55 and a beta of 1.40.
Advanced Energy Industries Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Monday, May 25th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries’s dividend payout ratio is 8.42%.
Wall Street Analyst Weigh In
AEIS has been the topic of a number of recent analyst reports. TD Cowen boosted their price target on shares of Advanced Energy Industries from $300.00 to $350.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Wells Fargo & Company boosted their price target on shares of Advanced Energy Industries from $340.00 to $345.00 and gave the company an “equal weight” rating in a report on Tuesday, May 5th. Citigroup boosted their price target on shares of Advanced Energy Industries from $385.00 to $410.00 and gave the company a “buy” rating in a report on Wednesday, May 6th. Stifel Nicolaus boosted their price target on shares of Advanced Energy Industries from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, February 11th. Finally, Bank of America boosted their price target on shares of Advanced Energy Industries from $260.00 to $300.00 and gave the company a “buy” rating in a report on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and an average target price of $358.00.
Get Our Latest Analysis on Advanced Energy Industries
Insider Buying and Selling at Advanced Energy Industries
In other news, EVP Elizabeth Karpinski Vonne sold 966 shares of the stock in a transaction on Thursday, April 16th. The shares were sold at an average price of $369.40, for a total transaction of $356,840.40. Following the transaction, the executive vice president owned 11,616 shares in the company, valued at $4,290,950.40. This represents a 7.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Brian Shirley sold 1,234 shares of the company’s stock in a transaction on Friday, March 13th. The stock was sold at an average price of $310.19, for a total transaction of $382,774.46. Following the sale, the director directly owned 5,584 shares of the company’s stock, valued at approximately $1,732,100.96. This represents a 18.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 57,478 shares of company stock worth $18,250,393. Company 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.
Further Reading
- Five stocks we like better than Advanced Energy Industries
- MarketBeat Week in Review – 05/11 – 05/15
- Viking Sails to All-Time Highs—Fundamentals Signal More to Come
- Datavalut Gains Traction: 5 Reasons to Sell Now
- TMC Stock: Why This Pre-Revenue Miner Is Worth Watching
Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report).
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.
