Principal Financial Group Inc. Reduces Stake in Advanced Energy Industries, Inc. $AEIS

Principal Financial Group Inc. reduced its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 13.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 504,435 shares of the electronics maker’s stock after selling 75,107 shares during the quarter. Principal Financial Group Inc.’s holdings in Advanced Energy Industries were worth $162,786,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Geode Capital Management LLC raised its holdings in shares of Advanced Energy Industries by 3.1% during the fourth quarter. Geode Capital Management LLC now owns 956,979 shares of the electronics maker’s stock valued at $200,393,000 after acquiring an additional 28,549 shares in the last quarter. Bank of America Corp DE boosted its holdings in Advanced Energy Industries by 2.2% in the second quarter. Bank of America Corp DE now owns 946,649 shares of the electronics maker’s stock valued at $125,431,000 after acquiring an additional 20,573 shares in the last quarter. Norges Bank purchased a new position in Advanced Energy Industries during the 4th quarter valued at $123,403,000. Franklin Resources Inc. increased its position in Advanced Energy Industries by 55.4% during the 4th quarter. Franklin Resources Inc. now owns 487,494 shares of the electronics maker’s stock valued at $102,067,000 after purchasing an additional 173,836 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Advanced Energy Industries by 1,734.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 427,674 shares of the electronics maker’s stock worth $89,542,000 after purchasing an additional 404,356 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Trading Up 2.2%

Shares of AEIS stock opened at $305.20 on Wednesday. The company’s fifty day moving average price is $331.85 and its 200-day moving average price is $313.81. The stock has a market cap of $11.61 billion, a PE ratio of 64.25, a price-to-earnings-growth ratio of 1.28 and a beta of 1.25. Advanced Energy Industries, Inc. has a 12 month low of $128.40 and a 12 month high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, May 4th. The electronics maker reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.12. Advanced Energy Industries had a net margin of 10.00% and a return on equity of 17.99%. The company had revenue of $511.00 million during the quarter, compared to analyst estimates of $505.81 million. During the same period last year, the business earned $1.23 EPS. Advanced Energy Industries’s quarterly revenue was up 26.3% compared to the same quarter last year. Advanced Energy Industries has set its Q2 2026 guidance at 1.930-2.430 EPS. On average, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 7.72 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Monday, May 25th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 8.42%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Robert W. Baird raised their target price on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of Advanced Energy Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 29th. Wells Fargo & Company upgraded shares of Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $345.00 to $465.00 in a report on Wednesday, July 1st. Citigroup lifted their price objective on Advanced Energy Industries from $385.00 to $410.00 and gave the company a “buy” rating in a research report on Wednesday, May 6th. Finally, Susquehanna upped their target price on Advanced Energy Industries from $430.00 to $535.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Ten investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $400.45.

Insider Buying and Selling at Advanced Energy Industries

In other news, EVP Elizabeth Karpinski Vonne sold 966 shares of Advanced Energy Industries stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 11,616 shares in the company, valued at approximately $4,290,950.40. This trade represents a 7.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.