ExodusPoint Capital Management LP Has $323,000 Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)


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ExodusPoint Capital Management LP decreased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 45.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,332 shares of the electronics maker’s stock after selling 2,757 shares during the quarter. ExodusPoint Capital Management LP’s holdings in Advanced Energy Industries were worth $323,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Archer Investment Corp acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth $39,000. Point72 Hong Kong Ltd acquired a new stake in shares of Advanced Energy Industries during the 3rd quarter worth about $28,000. Vantage Consulting Group Inc acquired a new stake in shares of Advanced Energy Industries during the 4th quarter worth about $49,000. Eudaimonia Partners LLC acquired a new stake in shares of Advanced Energy Industries during the 3rd quarter worth about $68,000. Finally, Acadian Asset Management LLC acquired a new stake in Advanced Energy Industries in the 3rd quarter valued at about $57,000. Institutional investors own 95.48% of the company’s stock.

Advanced Energy Industries stock opened at $117.67 on Thursday. The company’s 50 day simple moving average is $107.16 and its 200 day simple moving average is $95.32. Advanced Energy Industries, Inc. has a fifty-two week low of $46.98 and a fifty-two week high of $125.55. The firm has a market capitalization of $4.52 billion, a price-to-earnings ratio of 43.58 and a beta of 1.81. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.91 and a quick ratio of 2.14.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Tuesday, February 9th. The electronics maker reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.14. Advanced Energy Industries had a net margin of 7.45% and a return on equity of 23.64%. The business had revenue of $370.97 million for the quarter, compared to analyst estimates of $364.66 million. During the same quarter last year, the firm earned $0.87 EPS. Advanced Energy Industries’s quarterly revenue was up 9.7% compared to the same quarter last year. As a group, analysts predict that Advanced Energy Industries, Inc. will post 4.82 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 5th. Investors of record on Monday, February 22nd were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date was Friday, February 19th. Advanced Energy Industries’s payout ratio is 17.39%.

Several equities research analysts have weighed in on AEIS shares. Rosenblatt Securities raised their price objective on shares of Advanced Energy Industries from $120.00 to $122.00 and gave the company a “buy” rating in a research report on Tuesday, December 15th. Cowen raised their price objective on shares of Advanced Energy Industries from $88.00 to $100.00 and gave the company a “market perform” rating in a research report on Tuesday, December 15th. Needham & Company LLC raised their price objective on shares of Advanced Energy Industries from $92.00 to $118.00 and gave the company a “buy” rating in a research report on Tuesday, December 15th. They noted that the move was a valuation call. Citigroup lowered their price objective on shares of Advanced Energy Industries from $130.00 to $120.00 and set a “neutral” rating for the company in a research report on Thursday, February 11th. Finally, DA Davidson raised their target price on shares of Advanced Energy Industries from $100.00 to $115.00 and gave the company a “buy” rating in a research note on Tuesday, December 15th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $108.75.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers process power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF matching networks and remote plasma sources for reactive gas applications and RF instrumentation.

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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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