Peterson Wealth Services Takes $207,000 Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peterson Wealth Services bought a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,898 shares of the electronics maker’s stock, valued at approximately $207,000.

A number of other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Advanced Energy Industries by 0.7% in the first quarter. BlackRock Inc. now owns 5,649,921 shares of the electronics maker’s stock worth $486,344,000 after buying an additional 40,829 shares during the last quarter. Vanguard Group Inc. lifted its position in Advanced Energy Industries by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock worth $457,600,000 after buying an additional 37,231 shares during the last quarter. FMR LLC lifted its position in Advanced Energy Industries by 16.8% in the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after buying an additional 577,765 shares during the last quarter. State Street Corp lifted its position in Advanced Energy Industries by 0.5% in the first quarter. State Street Corp now owns 1,855,952 shares of the electronics maker’s stock worth $159,760,000 after buying an additional 8,883 shares during the last quarter. Finally, Earnest Partners LLC lifted its position in Advanced Energy Industries by 0.5% in the third quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after buying an additional 7,701 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Price Performance

Shares of AEIS stock opened at $90.81 on Friday. Advanced Energy Industries, Inc. has a 1-year low of $81.86 and a 1-year high of $126.38. The stock’s 50-day moving average is $99.42 and its 200 day moving average is $99.50. The company has a market cap of $3.39 billion, a P/E ratio of 26.71, a PEG ratio of 3.24 and a beta of 1.55. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.10 and a quick ratio of 4.10.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.10. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. The company had revenue of $405.27 million for the quarter, compared to the consensus estimate of $407.66 million. Research analysts predict that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.44%. The ex-dividend date was Thursday, February 15th. Advanced Energy Industries’s dividend payout ratio is presently 11.76%.

Analysts Set New Price Targets

AEIS has been the subject of a number of analyst reports. TheStreet upgraded Advanced Energy Industries from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Wells Fargo & Company reduced their target price on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Hold” and a consensus target price of $115.14.

Advanced Energy Industries Company Profile

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.