New York State Common Retirement Fund Has $39.36 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

New York State Common Retirement Fund reduced its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 373,981 shares of the electronics maker’s stock after selling 8,894 shares during the period. New York State Common Retirement Fund owned approximately 1.00% of Advanced Energy Industries worth $39,358,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC boosted its holdings in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Advanced Energy Industries in the 2nd quarter worth $87,000. Blue Trust Inc. raised its position in shares of Advanced Energy Industries by 2,150.0% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after acquiring an additional 774 shares during the period. Signaturefd LLC grew its holdings in shares of Advanced Energy Industries by 28.0% in the 3rd quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock valued at $106,000 after buying an additional 220 shares during the period. Finally, Hilltop National Bank raised its holdings in Advanced Energy Industries by 13.4% during the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after buying an additional 116 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Price Performance

AEIS stock opened at $109.57 on Friday. The company’s 50-day moving average is $104.05 and its 200-day moving average is $104.84. Advanced Energy Industries, Inc. has a 1 year low of $85.26 and a 1 year high of $119.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The stock has a market capitalization of $4.13 billion, a PE ratio of 96.11, a price-to-earnings-growth ratio of 5.45 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.05% and a net margin of 2.91%. Advanced Energy Industries’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.12 EPS. Equities research analysts expect that Advanced Energy Industries, Inc. will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued 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 Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AEIS. Citigroup lowered shares of Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research note on Monday, July 15th. Benchmark reiterated a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Finally, StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $112.75.

Advanced Energy Industries 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.