Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix Sells 1,000 Shares

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the sale, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Advanced Energy Industries Stock Down 0.7 %

AEIS stock opened at $110.77 on Thursday. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $120.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 97.17, a PEG ratio of 6.60 and a beta of 1.48. The business’s fifty day moving average price is $107.20 and its two-hundred day moving average price is $106.66.

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, topping analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the firm earned $1.12 earnings per share. On average, equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business 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 0.36%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Earnest Partners LLC grew its holdings in shares of Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after purchasing an additional 199,578 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after acquiring an additional 118,328 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in shares of Advanced Energy Industries during the 3rd quarter worth approximately $12,306,000. Bank of New York Mellon Corp raised its position in shares of Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares in the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Advanced Energy Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after purchasing an additional 73,028 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Robert W. Baird dropped their price objective on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus began coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 target price on the stock. TD Cowen dropped their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research note on Thursday, October 31st. Finally, Wells Fargo & Company reduced their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $113.75.

About Advanced Energy Industries

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.