Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Acquired by Dean Investment Associates LLC

Dean Investment Associates LLC increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 123.5% in the third quarter, Holdings Channel reports. The firm owned 35,817 shares of the electronics maker’s stock after buying an additional 19,791 shares during the quarter. Dean Investment Associates LLC’s holdings in Advanced Energy Industries were worth $3,769,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of AEIS. Stifel Financial Corp grew its stake in shares of Advanced Energy Industries by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares during the last quarter. Azzad Asset Management Inc. ADV grew its position in Advanced Energy Industries by 1.7% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after buying an additional 124 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Advanced Energy Industries by 5.5% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after buying an additional 130 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after buying an additional 186 shares during the period. Finally, Arizona State Retirement System raised its position in Advanced Energy Industries by 2.0% during the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock worth $1,136,000 after buying an additional 203 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Trading Up 2.4 %

NASDAQ:AEIS opened at $117.43 on Friday. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $4.42 billion, a PE ratio of 103.01, a price-to-earnings-growth ratio of 6.96 and a beta of 1.47. The stock has a fifty day simple moving average of $111.00 and a 200-day simple moving average of $107.68. Advanced Energy Industries, Inc. has a 52-week low of $89.11 and a 52-week high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last announced its 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. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter in the prior year, the firm earned $1.12 EPS. Advanced Energy Industries’s quarterly revenue was down 8.7% on a year-over-year basis. On average, equities research analysts expect that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective on the stock. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, November 20th. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. TD Cowen lowered their price target on shares of 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, Robert W. Baird reduced their price objective on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Six equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus price target of $116.00.

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.