Advanced Energy Industries, Inc. (AEIS) to Issue Quarterly Dividend of $0.10 on March 7th

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Tuesday, February 11th,RTT News reports. Investors of record on Monday, February 24th will be given a dividend of 0.10 per share by the electronics maker on Friday, March 7th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Monday, February 24th.

Advanced Energy Industries has a dividend payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.6%.

Advanced Energy Industries Price Performance

Shares of AEIS opened at $111.17 on Thursday. 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 stock has a market cap of $4.19 billion, a PE ratio of 97.52, a PEG ratio of 3.60 and a beta of 1.45. Advanced Energy Industries has a 12-month low of $89.11 and a 12-month high of $130.50. The business has a 50-day simple moving average of $117.11 and a two-hundred day simple moving average of $110.41.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Analysts anticipate that Advanced Energy Industries will post 2.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AEIS. Wells Fargo & Company increased their price objective on Advanced Energy Industries from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. TD Cowen reduced their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Robert W. Baird upped their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday, December 16th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $126.89.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is currently owned by company insiders.

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.