Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix Sells 1,600 Shares

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix sold 1,600 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. This trade represents a 31.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Advanced Energy Industries Trading Up 3.8 %

Advanced Energy Industries stock traded up $4.81 during trading hours on Wednesday, reaching $131.54. 390,225 shares of the company’s stock traded hands, compared to its average volume of 277,766. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $131.64. The firm has a market capitalization of $4.96 billion, a price-to-earnings ratio of 91.99, a PEG ratio of 1.33 and a beta of 1.45. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The firm’s 50 day moving average is $117.75 and its 200-day moving average is $110.87.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. On average, analysts predict that Advanced Energy Industries, Inc. will post 3.78 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Advanced Energy Industries’s dividend payout ratio is presently 27.97%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AEIS shares. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research report on Monday, December 16th. Stifel Nicolaus boosted their price objective on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Finally, Benchmark restated a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $126.56.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Nisa Investment Advisors LLC increased its stake in Advanced Energy Industries by 1.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock worth $579,000 after acquiring an additional 85 shares during the period. Integrated Investment Consultants LLC lifted its holdings in Advanced Energy Industries by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock valued at $531,000 after buying an additional 100 shares during the period. Stifel Financial Corp grew its holdings in Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after purchasing an additional 102 shares during the period. Heritage Family Offices LLP boosted its holdings in Advanced Energy Industries by 6.1% in the fourth quarter. Heritage Family Offices LLP now owns 2,019 shares of the electronics maker’s stock worth $233,000 after acquiring an additional 116 shares in the last quarter. Finally, Summit Investment Advisors Inc. increased its stake in Advanced Energy Industries by 3.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 124 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

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.