Advanced Energy Industries (NASDAQ:AEIS) Reaches New 12-Month High – Here’s What Happened

Advanced Energy Industries, Inc. (NASDAQ:AEIS) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $130.80 and last traded at $130.71, with a volume of 180636 shares. The stock had previously closed at $126.73.

Analyst Ratings Changes

Several brokerages have commented on AEIS. Benchmark restated a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Stifel Nicolaus boosted their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Wells Fargo & Company cut their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $126.56.

Advanced Energy Industries Trading Down 2.9 %

The stock has a 50 day moving average of $118.47 and a 200 day moving average of $111.34. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The firm has a market cap of $4.77 billion, a P/E ratio of 88.49, a PEG ratio of 1.45 and a beta of 1.45.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. As a group, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, February 24th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.32%. Advanced Energy Industries’s dividend payout ratio is currently 27.97%.

Insider Activity

In other news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction 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 sale, the director now owns 3,492 shares in the company, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Versant Capital Management Inc grew its holdings in Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 182 shares during the period. Huntington National Bank boosted its position in shares of Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 208 shares in the last quarter. Russell Investments Group Ltd. grew its stake in shares of Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock worth $41,000 after buying an additional 135 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Advanced Energy Industries in the 3rd quarter worth approximately $41,000. Finally, Public Employees Retirement System of Ohio bought a new position in Advanced Energy Industries during the 4th quarter valued at approximately $47,000. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Company 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.