Avantax Advisory Services Inc. Acquires 600 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Avantax Advisory Services Inc. increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,700 shares of the electronics maker’s stock after acquiring an additional 600 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Advanced Energy Industries were worth $2,162,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in AEIS. Nisa Investment Advisors LLC grew its position in shares of Advanced Energy Industries by 1.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after purchasing an additional 85 shares in the last quarter. Integrated Investment Consultants LLC grew its position in shares of 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 purchasing an additional 100 shares in the last quarter. Stifel Financial Corp grew its position in shares of Advanced Energy Industries by 1.0% in the third 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 in the last quarter. Heritage Family Offices LLP grew its position in shares of 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 valued at $233,000 after purchasing an additional 116 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock valued at $114,000 after purchasing an additional 137 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares in the company, valued at approximately $2,212,333.42. This trade represents a 49.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares of the company’s stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Advanced Energy Industries Price Performance

Shares of Advanced Energy Industries stock opened at $106.19 on Monday. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $4.01 billion, a PE ratio of 74.26, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The business’s 50-day moving average price is $116.88 and its 200-day moving average price is $112.11. Advanced Energy Industries, Inc. has a 12 month low of $89.12 and a 12 month high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share 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%. Sell-side analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio is presently 27.97%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Robert W. Baird decreased their target price on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Wells Fargo & Company decreased their target price 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. Finally, 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. 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 company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $126.56.

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.