Advanced Energy Industries, Inc. (NASDAQ:AEIS) Plans Quarterly Dividend of $0.10

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Monday, April 28th, RTT News reports. Stockholders of record on Saturday, May 24th will be given a dividend of 0.10 per share by the electronics maker on Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.40%.

Advanced Energy Industries has a payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Research analysts expect Advanced Energy Industries to earn $5.07 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 7.9%.

Advanced Energy Industries Trading Up 3.9 %

AEIS opened at $100.67 on Monday. The stock has a 50-day moving average of $101.13 and a 200 day moving average of $110.39. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. Advanced Energy Industries has a 12 month low of $75.01 and a 12 month high of $132.16. The firm has a market cap of $3.81 billion, a P/E ratio of 70.40, a P/E/G ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS) last released 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%. As a group, research analysts forecast that Advanced Energy Industries will post 3.66 EPS for the current year.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed 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 dated 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 directly owns 3,492 shares of the company’s stock, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Wall Street Analyst Weigh In

AEIS has been the subject of a number of recent analyst reports. Robert W. Baird dropped their price target on shares of Advanced Energy Industries from $136.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday. Stifel Nicolaus increased their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on 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. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Finally, Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $125.22.

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.