Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) EVP Elizabeth Vonne sold 632 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $288.14, for a total value of $182,104.48. Following the sale, the executive vice president owned 9,177 shares of the company’s stock, valued at approximately $2,644,260.78. This represents a 6.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.
Elizabeth Karpinski Vonne also recently made the following trade(s):
- On Thursday, August 27th, Elizabeth Vonne sold 907 shares of Advanced Energy Industries stock. The shares were sold at an average price of $290.05, for a total value of $263,075.35.
- On Tuesday, August 18th, Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock. The stock was sold at an average price of $332.68, for a total value of $302,073.44.
Advanced Energy Industries Stock Down 4.1%
Shares of Advanced Energy Industries stock opened at $273.74 on Friday. The firm has a market cap of $10.96 billion, a price-to-earnings ratio of 51.07 and a beta of 1.31. The stock has a 50-day simple moving average of $297.56 and a 200-day simple moving average of $325.03. Advanced Energy Industries, Inc. has a 52-week low of $155.07 and a 52-week high of $397.44. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.79 and a quick ratio of 2.94.
Advanced Energy Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries’s dividend payout ratio is 7.46%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on AEIS shares. TD Cowen lifted their price objective on shares of Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a research note on Tuesday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Advanced Energy Industries in a research report on Wednesday, August 26th. Morgan Stanley raised their target price on Advanced Energy Industries from $421.00 to $439.00 and gave the company an “overweight” rating in a report on Tuesday, August 4th. Zacks Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Susquehanna upped their price target on Advanced Energy Industries from $430.00 to $535.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
Read Our Latest Analysis on AEIS
Institutional Trading of Advanced Energy Industries
Several large investors have recently modified their holdings of the company. Tidal Investments LLC raised its holdings in Advanced Energy Industries by 150.6% in the 2nd quarter. Tidal Investments LLC now owns 132,991 shares of the electronics maker’s stock worth $49,588,000 after acquiring an additional 79,915 shares during the period. WINTON GROUP Ltd bought a new stake in Advanced Energy Industries during the second quarter valued at about $477,000. Engineers Gate Manager LP boosted its holdings in Advanced Energy Industries by 512.6% during the second quarter. Engineers Gate Manager LP now owns 29,618 shares of the electronics maker’s stock valued at $11,044,000 after acquiring an additional 24,783 shares during the period. NorthRock Partners LLC grew its position in shares of Advanced Energy Industries by 32.5% in the second quarter. NorthRock Partners LLC now owns 8,506 shares of the electronics maker’s stock valued at $3,172,000 after purchasing an additional 2,088 shares during the last quarter. Finally, Integrated Wealth Concepts LLC acquired a new stake in shares of Advanced Energy Industries in the second quarter valued at about $194,000. 99.67% of the stock is owned by institutional investors.
About Advanced Energy Industries
Advanced Energy Industries, Inc (NASDAQ: AEIS) designs and manufactures highly engineered power conversion, measurement and control solutions. Its products help customers generate, control, convert, distribute and measure electrical power in demanding applications that require precision, reliability and high performance.
The company’s product portfolio includes direct-current and alternating-current power systems, high-voltage power supplies, radio-frequency power systems, pulsed power solutions, power delivery systems, measurement instruments and thermal-management products.
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