Integrated Investment Consultants LLC Buys 673 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Integrated Investment Consultants LLC boosted its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 17.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,494 shares of the electronics maker’s stock after purchasing an additional 673 shares during the period. Integrated Investment Consultants LLC’s holdings in Advanced Energy Industries were worth $473,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Hilltop National Bank grew its holdings in shares of Advanced Energy Industries by 13.4% in the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 116 shares during the period. Azzad Asset Management Inc. ADV grew its stake in shares of Advanced Energy Industries by 1.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after purchasing an additional 124 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after purchasing an additional 130 shares during the last quarter. Pitcairn Co. boosted its holdings in shares of Advanced Energy Industries by 3.9% in the first quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock worth $449,000 after buying an additional 164 shares during the last quarter. Finally, Meeder Asset Management Inc. grew its position in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after buying an additional 186 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Analysts Set New Price Targets

AEIS has been the topic of several analyst reports. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday. Benchmark restated a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday. Susquehanna lowered their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Finally, Wells Fargo & Company reduced their target price on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $113.75.

Advanced Energy Industries Trading Up 1.9 %

AEIS stock opened at $112.90 on Friday. Advanced Energy Industries, Inc. has a 1-year low of $89.11 and a 1-year high of $120.81. The business has a 50 day simple moving average of $107.54 and a two-hundred day simple moving average of $106.70. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The company has a market capitalization of $4.25 billion, a price-to-earnings ratio of 99.04, a PEG ratio of 6.60 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The business had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. During the same quarter in the prior year, the firm earned $1.12 EPS. The business’s revenue was down 8.7% on a year-over-year basis. Research analysts anticipate that Advanced Energy Industries, Inc. will post 2.5 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is 35.09%.

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.