Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Bought by New York State Common Retirement Fund

New York State Common Retirement Fund raised its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 374,293 shares of the electronics maker’s stock after acquiring an additional 312 shares during the quarter. New York State Common Retirement Fund owned 0.99% of Advanced Energy Industries worth $43,279,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AEIS. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in Advanced Energy Industries in the third quarter valued at $12,306,000. Principal Financial Group Inc. increased its position in shares of Advanced Energy Industries by 12.4% in the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after buying an additional 53,566 shares in the last quarter. Sora Investors LLC purchased a new position in shares of Advanced Energy Industries in the third quarter valued at $4,736,000. Southernsun Asset Management LLC purchased a new position in shares of Advanced Energy Industries in the third quarter valued at $3,575,000. Finally, Edgestream Partners L.P. purchased a new position in shares of Advanced Energy Industries in the third quarter valued at $3,153,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AEIS shares. Stifel Nicolaus raised their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Benchmark restated a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research report on Monday, December 16th. TD Cowen dropped their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and an average target price of $126.56.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value 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. This trade represents a 31.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Advanced Energy Industries Trading Down 1.0 %

Advanced Energy Industries stock opened at $130.26 on Friday. The stock has a 50-day moving average price of $118.28 and a 200 day moving average price of $111.14. 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, Inc. has a 52 week low of $89.11 and a 52 week high of $132.16. The stock has a market cap of $4.91 billion, a PE ratio of 91.09, a P/E/G ratio of 1.40 and a beta of 1.45.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Monday, February 24th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. The ex-dividend date of this dividend is Monday, February 24th. Advanced Energy Industries’s payout ratio is 27.97%.

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.