Handelsbanken Fonder AB Sells 5,007 Shares of Advanced Energy Industries, Inc. $AEIS

Handelsbanken Fonder AB cut its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 10.2% in the second quarter, HoldingsChannel reports. The firm owned 44,132 shares of the electronics maker’s stock after selling 5,007 shares during the period. Handelsbanken Fonder AB’s holdings in Advanced Energy Industries were worth $16,455,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of AEIS. Revolve Wealth Partners LLC acquired a new stake in shares of Advanced Energy Industries in the second quarter worth about $401,000. Legacy Wealth Asset Management LLC boosted its stake in shares of Advanced Energy Industries by 24.4% during the 2nd quarter. Legacy Wealth Asset Management LLC now owns 2,082 shares of the electronics maker’s stock worth $776,000 after acquiring an additional 409 shares in the last quarter. MRA Advisory Group acquired a new position in shares of Advanced Energy Industries during the 2nd quarter valued at about $674,000. Reinhart Partners LLC. acquired a new position in shares of Advanced Energy Industries during the 2nd quarter valued at about $3,433,000. Finally, Assenagon Asset Management S.A. raised its stake in shares of Advanced Energy Industries by 2.6% in the 2nd quarter. Assenagon Asset Management S.A. now owns 10,935 shares of the electronics maker’s stock valued at $4,077,000 after acquiring an additional 276 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Up 3.0%

AEIS opened at $337.32 on Thursday. The business has a 50 day moving average of $321.48 and a 200-day moving average of $324.30. The stock has a market capitalization of $13.51 billion, a price-to-earnings ratio of 62.93 and a beta of 1.29. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a 1-year low of $143.38 and a 1-year high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Monday, August 3rd. The electronics maker reported $2.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.21 by $0.53. The business had revenue of $574.10 million for the quarter, compared to analyst estimates of $544.41 million. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. Advanced Energy Industries’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 earnings per share. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. As a group, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 9.18 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date is Monday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries’s payout ratio is presently 7.46%.

Analysts Set New Price Targets

Several research firms recently weighed in on AEIS. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Energy Industries in a report on Tuesday, August 4th. Susquehanna increased their price target on Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Citigroup lifted their price target on shares of Advanced Energy Industries from $435.00 to $460.00 and gave the company a “buy” rating in a research report on Tuesday, August 4th. Needham & Company LLC restated a “buy” rating and issued a $400.00 price objective on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. Finally, KeyCorp upped their price objective on shares of Advanced Energy Industries from $375.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $409.50.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.