GSA Capital Partners LLP bought a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the second quarter, HoldingsChannel reports. The fund bought 2,119 shares of the electronics maker’s stock, valued at approximately $790,000.
A number of other institutional investors also recently modified their holdings of AEIS. Norges Bank acquired a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $123,403,000. Fuller & Thaler Asset Management Inc. raised its holdings in shares of Advanced Energy Industries by 1,734.1% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 427,674 shares of the electronics maker’s stock worth $89,542,000 after acquiring an additional 404,356 shares in the last quarter. Wellington Management Group LLP purchased a new stake in shares of Advanced Energy Industries during the third quarter worth $50,173,000. Franklin Resources Inc. boosted its position in Advanced Energy Industries by 55.4% during the fourth quarter. Franklin Resources Inc. now owns 487,494 shares of the electronics maker’s stock valued at $102,067,000 after purchasing an additional 173,836 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its position in Advanced Energy Industries by 131.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 286,749 shares of the electronics maker’s stock valued at $60,037,000 after purchasing an additional 162,841 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Trading Down 9.8%
Advanced Energy Industries stock opened at $314.43 on Wednesday. Advanced Energy Industries, Inc. has a one year low of $143.38 and a one year high of $397.44. The company’s fifty day moving average price is $323.27 and its two-hundred day moving average price is $326.23. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.79 and a quick ratio of 2.94. The company has a market capitalization of $12.59 billion, a price-to-earnings ratio of 58.66 and a beta of 1.29.
Advanced Energy Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date is Monday, August 24th. Advanced Energy Industries’s payout ratio is 7.46%.
Analyst Upgrades and Downgrades
AEIS has been the topic of several research reports. Robert W. Baird upped their target price on Advanced Energy Industries from $360.00 to $380.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 5th. Zacks Research upgraded Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. TD Cowen boosted their price target on Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a research note on Tuesday, August 4th. Morgan Stanley increased their price objective on Advanced Energy Industries from $421.00 to $439.00 and gave the stock an “overweight” rating in a report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. One investment 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 company’s stock. According to data from MarketBeat, Advanced Energy Industries has an average rating of “Moderate Buy” and a consensus price target of $409.50.
Check Out Our Latest Stock Analysis on Advanced Energy Industries
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.
Featured Articles
- Five stocks we like better than Advanced Energy Industries
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report).
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.
