Geode Capital Management LLC increased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 1.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 884,402 shares of the electronics maker’s stock after buying an additional 15,030 shares during the period. Geode Capital Management LLC owned about 2.35% of Advanced Energy Industries worth $93,094,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of AEIS. Huntington National Bank grew its position in shares of Advanced Energy Industries by 200.0% during the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 208 shares during the last quarter. Quantbot Technologies LP bought a new stake in shares of Advanced Energy Industries during the 3rd quarter worth about $41,000. Meeder Asset Management Inc. lifted its stake in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after acquiring an additional 186 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Advanced Energy Industries in the 2nd quarter worth approximately $87,000. Finally, Blue Trust Inc. boosted its holdings in shares of Advanced Energy Industries by 2,150.0% in the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after acquiring an additional 774 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.
Analyst Ratings Changes
AEIS has been the subject of a number of research analyst reports. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Susquehanna decreased their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Wells Fargo & Company lifted their price objective on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Six investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $120.25.
Advanced Energy Industries Stock Performance
AEIS stock opened at $113.93 on Friday. The firm has a 50 day simple moving average of $113.34 and a 200 day simple moving average of $108.31. Advanced Energy Industries, Inc. has a 52 week low of $89.11 and a 52 week high of $124.48. The stock has a market cap of $4.29 billion, a P/E ratio of 99.94, a P/E/G ratio of 6.92 and a beta of 1.47. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. During the same quarter last year, the business posted $1.12 EPS. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. Research analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.
Advanced Energy Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.
Insider Activity at Advanced Energy Industries
In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.87% of the stock is owned by company insiders.
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.
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