Oppenheimer Asset Management Inc. Sells 275 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Oppenheimer Asset Management Inc. lowered its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.7% during the third quarter, HoldingsChannel reports. The fund owned 38,424 shares of the electronics maker’s stock after selling 275 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Advanced Energy Industries were worth $4,044,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. GAMMA Investing LLC increased its position in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares during the period. Canada Pension Plan Investment Board bought a new position in Advanced Energy Industries during the second quarter worth $87,000. Blue Trust Inc. increased its position in Advanced Energy Industries by 2,150.0% during the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 774 shares during the period. Signaturefd LLC increased its position in Advanced Energy Industries by 28.0% during the third quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock worth $106,000 after acquiring an additional 220 shares during the period. Finally, Hilltop National Bank increased its position in Advanced Energy Industries by 13.4% during 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. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. TD Cowen dropped their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company lowered their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, October 31st. Benchmark reissued a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Finally, Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target on the stock. Eight equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $112.75.

Advanced Energy Industries Stock Down 2.4 %

AEIS opened at $109.45 on Friday. The firm’s 50-day simple moving average is $106.22 and its 200-day simple moving average is $106.29. 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, Inc. has a twelve month low of $89.11 and a twelve month high of $120.81. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of 96.01, a PEG ratio of 6.67 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $372.49 million. During the same quarter in the prior year, the firm earned $1.12 EPS. The firm’s quarterly revenue was down 8.7% compared to the same quarter last year. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.5 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given 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 yield of 0.37%. Advanced Energy Industries’s dividend payout ratio (DPR) is 35.09%.

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.