Advanced Energy Industries, Inc. (NASDAQ:AEIS) to Issue $0.10 Quarterly Dividend

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Tuesday, February 11th,RTT News reports. Shareholders of record on Monday, February 24th will be paid a dividend of 0.10 per share by the electronics maker on Friday, March 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%.

Advanced Energy Industries has a payout ratio of 6.4% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Energy Industries to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.6%.

Advanced Energy Industries Price Performance

AEIS stock opened at $108.79 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The company’s fifty day moving average price is $117.26 and its 200-day moving average price is $110.40. Advanced Energy Industries has a one year low of $89.11 and a one year high of $130.50. The company has a market capitalization of $4.10 billion, a PE ratio of 95.81, a price-to-earnings-growth ratio of 3.60 and a beta of 1.45.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the sale, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. TD Cowen dropped their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company lifted their price objective on Advanced Energy Industries from $105.00 to $115.00 and gave the stock an “equal weight” rating in a research note on Monday, January 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Finally, StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $126.89.

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.