Advanced Energy Industries, Inc. (NASDAQ:AEIS) Position Increased by Signaturefd LLC

Signaturefd LLC increased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 37.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,388 shares of the electronics maker’s stock after buying an additional 381 shares during the quarter. Signaturefd LLC’s holdings in Advanced Energy Industries were worth $160,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc raised its holdings in shares of Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Advanced Energy Industries during the third quarter worth $41,000. Venturi Wealth Management LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth $74,000. Blue Trust Inc. raised its holdings in Advanced Energy Industries by 26.3% during the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock valued at $108,000 after buying an additional 213 shares in the last quarter. Finally, Principal Securities Inc. raised its holdings in Advanced Energy Industries by 16.1% during the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock valued at $114,000 after buying an additional 137 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Trading Down 0.5 %

Advanced Energy Industries stock opened at $105.26 on Friday. Advanced Energy Industries, Inc. has a 52 week low of $89.12 and a 52 week high of $132.16. The firm has a market capitalization of $3.99 billion, a PE ratio of 73.61, a PEG ratio of 1.39 and a beta of 1.43. The business’s 50-day simple moving average is $115.44 and its 200-day simple moving average is $112.11. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Wall Street Analyst Weigh In

Several research firms have weighed in on AEIS. Wells Fargo & Company cut their target price on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $138.00 in a report on Monday, January 6th. Needham & Company LLC restated a “buy” rating and set a $145.00 target price on shares of Advanced Energy Industries in a report on Thursday, February 13th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a report on Monday, December 16th. Finally, Stifel Nicolaus raised their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries has an average rating of “Moderate Buy” and an average target price of $126.56.

Insider Buying and Selling

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares of the company’s stock, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the sale, the director now directly owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Advanced Energy Industries 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.