Alpha DNA Investment Management LLC Invests $487,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Alpha DNA Investment Management LLC acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 4,208 shares of the electronics maker’s stock, valued at approximately $487,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Charles Schwab Investment Management Inc. increased its position in Advanced Energy Industries by 4.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock worth $53,204,000 after acquiring an additional 18,533 shares during the period. Proficio Capital Partners LLC acquired a new stake in Advanced Energy Industries during the fourth quarter worth about $3,971,000. Fort Washington Investment Advisors Inc. OH increased its holdings in Advanced Energy Industries by 10.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker’s stock valued at $16,137,000 after buying an additional 12,860 shares during the period. Amundi raised its position in shares of Advanced Energy Industries by 192.6% in the 4th quarter. Amundi now owns 19,405 shares of the electronics maker’s stock valued at $2,303,000 after buying an additional 12,773 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $68,949,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $86.79 on Friday. The stock’s 50-day moving average is $104.55 and its 200-day moving average is $110.85. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The stock has a market cap of $3.29 billion, a P/E ratio of 60.69, a price-to-earnings-growth ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS) last posted 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 anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. Advanced Energy Industries’s payout ratio is 27.97%.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares of the company’s stock, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the transaction, the director now owns 3,492 shares in the company, valued at $451,760.04. This trade represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on AEIS shares. Wells Fargo & Company decreased their price objective on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Robert W. Baird lowered their price target on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Finally, Stifel Nicolaus increased their target price on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.56.

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.