Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix Sells 725 Shares

Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) Director Lanesha Minnix sold 725 shares of the stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $75.81, for a total transaction of $54,962.25. Following the completion of the transaction, the director now directly owns 4,896 shares of the company’s stock, valued at approximately $371,165.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:AEIS opened at $74.26 on Thursday. The company has a quick ratio of 2.23, a current ratio of 3.23 and a debt-to-equity ratio of 0.41. The firm has a market cap of $2.79 billion, a P/E ratio of 21.28 and a beta of 1.61. Advanced Energy Industries, Inc. has a 12 month low of $72.22 and a 12 month high of $114.73. The company’s 50-day moving average price is $81.62 and its two-hundred day moving average price is $86.05.

Advanced Energy Industries (NASDAQ:AEISGet Rating) last announced its earnings results on Wednesday, May 4th. The electronics maker reported $1.24 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.29. The company had revenue of $397.46 million for the quarter, compared to analyst estimates of $360.57 million. Advanced Energy Industries had a net margin of 8.85% and a return on equity of 19.47%. Advanced Energy Industries’s quarterly revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.18 earnings per share. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 4.65 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 3rd. Shareholders of record on Monday, May 23rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 20th. This represents a $0.40 dividend on an annualized basis and a yield of 0.54%. Advanced Energy Industries’s payout ratio is 11.46%.

Several equities research analysts have recently weighed in on the company. StockNews.com upgraded Advanced Energy Industries from a “hold” rating to a “buy” rating in a research note on Friday, April 29th. KeyCorp assumed coverage on Advanced Energy Industries in a research note on Tuesday, January 25th. They set an “overweight” rating and a $105.00 price objective for the company. Citigroup cut their price objective on Advanced Energy Industries from $100.00 to $95.00 in a report on Thursday, February 10th. Finally, Needham & Company LLC lowered their target price on shares of Advanced Energy Industries from $120.00 to $100.00 in a report on Thursday, May 5th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $104.18.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AEIS. Victory Capital Management Inc. boosted its stake in shares of Advanced Energy Industries by 31.6% in the 4th quarter. Victory Capital Management Inc. now owns 2,004,508 shares of the electronics maker’s stock valued at $182,530,000 after purchasing an additional 481,861 shares during the last quarter. Norges Bank bought a new position in shares of Advanced Energy Industries in the 4th quarter valued at about $29,747,000. William Blair Investment Management LLC boosted its stake in shares of Advanced Energy Industries by 1,016.8% in the 4th quarter. William Blair Investment Management LLC now owns 336,500 shares of the electronics maker’s stock valued at $30,642,000 after purchasing an additional 306,370 shares during the last quarter. Fort Washington Investment Advisors Inc. OH bought a new position in shares of Advanced Energy Industries in the 4th quarter valued at about $11,867,000. Finally, Tributary Capital Management LLC bought a new position in shares of Advanced Energy Industries in the 1st quarter valued at about $11,141,000. 97.42% of the stock is owned by institutional investors.

About Advanced Energy Industries (Get Rating)

Advanced Energy Industries, Inc designs, manufactures, sells, and supports precision power conversion, measurement, and control solutions worldwide. It offers plasma power solutions, including direct current (DC), pulsed DC, low frequency alternating current, high voltage, and radio frequency (RF) power supplies, as well as RF power supplies, RF matching networks, and RF instrumentation products; and remote plasma sources for reactive gas applications.

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