Envestnet Asset Management Inc. Acquires 17,214 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Envestnet Asset Management Inc. lifted its position in Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) by 19.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 106,979 shares of the electronics maker’s stock after purchasing an additional 17,214 shares during the quarter. Envestnet Asset Management Inc. owned 0.28% of Advanced Energy Industries worth $7,807,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Maryland State Retirement & Pension System increased its stake in Advanced Energy Industries by 0.8% during the 2nd quarter. Maryland State Retirement & Pension System now owns 15,220 shares of the electronics maker’s stock worth $1,111,000 after purchasing an additional 114 shares in the last quarter. Bank of Montreal Can increased its stake in Advanced Energy Industries by 0.8% during the 1st quarter. Bank of Montreal Can now owns 18,239 shares of the electronics maker’s stock worth $1,678,000 after purchasing an additional 136 shares in the last quarter. Signaturefd LLC increased its stake in Advanced Energy Industries by 88.7% during the 1st quarter. Signaturefd LLC now owns 366 shares of the electronics maker’s stock worth $32,000 after purchasing an additional 172 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Advanced Energy Industries by 79.4% during the 2nd quarter. UMB Bank n.a. now owns 452 shares of the electronics maker’s stock worth $33,000 after acquiring an additional 200 shares in the last quarter. Finally, Yousif Capital Management LLC grew its stake in shares of Advanced Energy Industries by 0.6% during the 1st quarter. Yousif Capital Management LLC now owns 34,971 shares of the electronics maker’s stock worth $3,010,000 after acquiring an additional 218 shares in the last quarter. Institutional investors own 98.94% of the company’s stock.

Advanced Energy Industries Stock Down 0.9 %

AEIS opened at $81.97 on Thursday. Advanced Energy Industries, Inc. has a fifty-two week low of $67.55 and a fifty-two week high of $98.07. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.78 and a current ratio of 2.73. The company has a market capitalization of $3.06 billion, a P/E ratio of 15.97 and a beta of 1.53. The stock has a fifty day moving average of $80.42 and a 200-day moving average of $80.94.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Monday, November 21st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.49%. Advanced Energy Industries’s dividend payout ratio is currently 7.72%.

Insider Buying and Selling

In related news, Director Tina Donikowski sold 1,813 shares of the firm’s stock in a transaction on Wednesday, August 17th. The stock was sold at an average price of $94.27, for a total value of $170,911.51. Following the transaction, the director now owns 7,955 shares in the company, valued at $749,917.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.00% of the stock is owned by company insiders.

Analyst Ratings Changes

AEIS has been the subject of several research reports. TheStreet raised shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a research note on Friday, August 5th. Needham & Company LLC increased their price objective on Advanced Energy Industries from $80.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. Raymond James increased their price objective on Advanced Energy Industries from $100.00 to $105.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Benchmark cut their price target on Advanced Energy Industries from $110.00 to $90.00 in a report on Wednesday, November 2nd. Finally, StockNews.com raised Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Wednesday, November 2nd. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $95.86.

About Advanced Energy Industries

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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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Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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