Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Texas Permanent School Fund

Texas Permanent School Fund lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEISGet Rating) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 26,872 shares of the electronics maker’s stock after selling 288 shares during the period. Texas Permanent School Fund owned 0.07% of Advanced Energy Industries worth $2,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Pinebridge Investments L.P. boosted its stake in Advanced Energy Industries by 243.0% in the second quarter. Pinebridge Investments L.P. now owns 343 shares of the electronics maker’s stock valued at $25,000 after acquiring an additional 243 shares in the last quarter. Ellevest Inc. boosted its stake in Advanced Energy Industries by 467.6% in the second quarter. Ellevest Inc. now owns 403 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 332 shares in the last quarter. Amundi purchased a new stake in shares of Advanced Energy Industries in the second quarter valued at about $31,000. UMB Bank n.a. raised its holdings in shares of Advanced Energy Industries by 79.4% in the second quarter. UMB Bank n.a. now owns 452 shares of the electronics maker’s stock valued at $33,000 after buying an additional 200 shares during the last quarter. Finally, Eagle Bay Advisors LLC raised its holdings in shares of Advanced Energy Industries by 132.0% in the second quarter. Eagle Bay Advisors LLC now owns 1,276 shares of the electronics maker’s stock valued at $93,000 after buying an additional 726 shares during the last quarter. Institutional investors and hedge funds own 98.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AEIS. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and reduced their target price for the company from $100.00 to $95.00 in a report on Friday, November 4th. Needham & Company LLC upped their target price on shares of Advanced Energy Industries from $80.00 to $88.00 and gave the company a “buy” rating in a report on Wednesday, November 2nd. StockNews.com cut shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 28th. DA Davidson reaffirmed a “buy” rating on shares of Advanced Energy Industries in a report on Tuesday, January 3rd. Finally, Benchmark cut their price target on shares of Advanced Energy Industries from $110.00 to $90.00 in a report on Wednesday, November 2nd. One investment 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 a consensus rating of “Moderate Buy” and an average price target of $95.86.

Advanced Energy Industries Trading Up 1.1 %

Shares of Advanced Energy Industries stock opened at $92.27 on Tuesday. Advanced Energy Industries, Inc. has a 12-month low of $67.55 and a 12-month high of $98.07. The company has a current ratio of 2.73, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36. The stock has a market cap of $3.45 billion, a PE ratio of 17.81 and a beta of 1.57. The company has a 50-day moving average of $87.94 and a two-hundred day moving average of $84.57.

Advanced Energy Industries (NASDAQ:AEISGet Rating) last issued its earnings results on Tuesday, November 1st. The electronics maker reported $2.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.23 by $0.77. Advanced Energy Industries had a net margin of 11.16% and a return on equity of 23.69%. The company had revenue of $516.27 million during the quarter, compared to analysts’ expectations of $444.45 million. On average, research analysts anticipate that Advanced Energy Industries, Inc. will post 6.04 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, December 2nd. Shareholders of record on Monday, November 21st were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, November 18th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 7.72%.

Advanced Energy Industries Profile

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

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