Raymond James Financial Services Advisors Inc. Acquires 1,318 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Raymond James Financial Services Advisors Inc. increased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Rating) by 10.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,489 shares of the electronics maker’s stock after buying an additional 1,318 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Advanced Energy Industries were worth $1,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. BlackRock Inc. raised its position in shares of Advanced Energy Industries by 0.7% during the 1st quarter. BlackRock Inc. now owns 5,649,921 shares of the electronics maker’s stock valued at $486,344,000 after buying an additional 40,829 shares in the last quarter. State Street Corp grew its holdings in Advanced Energy Industries by 0.5% in the 1st quarter. State Street Corp now owns 1,855,952 shares of the electronics maker’s stock worth $159,760,000 after acquiring an additional 8,883 shares during the last quarter. FMR LLC grew its holdings in Advanced Energy Industries by 6.6% in the 2nd quarter. FMR LLC now owns 1,805,825 shares of the electronics maker’s stock worth $131,790,000 after acquiring an additional 111,086 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Advanced Energy Industries by 2.1% in the 1st quarter. Bank of New York Mellon Corp now owns 395,624 shares of the electronics maker’s stock worth $34,056,000 after acquiring an additional 7,996 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Advanced Energy Industries by 86.7% during the 1st quarter. Bank of America Corp DE now owns 370,861 shares of the electronics maker’s stock valued at $31,924,000 after purchasing an additional 172,241 shares in the last quarter. 98.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

AEIS has been the subject of a number of recent research reports. DA Davidson reissued a “buy” rating on shares of Advanced Energy Industries in a research report on Tuesday, January 3rd. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $100.00 to $95.00 in a report on Friday, November 4th. Needham & Company LLC boosted their target price on shares of Advanced Energy Industries from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Wednesday, November 2nd. StockNews.com lowered shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 28th. Finally, Benchmark dropped their price target on shares of Advanced Energy Industries from $110.00 to $90.00 in a research report on Wednesday, November 2nd. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $95.86.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $91.91 on Friday. The stock has a market cap of $3.44 billion, a price-to-earnings ratio of 17.74 and a beta of 1.57. Advanced Energy Industries, Inc. has a 52 week low of $67.55 and a 52 week high of $98.07. The company’s 50-day moving average price is $89.57 and its 200 day moving average price is $85.65. The company has a current ratio of 2.73, a quick ratio of 1.78 and a debt-to-equity ratio of 0.36.

Advanced Energy Industries (NASDAQ:AEIS – Get Rating) last announced its quarterly earnings results on Tuesday, November 1st. The electronics maker reported $2.00 earnings per share 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 firm had revenue of $516.27 million for the quarter, compared to analysts’ expectations of $444.45 million. As a group, research analysts forecast that Advanced Energy Industries, Inc. will post 6.04 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 2nd. Stockholders of record on Monday, November 21st were given a $0.10 dividend. The ex-dividend date was Friday, November 18th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.44%. Advanced Energy Industries’s payout ratio is currently 7.72%.

Advanced Energy Industries Company Profile

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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.