Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Acquired by Pathstone Family Office LLC

Pathstone Family Office LLC lifted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Rating) by 16.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,038 shares of the electronics maker’s stock after purchasing an additional 1,420 shares during the period. Pathstone Family Office LLC’s holdings in Advanced Energy Industries were worth $777,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC boosted its holdings in shares of Advanced Energy Industries by 259.3% during the 3rd quarter. CWM LLC now owns 327 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 236 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of Advanced Energy Industries during the 3rd quarter worth approximately $25,000. Amundi purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its position in shares of Advanced Energy Industries by 72.0% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 492 shares of the electronics maker’s stock valued at $38,000 after buying an additional 206 shares during the period. Finally, Eagle Bay Advisors LLC grew its position in 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 worth $93,000 after acquiring an additional 726 shares during the period. 98.72% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $92.02 on Tuesday. The firm has a 50 day moving average of $93.61 and a two-hundred day moving average of $87.67. The stock has a market capitalization of $3.45 billion, a PE ratio of 17.40 and a beta of 1.56. The company has a quick ratio of 2.07, a current ratio of 3.02 and a debt-to-equity ratio of 0.33. Advanced Energy Industries, Inc. has a 52 week low of $67.55 and a 52 week high of $101.00.

Advanced Energy Industries (NASDAQ:AEIS – Get Rating) last released its earnings results on Wednesday, February 8th. The electronics maker reported $1.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.48 by $0.12. The firm had revenue of $490.70 million during the quarter, compared to analyst estimates of $477.03 million. Advanced Energy Industries had a return on equity of 23.65% and a net margin of 10.82%. Advanced Energy Industries’s revenue was up 23.6% compared to the same quarter last year. During the same period last year, the business posted $1.30 earnings per share. On average, research analysts predict that Advanced Energy Industries, Inc. will post 4.29 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 3rd. Investors of record on Monday, February 20th were paid a $0.10 dividend. The ex-dividend date was Thursday, February 16th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Advanced Energy Industries’s dividend payout ratio is currently 7.56%.

Analyst Ratings Changes

AEIS has been the topic of several recent analyst reports. Citigroup upped their price target on Advanced Energy Industries from $95.00 to $114.00 and gave the company a “buy” rating in a research note on Wednesday, February 15th. Cowen upped their target price on shares of Advanced Energy Industries from $90.00 to $100.00 and gave the company a “market perform” rating in a research report on Thursday, February 9th. StockNews.com downgraded shares of Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 28th. Needham & Company LLC lifted their target price on shares of Advanced Energy Industries from $88.00 to $112.00 and gave the company a “buy” rating in a report on Thursday, February 9th. Finally, Benchmark boosted their target price on Advanced Energy Industries from $90.00 to $112.00 and gave the company a “buy” rating in a research report on Thursday, February 9th. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus price target of $104.43.

About Advanced Energy Industries

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Advanced Energy Industries, Inc engages in the provision of precision power conversion, measurement, and control solutions. Its products include Plasma Power Generators, High Voltage Products, Low Voltage Power Supplies, Remote Plasma Sources, Temperature Measurement Products, SCR Power Controllers, Electrostatic Products, and Gas Sensors.