Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. grew its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.0% in the fourth quarter, HoldingsChannel reports. The fund owned 13,714 shares of the electronics maker’s stock after buying an additional 273 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Advanced Energy Industries were worth $1,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. III Capital Management acquired a new position in shares of Advanced Energy Industries during the 3rd quarter valued at about $897,000. Envestnet Asset Management Inc. increased its stake in shares of Advanced Energy Industries by 61.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock valued at $24,021,000 after acquiring an additional 88,267 shares during the last quarter. Mutual of America Capital Management LLC increased its stake in shares of Advanced Energy Industries by 345.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 32,665 shares of the electronics maker’s stock valued at $3,368,000 after acquiring an additional 25,333 shares during the last quarter. Illinois Municipal Retirement Fund acquired a new position in shares of Advanced Energy Industries during the 3rd quarter valued at about $2,322,000. Finally, GSA Capital Partners LLP increased its stake in shares of Advanced Energy Industries by 188.2% during the 3rd quarter. GSA Capital Partners LLP now owns 6,605 shares of the electronics maker’s stock valued at $681,000 after acquiring an additional 4,313 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

AEIS has been the subject of a number of research analyst reports. TheStreet raised shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Wells Fargo & Company dropped their target price on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Advanced Energy Industries presently has an average rating of “Hold” and a consensus price target of $115.14.

Advanced Energy Industries Stock Up 3.3 %

NASDAQ AEIS opened at $99.68 on Friday. The stock has a market cap of $3.72 billion, a PE ratio of 29.32, a P/E/G ratio of 3.47 and a beta of 1.55. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The business has a 50 day moving average price of $100.41 and a two-hundred day moving average price of $99.75. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.10. The firm had revenue of $405.27 million during the quarter, compared to analysts’ expectations of $407.66 million. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. As a group, sell-side analysts predict that Advanced Energy Industries, Inc. will post 2.88 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.40%. The ex-dividend date was Thursday, February 15th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 11.76%.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.