Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.5% in the 4th quarter, HoldingsChannel reports. The firm owned 10,526 shares of the electronics maker’s stock after selling 161 shares during the quarter. Arizona State Retirement System’s holdings in Advanced Energy Industries were worth $1,146,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the stock. Trust Point Inc. acquired a new position in Advanced Energy Industries in the 4th quarter valued at $636,000. AlphaMark Advisors LLC raised its holdings in Advanced Energy Industries by 12.8% in the 4th quarter. AlphaMark Advisors LLC now owns 2,480 shares of the electronics maker’s stock valued at $270,000 after acquiring an additional 282 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Advanced Energy Industries by 2.0% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 13,714 shares of the electronics maker’s stock valued at $1,494,000 after acquiring an additional 273 shares during the last quarter. Raymond James & Associates raised its holdings in Advanced Energy Industries by 7.4% in the 4th quarter. Raymond James & Associates now owns 20,823 shares of the electronics maker’s stock valued at $2,268,000 after acquiring an additional 1,435 shares during the last quarter. Finally, Vest Financial LLC acquired a new position in Advanced Energy Industries in the 4th quarter valued at $236,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Down 1.7 %

Shares of Advanced Energy Industries stock opened at $94.85 on Tuesday. The company has a fifty day moving average price of $100.01 and a 200 day moving average price of $99.67. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $126.38. The stock has a market cap of $3.54 billion, a price-to-earnings ratio of 27.90, a price-to-earnings-growth ratio of 3.38 and a beta of 1.56.

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

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a $0.10 dividend. The ex-dividend date was Thursday, February 15th. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. Advanced Energy Industries’s dividend payout ratio is currently 11.76%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AEIS. Wells Fargo & Company cut their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a report on Wednesday, February 7th. TheStreet upgraded Advanced Energy Industries from a “c+” rating to a “b-” rating in a report on Thursday, December 21st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $115.14.

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.