Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Raymond James & Associates

Raymond James & Associates increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 7.4% in the fourth quarter, Holdings Channel reports. The firm owned 20,823 shares of the electronics maker’s stock after buying an additional 1,435 shares during the period. Raymond James & Associates’ holdings in Advanced Energy Industries were worth $2,268,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in 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 acquiring an additional 40,829 shares during the period. Vanguard Group Inc. boosted its stake in shares of Advanced Energy Industries by 0.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock valued at $457,600,000 after buying an additional 37,231 shares during the period. FMR LLC boosted its stake in shares of Advanced Energy Industries by 16.8% in the 3rd quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock valued at $415,262,000 after buying an additional 577,765 shares during the period. State Street Corp boosted its stake in shares of 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 valued at $159,760,000 after buying an additional 8,883 shares during the period. Finally, Earnest Partners LLC boosted its stake in shares of Advanced Energy Industries by 0.5% in the 3rd quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock valued at $161,750,000 after buying an additional 7,701 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Trading Up 0.1 %

NASDAQ:AEIS opened at $94.95 on Wednesday. The firm has a market cap of $3.54 billion, a P/E ratio of 27.93, a PEG ratio of 3.38 and a beta of 1.56. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. The stock’s 50 day simple moving average is $99.78 and its 200-day simple moving average is $99.61. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data 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. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. The firm had revenue of $405.27 million for the quarter, compared to analyst estimates of $407.66 million. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.88 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were given a dividend of $0.10 per share. 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 payout ratio is 11.76%.

Wall Street Analysts Forecast Growth

AEIS has been the subject of several recent research reports. TheStreet upgraded Advanced Energy Industries from a “c+” rating to a “b-” rating in a research note on Thursday, December 21st. Wells Fargo & Company decreased their target price on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $115.14.

About Advanced Energy Industries

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.