Mutual of America Capital Management LLC Sells 927 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Mutual of America Capital Management LLC lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,738 shares of the electronics maker’s stock after selling 927 shares during the period. Mutual of America Capital Management LLC’s holdings in Advanced Energy Industries were worth $3,457,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Peregrine Capital Management LLC bought a new stake in shares of Advanced Energy Industries in the fourth quarter valued at about $7,856,000. Moody Aldrich Partners LLC lifted its stake in shares of Advanced Energy Industries by 130.4% in the fourth quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock valued at $3,571,000 after buying an additional 18,561 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Advanced Energy Industries by 4.3% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock valued at $45,991,000 after buying an additional 17,290 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Advanced Energy Industries by 4.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,477 shares of the electronics maker’s stock valued at $1,904,000 after buying an additional 726 shares during the period. Finally, Trust Point Inc. bought a new stake in shares of Advanced Energy Industries in the fourth quarter valued at about $636,000. Institutional investors own 99.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company reduced 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 note on Wednesday, February 7th. TheStreet raised shares of Advanced Energy Industries from a “c+” rating to a “b-” rating in a research report on Thursday, December 21st. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $115.14.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $92.43 on Thursday. The firm has a market cap of $3.45 billion, a price-to-earnings ratio of 27.19, a PEG ratio of 3.32 and a beta of 1.55. The company has a 50 day moving average of $99.62 and a 200-day moving average of $99.56. The company has a current ratio of 5.10, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a 1-year low of $81.86 and a 1-year high of $126.38.

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

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Monday, February 19th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.43%. The ex-dividend date of this dividend was Thursday, February 15th. Advanced Energy Industries’s payout ratio is 11.76%.

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.