Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 4.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,477 shares of the electronics maker’s stock after buying an additional 726 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Advanced Energy Industries were worth $1,904,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEIS. Point72 Middle East FZE acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $29,000. Exchange Traded Concepts LLC acquired a new position in shares of Advanced Energy Industries in the 3rd quarter valued at $48,000. Tower Research Capital LLC TRC lifted its stake in shares of Advanced Energy Industries by 193.5% in the 1st quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker’s stock valued at $49,000 after purchasing an additional 329 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Advanced Energy Industries in the 1st quarter valued at $49,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Advanced Energy Industries in the 3rd quarter valued at $85,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

AEIS stock opened at $89.70 on Friday. 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 company has a market capitalization of $3.35 billion, a PE ratio of 26.38, a P/E/G ratio of 3.24 and a beta of 1.55. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $126.38. The business’s fifty day moving average price is $99.12 and its 200 day moving average price is $99.41.

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

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.40 annualized dividend and a yield of 0.45%. Advanced Energy Industries’s dividend payout ratio (DPR) is 11.76%.

Analyst Upgrades and Downgrades

Separately, Wells Fargo & Company decreased their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries presently has an average rating of “Hold” and a consensus 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.