Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 129,459 shares of the electronics maker’s stock after selling 2,173 shares during the quarter. Fisher Asset Management LLC’s holdings in Advanced Energy Industries were worth $14,101,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AEIS. SG Americas Securities LLC acquired a new position in shares of Advanced Energy Industries during the 3rd quarter worth approximately $339,000. Exchange Traded Concepts LLC purchased a new position in Advanced Energy Industries during the third quarter valued at $48,000. Raymond James & Associates lifted its holdings in Advanced Energy Industries by 27.5% during the third quarter. Raymond James & Associates now owns 19,388 shares of the electronics maker’s stock valued at $1,999,000 after purchasing an additional 4,177 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Advanced Energy Industries by 20.1% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,025 shares of the electronics maker’s stock valued at $724,000 after purchasing an additional 1,176 shares during the period. Finally, Strs Ohio increased its stake in shares of Advanced Energy Industries by 60.6% during the third quarter. Strs Ohio now owns 5,300 shares of the electronics maker’s stock worth $546,000 after purchasing an additional 2,000 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Up 2.5 %

Shares of AEIS opened at $97.99 on Monday. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $126.38. The firm has a market capitalization of $3.67 billion, a P/E ratio of 36.03, a P/E/G ratio of 3.43 and a beta of 1.54. The firm has a 50-day moving average price of $97.79 and a 200 day moving average price of $99.14. The company has a current ratio of 5.61, a quick ratio of 4.10 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.09). The firm had revenue of $327.50 million during the quarter, compared to analysts’ expectations of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The business’s quarterly revenue was down 22.9% on a year-over-year basis. During the same period last year, the company earned $1.10 EPS. Sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.88 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday. Susquehanna dropped their price target on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday. Wells Fargo & Company lowered their target price on shares of 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. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday. Finally, Benchmark reaffirmed a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus target price of $111.86.

Advanced Energy Industries Company 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.