M&T Bank Corp Purchases 2,674 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

M&T Bank Corp raised its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 12.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,513 shares of the electronics maker’s stock after buying an additional 2,674 shares during the quarter. M&T Bank Corp’s holdings in Advanced Energy Industries were worth $2,561,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of AEIS. Signaturefd LLC increased its stake in shares of Advanced Energy Industries by 52.3% in the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after acquiring an additional 209 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in shares of Advanced Energy Industries during the third quarter valued at approximately $85,000. Group One Trading L.P. lifted its holdings in shares of Advanced Energy Industries by 26.0% during the third quarter. Group One Trading L.P. now owns 1,106 shares of the electronics maker’s stock valued at $114,000 after purchasing an additional 228 shares during the last quarter. Advisor Partners II LLC boosted its position in shares of Advanced Energy Industries by 7.9% in the 3rd quarter. Advisor Partners II LLC now owns 2,012 shares of the electronics maker’s stock worth $207,000 after purchasing an additional 148 shares in the last quarter. Finally, Peterson Wealth Services bought a new stake in shares of Advanced Energy Industries in the 4th quarter worth approximately $207,000. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $101.57 on Thursday. The firm’s 50-day moving average price is $97.94 and its 200-day moving average price is $99.31. Advanced Energy Industries, Inc. has a 52-week low of $81.86 and a 52-week high of $126.38. The company has a market cap of $3.80 billion, a PE ratio of 37.34, a PEG ratio of 3.43 and a beta of 1.54. The company has a quick ratio of 4.40, a current ratio of 5.61 and a debt-to-equity ratio of 0.78.

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

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Monday, May 27th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on AEIS shares. Citigroup raised their price objective on Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Monday. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Benchmark reissued a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Susquehanna decreased their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Finally, Wells Fargo & Company cut their price target on shares of Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $108.86.

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.