Wells Fargo & Company MN Grows Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Wells Fargo & Company MN raised its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEISFree Report) by 63.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 369,438 shares of the electronics maker’s stock after buying an additional 143,692 shares during the quarter. Wells Fargo & Company MN owned about 0.99% of Advanced Energy Industries worth $40,239,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Advanced Energy Industries by 0.8% in the third quarter. Vanguard Group Inc. now owns 4,437,545 shares of the electronics maker’s stock worth $457,600,000 after purchasing an additional 37,231 shares during the last quarter. FMR LLC raised its stake in shares of Advanced Energy Industries by 16.8% in the third quarter. FMR LLC now owns 4,026,979 shares of the electronics maker’s stock worth $415,262,000 after purchasing an additional 577,765 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Advanced Energy Industries by 0.5% in the third quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock worth $161,750,000 after purchasing an additional 7,701 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Advanced Energy Industries by 6.9% in the fourth quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock worth $127,207,000 after purchasing an additional 75,351 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Advanced Energy Industries by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock worth $100,641,000 after purchasing an additional 3,093 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Up 1.3 %

Shares of AEIS opened at $109.46 on Monday. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a 12 month low of $81.86 and a 12 month high of $126.38. The stock’s 50 day moving average is $99.14 and its two-hundred day moving average is $100.89. The firm has a market cap of $4.10 billion, a P/E ratio of 40.24, a PEG ratio of 4.86 and a beta of 1.54.

Advanced Energy Industries (NASDAQ:AEISGet Free Report) last issued its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The business had revenue of $327.50 million during the quarter, compared to analyst estimates of $351.74 million. During the same period in the previous year, the business posted $1.10 earnings per share. The firm’s revenue for the quarter was down 22.9% on a year-over-year basis. Analysts predict that Advanced Energy Industries, Inc. will post 2.57 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio is presently 14.71%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AEIS. StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Thursday, May 2nd. Wells Fargo & Company reduced their price target on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 7th. Benchmark reiterated a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Citigroup lifted their price target on Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Monday, May 6th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Tuesday, May 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $108.86.

Read Our Latest Stock Report on Advanced Energy Industries

About Advanced Energy Industries

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for Advanced Energy Industries (NASDAQ:AEIS)

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