Evoke Wealth LLC Takes Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Evoke Wealth LLC purchased a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEISFree Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 4,074 shares of the electronics maker’s stock, valued at approximately $444,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC lifted its holdings in shares of Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 154 shares in the last quarter. Signaturefd LLC increased its position in Advanced Energy Industries by 52.3% during the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after acquiring an additional 209 shares during the last quarter. Principal Securities Inc. purchased a new stake in Advanced Energy Industries during the fourth quarter valued at $87,000. DekaBank Deutsche Girozentrale purchased a new stake in Advanced Energy Industries during the third quarter valued at $85,000. Finally, Group One Trading L.P. increased its position in 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 acquiring an additional 228 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Susquehanna reduced their price objective on Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 2nd. Citigroup upped 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, May 6th. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Tuesday, May 21st. Benchmark restated a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Finally, StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. One investment 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 MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $108.86.

Check Out Our Latest Stock Analysis on AEIS

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $107.43 on Monday. The firm has a market cap of $4.02 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 5.26 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. The business has a 50-day moving average price of $100.23 and a 200-day moving average price of $101.47. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $126.38.

Advanced Energy Industries (NASDAQ:AEISGet Free Report) last released its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The business had revenue of $327.50 million during the quarter, compared to the consensus estimate of $351.74 million. During the same period last year, the company earned $1.10 EPS. The business’s revenue was down 22.9% on a year-over-year basis. As a group, equities research analysts predict that Advanced Energy Industries, Inc. will post 2.33 EPS 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. Investors of record on Monday, May 27th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend is Thursday, May 23rd. Advanced Energy Industries’s payout ratio is presently 14.71%.

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.

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

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