Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEISFree Report) by 24.3% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 6,845 shares of the electronics maker’s stock after purchasing an additional 1,337 shares during the quarter. Corient Private Wealth LLC’s holdings in Advanced Energy Industries were worth $746,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC increased its position in shares of Advanced Energy Industries by 52.3% during the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock valued at $66,000 after purchasing an additional 209 shares during the period. DekaBank Deutsche Girozentrale bought a new stake in shares of Advanced Energy Industries during the 3rd quarter worth $85,000. Principal Securities Inc. bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth $87,000. Group One Trading L.P. boosted its stake in shares of Advanced Energy Industries by 26.0% during the 3rd quarter. Group One Trading L.P. now owns 1,106 shares of the electronics maker’s stock worth $114,000 after acquiring an additional 228 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth $202,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Price Performance

AEIS opened at $106.42 on Wednesday. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 39.13, a PEG ratio of 5.26 and a beta of 1.53. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38. The company has a current ratio of 5.61, a quick ratio of 4.40 and a debt-to-equity ratio of 0.78. The stock has a fifty day moving average price of $100.60 and a 200 day moving average price of $101.64.

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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). The firm had revenue of $327.50 million for the quarter, compared to analyst estimates of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. Advanced Energy Industries’s revenue for the quarter was down 22.9% on a year-over-year basis. During the same period in the previous year, the business posted $1.10 EPS. Analysts forecast that Advanced Energy Industries, Inc. will post 2.33 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Monday, May 27th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.38%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 14.71%.

Analysts Set New Price Targets

AEIS has been the subject of several research reports. Citigroup raised their price objective on Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Benchmark reissued a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Tuesday, May 21st. StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Finally, Susquehanna decreased their target price 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. 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, Advanced Energy Industries has a consensus rating of “Hold” and a consensus target price 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.

See Also

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

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