Bank of New York Mellon Corp Purchases 102,659 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Bank of New York Mellon Corp grew its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 23.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 540,213 shares of the electronics maker’s stock after acquiring an additional 102,659 shares during the quarter. Bank of New York Mellon Corp owned 1.44% of Advanced Energy Industries worth $58,754,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of AEIS. Rise Advisors LLC bought a new stake in Advanced Energy Industries in the 1st quarter valued at about $25,000. Parallel Advisors LLC grew its position in Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares in the last quarter. GAMMA Investing LLC increased its stake in Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares during the period. Principal Securities Inc. acquired a new position in Advanced Energy Industries in the 4th quarter valued at $87,000. Finally, Hilltop National Bank lifted its position in shares of Advanced Energy Industries by 13.4% during the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 116 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEIS has been the topic of a number of recent analyst reports. Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target on the stock. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Susquehanna increased their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Tuesday. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.25.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $106.09 on Friday. Advanced Energy Industries, Inc. has a one year low of $81.86 and a one year high of $119.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.40. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 39.00, a PEG ratio of 5.79 and a beta of 1.52. The firm has a 50 day simple moving average of $107.74 and a 200 day simple moving average of $103.58.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The company had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. Advanced Energy Industries’s revenue was down 12.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.95 EPS. Research analysts predict that Advanced Energy Industries, Inc. will post 2.32 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. The ex-dividend date is Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 14.71%.

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.