Principal Financial Group Inc. Sells 6,064 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Principal Financial Group Inc. cut its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.4% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 430,282 shares of the electronics maker’s stock after selling 6,064 shares during the period. Principal Financial Group Inc. owned about 1.15% of Advanced Energy Industries worth $46,797,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AEIS. 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 buying an additional 116 shares in the last quarter. Quadrant Capital Group LLC boosted its position in shares of Advanced Energy Industries by 7.1% in the fourth quarter. Quadrant Capital Group LLC now owns 2,087 shares of the electronics maker’s stock worth $227,000 after purchasing an additional 138 shares during the period. Parallel Advisors LLC increased its stake in shares of Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares in the last quarter. Pitcairn Co. increased its stake in shares of Advanced Energy Industries by 3.9% in the first quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock worth $449,000 after purchasing an additional 164 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its position in shares of Advanced Energy Industries by 2.7% during the 1st quarter. Azzad Asset Management Inc. ADV now owns 7,198 shares of the electronics maker’s stock valued at $734,000 after purchasing an additional 186 shares during the period. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Down 0.9 %

Shares of Advanced Energy Industries stock opened at $106.09 on Friday. The firm 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 business has a 50-day moving average price of $107.74 and a 200-day moving average price of $103.58. The company has a quick ratio of 4.40, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The firm had revenue of $364.95 million during the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.95 earnings per share. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.32 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

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

Analyst Upgrades and Downgrades

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

Advanced Energy Industries Company 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.