Public Employees Retirement Association of Colorado Cuts Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Public Employees Retirement Association of Colorado trimmed its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 8.1% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 4,452 shares of the electronics maker’s stock after selling 393 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Advanced Energy Industries were worth $484,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its stake in Advanced Energy Industries by 7.9% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 4,259 shares of the electronics maker’s stock valued at $463,000 after buying an additional 312 shares during the last quarter. Mutual of America Capital Management LLC raised its position in shares of Advanced Energy Industries by 27.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 37,850 shares of the electronics maker’s stock worth $4,117,000 after purchasing an additional 8,108 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Advanced Energy Industries by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after purchasing an additional 15,577 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in Advanced Energy Industries by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker’s stock valued at $55,949,000 after purchasing an additional 13,967 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in Advanced Energy Industries by 8.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 209,522 shares of the electronics maker’s stock valued at $22,788,000 after purchasing an additional 15,590 shares in the last quarter. 99.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AEIS has been the topic of several analyst reports. TD Cowen upped their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a report on Monday, July 15th. Susquehanna lifted their price objective on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries presently has a consensus rating of “Hold” and an average target price of $114.89.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $103.81 on Friday. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $119.75. The firm has a market capitalization of $3.91 billion, a price-to-earnings ratio of 38.17, a price-to-earnings-growth ratio of 5.12 and a beta of 1.50. The firm has a 50 day moving average of $103.47 and a 200 day moving average of $103.23.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping the consensus estimate 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%. Advanced Energy Industries’s revenue was down 12.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.95 EPS. On average, research analysts anticipate that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Advanced Energy Industries’s payout ratio is currently 14.71%.

About Advanced Energy Industries

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.