Intech Investment Management LLC Purchases Shares of 6,827 Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Intech Investment Management LLC purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 6,827 shares of the electronics maker’s stock, valued at approximately $718,000.

Other hedge funds also recently made changes to their positions in the company. Atria Investments Inc acquired a new stake in Advanced Energy Industries during the 1st quarter valued at approximately $1,226,000. Oppenheimer Asset Management Inc. boosted its stake in shares of Advanced Energy Industries by 36.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker’s stock valued at $4,209,000 after purchasing an additional 10,243 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after buying an additional 118,328 shares during the period. Public Sector Pension Investment Board raised its stake in Advanced Energy Industries by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker’s stock worth $8,956,000 after buying an additional 5,930 shares during the last quarter. Finally, Earnest Partners LLC lifted its holdings in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after buying an additional 199,578 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $115.04 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The firm has a fifty day simple moving average of $109.20 and a two-hundred day simple moving average of $107.20. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $120.81. The firm has a market capitalization of $4.33 billion, a PE ratio of 101.84, a price-to-earnings-growth ratio of 6.73 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last posted its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The firm’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.12 earnings per share. Analysts forecast that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. Advanced Energy Industries’s payout ratio is 35.09%.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Susquehanna cut their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Finally, Robert W. Baird dropped their target price on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $113.75.

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.