Vontobel Holding Ltd. Has $607,000 Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Vontobel Holding Ltd. lifted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 13.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,372 shares of the electronics maker’s stock after acquiring an additional 780 shares during the quarter. Vontobel Holding Ltd.’s holdings in Advanced Energy Industries were worth $607,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC boosted its holdings in shares of Advanced Energy Industries by 9.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker’s stock worth $207,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC lifted its holdings in Advanced Energy Industries by 65.1% during the 1st quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker’s stock worth $194,000 after buying an additional 801 shares in the last quarter. QRG Capital Management Inc. lifted its holdings in Advanced Energy Industries by 6.7% during the 1st quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker’s stock worth $536,000 after buying an additional 355 shares in the last quarter. Harbor Capital Advisors Inc. acquired a new position in Advanced Energy Industries during the 1st quarter worth $795,000. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Advanced Energy Industries by 4.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock worth $53,204,000 after buying an additional 18,533 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on AEIS. Stifel Nicolaus reaffirmed a “buy” rating and set a $130.00 price objective (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Citigroup upped their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a “buy” rating in a report on Monday, May 5th. Wall Street Zen raised Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, June 27th. Needham & Company LLC reduced their price objective on Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating on the stock in a report on Thursday, May 1st. Finally, KeyCorp reaffirmed an “overweight” rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $126.89.

Advanced Energy Industries Stock Performance

AEIS stock opened at $138.03 on Monday. The business’s fifty day moving average is $120.38 and its 200-day moving average is $112.85. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. The company has a market cap of $5.20 billion, a P/E ratio of 71.15, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $139.29.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The company had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. During the same quarter in the prior year, the business posted $0.58 EPS. The firm’s quarterly revenue was up 23.5% on a year-over-year basis. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries’s dividend payout ratio is currently 20.62%.

Insider Activity at Advanced Energy Industries

In related news, EVP Paul R. Oldham sold 1,173 shares of the company’s stock in a transaction on Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the completion of the sale, the executive vice president owned 31,006 shares in the company, valued at $4,070,777.74. This represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.20% of the stock is currently owned by corporate insiders.

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.