M&T Bank Corp Has $749,000 Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

M&T Bank Corp reduced its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 69.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,856 shares of the electronics maker’s stock after selling 17,708 shares during the quarter. M&T Bank Corp’s holdings in Advanced Energy Industries were worth $749,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AEIS. Summit Partners Public Asset Management LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $71,494,000. Norges Bank acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $68,949,000. Silvercrest Asset Management Group LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter worth approximately $58,393,000. GAMMA Investing LLC boosted its holdings in shares of Advanced Energy Industries by 15,632.7% in the 1st quarter. GAMMA Investing LLC now owns 193,670 shares of the electronics maker’s stock worth $18,459,000 after acquiring an additional 192,439 shares in the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Advanced Energy Industries by 21.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker’s stock worth $89,565,000 after acquiring an additional 138,814 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on AEIS. Robert W. Baird upped their price objective on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company upped their price objective on Advanced Energy Industries from $110.00 to $130.00 and gave the stock an “equal weight” rating in a report on Friday, June 27th. KeyCorp reaffirmed an “overweight” rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. 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. Finally, 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. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus price target of $126.89.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $141.48 on Tuesday. The firm has a fifty day moving average of $124.12 and a two-hundred day moving average of $113.72. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 72.93, a PEG ratio of 1.29 and a beta of 1.52. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $144.54. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43.

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

Advanced Energy Industries Dividend Announcement

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 0.28%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries’s dividend payout ratio is currently 20.62%.

Insiders Place Their Bets

In related news, EVP John Donaghey sold 2,000 shares of the company’s stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the transaction, the executive vice president directly owned 11,029 shares of the company’s stock, valued at approximately $1,544,060. This represents a 15.35% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paul R. Oldham sold 1,173 shares of the company’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the completion of the transaction, the executive vice president directly owned 31,006 shares of the company’s stock, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

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.