Nisa Investment Advisors LLC Has $493,000 Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Nisa Investment Advisors LLC grew its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,168 shares of the electronics maker’s stock after buying an additional 160 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Advanced Energy Industries were worth $493,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in shares of Advanced Energy Industries by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock valued at $568,168,000 after buying an additional 69,908 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake 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 valued at $89,565,000 after buying an additional 138,814 shares in the last quarter. Summit Partners Public Asset Management LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $71,494,000. Norges Bank acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $68,949,000. Finally, Silvercrest Asset Management Group LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $58,393,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Up 0.2%

Shares of NASDAQ AEIS opened at $139.42 on Thursday. The stock has a market cap of $5.25 billion, a P/E ratio of 71.87, a P/E/G ratio of 1.28 and a beta of 1.52. The firm has a 50 day moving average price of $125.97 and a 200 day moving average price of $114.25. 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, Inc. has a 52-week low of $75.01 and a 52-week high of $144.54.

Advanced Energy Industries (NASDAQ:AEIS) last announced 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 net margin of 4.73% and a return on equity of 10.70%. The firm had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. During the same quarter in the previous year, the firm posted $0.58 earnings per share. The business’s revenue was up 23.5% on a year-over-year basis. Analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AEIS. Citigroup increased their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a “buy” rating in a research note on Monday, May 5th. Wells Fargo & Company increased their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an “equal weight” rating in a research report on Friday, June 27th. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Robert W. Baird increased their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, KeyCorp increased their target price on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the stock an “overweight” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries currently has an average rating of “Moderate Buy” and an average price target of $130.20.

Insider Buying and Selling

In other Advanced Energy Industries news, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries stock in a transaction that occurred 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 transaction, the executive vice president 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Donaghey sold 2,000 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the transaction, the executive vice president directly owned 11,029 shares in the company, valued at approximately $1,544,060. The trade was a 15.35% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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.