Xponance Inc. Has $271,000 Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Xponance Inc. increased its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 5.8% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 2,843 shares of the electronics maker’s stock after purchasing an additional 156 shares during the quarter. Xponance Inc.’s holdings in Advanced Energy Industries were worth $271,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in Advanced Energy Industries in the fourth quarter valued at $9,864,000. Swiss National Bank lifted its stake in shares of Advanced Energy Industries by 1.4% during the fourth quarter. Swiss National Bank now owns 74,100 shares of the electronics maker’s stock valued at $8,568,000 after acquiring an additional 1,000 shares during the period. Commonwealth Equity Services LLC lifted its stake in Advanced Energy Industries by 2.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 9,629 shares of the electronics maker’s stock valued at $1,113,000 after buying an additional 206 shares during the period. Natixis Advisors LLC lifted its stake in Advanced Energy Industries by 21.2% in the fourth quarter. Natixis Advisors LLC now owns 26,638 shares of the electronics maker’s stock valued at $3,080,000 after buying an additional 4,666 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Advanced Energy Industries in the fourth quarter valued at about $405,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Price Performance

AEIS stock opened at $143.25 on Friday. The firm has a 50 day moving average price of $127.24 and a 200-day moving average price of $114.62. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $144.54. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 73.84, a PEG ratio of 1.32 and a beta of 1.52. 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 posted its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.26. The business had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.58 EPS. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries’s dividend payout ratio is 20.62%.

Wall Street Analyst Weigh In

AEIS has been the subject of several recent research reports. Needham & Company LLC reduced their price target on Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating for the company in a research report on Thursday, May 1st. Citigroup raised their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the company a “buy” rating in a research report on Monday, May 5th. Robert W. Baird lifted their price target on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Wall Street Zen raised Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, KeyCorp raised their price objective on Advanced Energy Industries from $150.00 to $160.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 15th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus target price of $130.20.

Insider Activity

In related news, EVP John Donaghey sold 2,000 shares of the 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 sale, the executive vice president owned 11,029 shares of the company’s stock, valued at $1,544,060. This represents a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Paul R. Oldham sold 1,173 shares of the firm’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. This represents a 3.65% decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently 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.