Amundi increased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 22.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,813 shares of the electronics maker’s stock after purchasing an additional 4,408 shares during the period. Amundi owned approximately 0.06% of Advanced Energy Industries worth $2,270,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Summit Partners Public Asset Management LLC bought a new position in shares of Advanced Energy Industries in the 4th quarter worth $71,494,000. Silvercrest Asset Management Group LLC bought a new position in Advanced Energy Industries during the 4th quarter valued at $58,393,000. Principal Financial Group Inc. lifted its stake in Advanced Energy Industries by 0.3% during the 1st quarter. Principal Financial Group Inc. now owns 477,296 shares of the electronics maker’s stock valued at $45,491,000 after acquiring an additional 1,624 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Advanced Energy Industries by 1.1% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 465,162 shares of the electronics maker’s stock valued at $44,335,000 after acquiring an additional 5,041 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Advanced Energy Industries by 15,632.7% during the 1st quarter. GAMMA Investing LLC now owns 193,670 shares of the electronics maker’s stock valued at $18,459,000 after acquiring an additional 192,439 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.
Advanced Energy Industries Trading Up 1.4%
Shares of AEIS opened at $159.52 on Friday. The business has a 50-day moving average of $146.97 and a 200 day moving average of $122.56. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $163.07. The firm has a market cap of $6.02 billion, a P/E ratio of 72.18, a price-to-earnings-growth ratio of 1.25 and a beta of 1.57. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.97 and a current ratio of 4.09.
Advanced Energy Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Investors of record on Monday, August 25th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a $0.40 annualized dividend and a yield of 0.3%. Advanced Energy Industries’s dividend payout ratio (DPR) is 18.10%.
Wall Street Analysts Forecast Growth
Several equities analysts have weighed in on AEIS shares. Wells Fargo & Company raised their price objective on Advanced Energy Industries from $110.00 to $130.00 and gave the company an “equal weight” rating in a research note on Friday, June 27th. Stifel Nicolaus set a $150.00 price objective on Advanced Energy Industries and gave the company a “buy” rating in a research note on Monday, August 4th. Needham & Company LLC raised their price objective on Advanced Energy Industries from $135.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, August 6th. TD Cowen raised their price objective on Advanced Energy Industries from $118.00 to $140.00 and gave the company a “hold” rating in a research note on Wednesday, August 6th. Finally, Zacks Research upgraded Advanced Energy Industries to a “hold” rating in a research note on Tuesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $140.90.
View Our Latest Analysis on Advanced Energy Industries
Insider Activity
In related news, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries stock in a transaction dated Friday, June 20th. The stock was 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 of the company’s stock, valued at approximately $4,070,777.74. This trade represents a 3.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Donaghey sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $160.73, for a total value of $160,730.00. Following the completion of the sale, the executive vice president directly owned 10,029 shares of the company’s stock, valued at approximately $1,611,961.17. This trade represents a 9.07% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,173 shares of company stock valued at $594,733. 1.20% of the stock is currently owned by 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.
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