Strs Ohio purchased a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 2,600 shares of the electronics maker’s stock, valued at approximately $248,000.
A number of other large investors also recently made changes to their positions in the company. Russell Investments Group Ltd. lifted its position in shares of Advanced Energy Industries by 26.0% during the first quarter. Russell Investments Group Ltd. now owns 446 shares of the electronics maker’s stock valued at $43,000 after purchasing an additional 92 shares in the last quarter. Isthmus Partners LLC raised its holdings in shares of Advanced Energy Industries by 0.3% in the 1st quarter. Isthmus Partners LLC now owns 29,565 shares of the electronics maker’s stock worth $2,818,000 after purchasing an additional 96 shares during the period. US Bancorp DE raised its holdings in shares of Advanced Energy Industries by 2.8% in the 1st quarter. US Bancorp DE now owns 4,857 shares of the electronics maker’s stock worth $463,000 after purchasing an additional 134 shares during the period. Xponance Inc. raised its position in shares of Advanced Energy Industries by 5.8% in the first quarter. Xponance Inc. now owns 2,843 shares of the electronics maker’s stock valued at $271,000 after purchasing an additional 156 shares during the period. Finally, Nisa Investment Advisors LLC raised its position in shares of Advanced Energy Industries by 3.2% in the first quarter. Nisa Investment Advisors LLC now owns 5,168 shares of the electronics maker’s stock valued at $493,000 after purchasing an additional 160 shares during the period. 99.67% of the stock is owned by institutional investors.
Advanced Energy Industries Price Performance
Shares of Advanced Energy Industries stock opened at $170.77 on Thursday. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $179.28. The stock has a market capitalization of $6.44 billion, a price-to-earnings ratio of 77.27, a price-to-earnings-growth ratio of 1.40 and a beta of 1.57. The company has a fifty day moving average of $151.73 and a 200-day moving average of $125.87. 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 business also recently disclosed a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 25th were issued a $0.10 dividend. The ex-dividend date was Monday, August 25th. This represents a $0.40 annualized dividend and a yield of 0.2%. Advanced Energy Industries’s dividend payout ratio is 18.10%.
Insider Buying and Selling
In other Advanced Energy Industries 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 in the company, 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 can be accessed through the SEC website. Company insiders own 1.20% of the company’s stock.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on AEIS shares. Stifel Nicolaus set a $150.00 price target on shares of Advanced Energy Industries and gave the company a “buy” rating in a research report on Monday, August 4th. Benchmark upped their target price on shares of Advanced Energy Industries from $130.00 to $150.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. Wall Street Zen raised shares of Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 9th. TD Cowen upped their target price on shares of Advanced Energy Industries from $118.00 to $140.00 and gave the stock a “hold” rating in a report on Wednesday, August 6th. Finally, Needham & Company LLC upped their target price on shares of Advanced Energy Industries from $135.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, August 6th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus target price of $140.90.
View Our Latest Stock Report on AEIS
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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