Fisher Asset Management LLC lifted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 80.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 273,993 shares of the electronics maker’s stock after buying an additional 122,094 shares during the period. Fisher Asset Management LLC owned about 0.73% of Advanced Energy Industries worth $36,304,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of AEIS. Norges Bank acquired a new position in Advanced Energy Industries in the 2nd quarter worth about $58,766,000. Franklin Resources Inc. bought a new stake in shares of Advanced Energy Industries during the second quarter worth about $30,687,000. MetLife Investment Management LLC increased its stake in shares of Advanced Energy Industries by 557.2% in the first quarter. MetLife Investment Management LLC now owns 148,479 shares of the electronics maker’s stock valued at $14,152,000 after buying an additional 125,888 shares during the period. Nuveen LLC bought a new position in Advanced Energy Industries in the 1st quarter valued at approximately $9,770,000. Finally, Ceredex Value Advisors LLC bought a new position in Advanced Energy Industries in the 2nd quarter valued at approximately $11,335,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Stock Performance
AEIS stock opened at $210.94 on Wednesday. The firm has a market cap of $7.96 billion, a PE ratio of 55.36, a price-to-earnings-growth ratio of 1.24 and a beta of 1.38. The company has a current ratio of 4.10, a quick ratio of 3.01 and a debt-to-equity ratio of 0.43. The stock has a 50-day moving average price of $195.06 and a 200-day moving average price of $159.52. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $232.05.
Advanced Energy Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, December 5th. Investors of record on Monday, November 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date is Monday, November 24th. Advanced Energy Industries’s payout ratio is presently 10.50%.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. KeyCorp upped their price target on shares of Advanced Energy Industries from $195.00 to $240.00 and gave the company an “overweight” rating in a research report on Wednesday, November 5th. Stifel Nicolaus increased their price objective on Advanced Energy Industries from $210.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Robert W. Baird set a $190.00 target price on Advanced Energy Industries in a report on Monday, October 27th. Cowen reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 5th. Finally, TD Cowen raised their price objective on Advanced Energy Industries from $140.00 to $210.00 and gave the stock a “hold” rating in a research report on Wednesday, November 5th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average target price of $212.00.
Get Our Latest Stock Analysis on AEIS
Insider Transactions at Advanced Energy Industries
In other Advanced Energy Industries news, EVP Paul R. Oldham sold 8,174 shares of the firm’s stock in a transaction on Wednesday, November 19th. The shares were sold at an average price of $203.11, for a total value of $1,660,221.14. Following the completion of the sale, the executive vice president directly owned 24,792 shares in the company, valued at approximately $5,035,503.12. This trade represents a 24.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
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.
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