Arrowstreet Capital Limited Partnership grew its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 17.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 335,591 shares of the electronics maker’s stock after buying an additional 48,842 shares during the period. Arrowstreet Capital Limited Partnership owned approximately 0.88% of Advanced Energy Industries worth $108,299,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the company. Geode Capital Management LLC increased its holdings in shares of Advanced Energy Industries by 3.1% in the fourth quarter. Geode Capital Management LLC now owns 956,979 shares of the electronics maker’s stock worth $200,393,000 after acquiring an additional 28,549 shares in the last quarter. Bank of America Corp DE lifted its holdings in shares of Advanced Energy Industries by 2.2% during the 2nd quarter. Bank of America Corp DE now owns 946,649 shares of the electronics maker’s stock valued at $125,431,000 after purchasing an additional 20,573 shares in the last quarter. Norges Bank bought a new position in shares of Advanced Energy Industries during the 4th quarter valued at about $123,403,000. Franklin Resources Inc. grew its position in shares of Advanced Energy Industries by 55.4% in the 4th quarter. Franklin Resources Inc. now owns 487,494 shares of the electronics maker’s stock valued at $102,067,000 after purchasing an additional 173,836 shares during the period. Finally, Fuller & Thaler Asset Management Inc. grew its position in shares of Advanced Energy Industries by 1,734.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 427,674 shares of the electronics maker’s stock valued at $89,542,000 after purchasing an additional 404,356 shares during the period. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Down 3.5%
Shares of AEIS stock opened at $303.99 on Friday. The company’s fifty day simple moving average is $324.27 and its 200-day simple moving average is $317.81. The firm has a market cap of $11.56 billion, a PE ratio of 64.00, a P/E/G ratio of 1.27 and a beta of 1.25. Advanced Energy Industries, Inc. has a 12 month low of $128.40 and a 12 month high of $397.44.
Advanced Energy Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 25th were paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Friday, May 22nd. Advanced Energy Industries’s dividend payout ratio is currently 8.42%.
Analysts Set New Price Targets
A number of research firms recently issued reports on AEIS. Cantor Fitzgerald increased their target price on Advanced Energy Industries from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Monday, June 29th. Bank of America lifted their price target on shares of Advanced Energy Industries from $430.00 to $450.00 and gave the company a “buy” rating in a research note on Tuesday, June 23rd. TD Cowen upped their price target on shares of Advanced Energy Industries from $300.00 to $350.00 and gave the company a “hold” rating in a report on Tuesday, May 5th. Susquehanna increased their price objective on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Finally, KeyCorp raised their price objective on shares of Advanced Energy Industries from $375.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Eleven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $404.25.
Read Our Latest Stock Report on AEIS
About Advanced Energy Industries
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
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