Ameritas Investment Partners Inc. trimmed its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 99.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,151 shares of the electronics maker’s stock after selling 1,540,660 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Advanced Energy Industries were worth $536,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in AEIS. OneDigital Investment Advisors LLC raised its stake in Advanced Energy Industries by 46.5% during the 3rd quarter. OneDigital Investment Advisors LLC now owns 2,817 shares of the electronics maker’s stock worth $479,000 after buying an additional 894 shares during the period. CenterBook Partners LP lifted its holdings in shares of Advanced Energy Industries by 30.1% during the 3rd quarter. CenterBook Partners LP now owns 27,772 shares of the electronics maker’s stock valued at $4,725,000 after purchasing an additional 6,426 shares in the last quarter. First National Bank of Omaha acquired a new position in shares of Advanced Energy Industries in the 3rd quarter valued at approximately $916,000. NEOS Investment Management LLC increased its stake in Advanced Energy Industries by 21.9% during the 3rd quarter. NEOS Investment Management LLC now owns 13,715 shares of the electronics maker’s stock worth $2,333,000 after purchasing an additional 2,465 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Advanced Energy Industries by 9.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 8,565 shares of the electronics maker’s stock worth $1,457,000 after buying an additional 744 shares during the period. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Performance
NASDAQ:AEIS opened at $335.57 on Friday. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $347.28. The company has a market cap of $12.67 billion, a P/E ratio of 87.85, a P/E/G ratio of 2.51 and a beta of 1.41. The stock’s 50-day simple moving average is $263.77 and its 200 day simple moving average is $212.91.
Advanced Energy Industries Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Monday, February 23rd will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date is Monday, February 23rd. Advanced Energy Industries’s payout ratio is presently 10.47%.
Analyst Upgrades and Downgrades
AEIS has been the subject of several research analyst reports. Zacks Research upgraded shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. KeyCorp upped their target price on shares of Advanced Energy Industries from $290.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 11th. Citigroup increased their target price on Advanced Energy Industries from $255.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, February 12th. Wells Fargo & Company boosted their price target on Advanced Energy Industries from $225.00 to $300.00 and gave the company an “equal weight” rating in a report on Wednesday, February 11th. Finally, Wall Street Zen downgraded Advanced Energy Industries from a “buy” rating to a “hold” rating in a report on Saturday, February 21st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $304.00.
Read Our Latest Research Report on AEIS
Insiders Place Their Bets
In other news, Director Tina Donikowski sold 2,257 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $210.33, for a total value of $474,714.81. Following the sale, the director directly owned 8,248 shares of the company’s stock, valued at approximately $1,734,801.84. This represents a 21.49% 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. Also, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $316.62, for a total transaction of $316,620.00. Following the completion of the sale, the director owned 4,585 shares of the company’s stock, valued at $1,451,702.70. This trade represents a 17.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,221 shares of company stock valued at $1,107,932. 1.20% of the stock is currently owned by corporate insiders.
Advanced Energy Industries Profile
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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