PNC Financial Services Group Inc. Sells 984 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

PNC Financial Services Group Inc. lessened its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,041 shares of the electronics maker’s stock after selling 984 shares during the period. PNC Financial Services Group Inc.’s holdings in Advanced Energy Industries were worth $985,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Parallel Advisors LLC boosted its holdings in shares of Advanced Energy Industries by 78.2% during the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after buying an additional 154 shares in the last quarter. Signaturefd LLC boosted its stake in Advanced Energy Industries by 52.3% in the 4th quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 209 shares in the last quarter. DekaBank Deutsche Girozentrale bought a new position in Advanced Energy Industries in the 3rd quarter worth about $85,000. Principal Securities Inc. bought a new position in Advanced Energy Industries in the 4th quarter worth about $87,000. Finally, Group One Trading L.P. boosted its stake in Advanced Energy Industries by 26.0% in the 3rd quarter. Group One Trading L.P. now owns 1,106 shares of the electronics maker’s stock worth $114,000 after purchasing an additional 228 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Trading Up 0.6 %

Shares of AEIS opened at $109.32 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38. The company has a 50 day simple moving average of $102.81 and a two-hundred day simple moving average of $102.73. The firm has a market cap of $4.09 billion, a P/E ratio of 40.19, a price-to-earnings-growth ratio of 5.32 and a beta of 1.53.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same period last year, the business earned $1.10 earnings per share. The company’s quarterly revenue was down 22.9% compared to the same quarter last year. On average, equities analysts expect that Advanced Energy Industries, Inc. will post 2.33 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Monday, May 27th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. The ex-dividend date was Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Citigroup upped their price target on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Susquehanna lowered their target price on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 2nd. Benchmark restated a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, May 21st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.86.

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.