Federated Hermes Inc. Increases Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Federated Hermes Inc. boosted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,494 shares of the electronics maker’s stock after purchasing an additional 1,050 shares during the period. Federated Hermes Inc. owned approximately 0.10% of Advanced Energy Industries worth $3,969,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of Advanced Energy Industries during the 4th quarter valued at approximately $87,000. Jump Financial LLC acquired a new stake in Advanced Energy Industries during the fourth quarter worth $266,000. Dimensional Fund Advisors LP raised its position in Advanced Energy Industries by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock valued at $100,641,000 after purchasing an additional 3,093 shares during the period. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Advanced Energy Industries by 11.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 4,007 shares of the electronics maker’s stock valued at $436,000 after purchasing an additional 401 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Advanced Energy Industries during the 4th quarter worth $43,516,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Down 1.2 %

Advanced Energy Industries stock opened at $97.83 on Thursday. The firm has a market capitalization of $3.66 billion, a P/E ratio of 36.18, a P/E/G ratio of 4.88 and a beta of 1.50. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. Advanced Energy Industries, Inc. has a twelve month low of $81.86 and a twelve month high of $119.75. The stock’s fifty day simple moving average is $105.33 and its 200-day simple moving average is $103.33.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same quarter last year, the business posted $0.95 EPS. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. As a group, equities analysts expect that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.41%. Advanced Energy Industries’s payout ratio is 14.71%.

Wall Street Analyst Weigh In

AEIS has been the topic of several research analyst reports. Benchmark restated a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, July 31st. TD Cowen boosted their price target on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Thursday, September 12th. Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price for the company. Finally, Susquehanna upped their price target on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Eight research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.25.

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.