Dimensional Fund Advisors LP Has $103.43 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Dimensional Fund Advisors LP grew its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 950,977 shares of the electronics maker’s stock after purchasing an additional 15,577 shares during the quarter. Dimensional Fund Advisors LP owned approximately 2.54% of Advanced Energy Industries worth $103,428,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AEIS. Norges Bank acquired a new stake in Advanced Energy Industries during the 4th quarter worth approximately $43,516,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Advanced Energy Industries in the fourth quarter worth $272,000. UBS Group AG increased its holdings in Advanced Energy Industries by 24.1% in the fourth quarter. UBS Group AG now owns 55,760 shares of the electronics maker’s stock valued at $6,073,000 after purchasing an additional 10,830 shares during the period. D.A. Davidson & CO. bought a new position in Advanced Energy Industries during the 4th quarter worth $202,000. Finally, Corient Private Wealth LLC lifted its holdings in Advanced Energy Industries by 24.3% during the 4th quarter. Corient Private Wealth LLC now owns 6,845 shares of the electronics maker’s stock worth $746,000 after buying an additional 1,337 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AEIS shares. Stifel Nicolaus began coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target for the company. StockNews.com downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. TD Cowen boosted their price target on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Susquehanna increased their price objective on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Finally, Benchmark restated a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $114.89.

Advanced Energy Industries Price Performance

AEIS stock opened at $101.37 on Wednesday. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The company’s 50-day moving average is $103.94 and its 200-day moving average is $103.25. The stock has a market capitalization of $3.80 billion, a PE ratio of 37.27, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.14. The business had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The company’s quarterly revenue was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. Equities research analysts expect that Advanced Energy Industries, Inc. will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

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.