Thrivent Financial for Lutherans Sells 1,259 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Thrivent Financial for Lutherans reduced its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 31,083 shares of the electronics maker’s stock after selling 1,259 shares during the period. Thrivent Financial for Lutherans owned 0.08% of Advanced Energy Industries worth $3,381,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new stake in Advanced Energy Industries in the 1st quarter valued at about $25,000. Parallel Advisors LLC raised its stake in Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 154 shares during the period. GAMMA Investing LLC raised its stake in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after acquiring an additional 383 shares during the period. Canada Pension Plan Investment Board bought a new stake in Advanced Energy Industries in the 2nd quarter valued at about $87,000. Finally, Hilltop National Bank raised its stake in Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 116 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AEIS has been the topic of several analyst reports. Citigroup cut Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target on the stock. in a research report on Monday, July 15th. Stifel Nicolaus initiated coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. Susquehanna upped their price target on Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Finally, Robert W. Baird initiated coverage on Advanced Energy Industries in a research report on Friday, September 20th. They set an “outperform” rating and a $128.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries presently has an average rating of “Hold” and a consensus price target of $114.89.

Advanced Energy Industries Stock Up 0.9 %

Shares of NASDAQ AEIS opened at $104.70 on Monday. Advanced Energy Industries, Inc. has a 12 month low of $81.86 and a 12 month high of $119.75. The company has a current ratio of 5.47, a quick ratio of 4.22 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $3.92 billion, a price-to-earnings ratio of 38.49, a PEG ratio of 5.12 and a beta of 1.50. The business has a 50-day moving average of $103.39 and a 200-day moving average of $103.32.

Advanced Energy Industries (NASDAQ:AEIS) last issued its 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 during 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%. Advanced Energy Industries’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.95 earnings per share. Sell-side 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 announced a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio is currently 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.