Advanced Energy Industries, Inc. (NASDAQ:AEIS) Holdings Raised by AQR Capital Management LLC

AQR Capital Management LLC increased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 18.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,649 shares of the electronics maker’s stock after purchasing an additional 566 shares during the quarter. AQR Capital Management LLC’s holdings in Advanced Energy Industries were worth $397,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in AEIS. Bank of New York Mellon Corp lifted its stake in Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after buying an additional 102,659 shares during the last quarter. Vanguard Group Inc. lifted its position in Advanced Energy Industries by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after purchasing an additional 73,028 shares during the last quarter. Great Lakes Advisors LLC bought a new position in Advanced Energy Industries in the 2nd quarter worth about $6,873,000. Edgestream Partners L.P. acquired a new stake in shares of Advanced Energy Industries in the first quarter valued at approximately $6,362,000. Finally, Lord Abbett & CO. LLC raised its holdings in shares of Advanced Energy Industries by 9.5% during the first quarter. Lord Abbett & CO. LLC now owns 328,068 shares of the electronics maker’s stock valued at $33,456,000 after buying an additional 28,538 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. 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 price objective for the company. Benchmark reiterated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Wells Fargo & Company cut their target price on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Finally, Citigroup cut Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, four have assigned 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 a consensus rating of “Hold” and an average target price of $113.11.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $106.63 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. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $119.75. The stock has a market capitalization of $3.99 billion, a PE ratio of 39.20, a P/E/G ratio of 5.41 and a beta of 1.49. The business has a fifty day moving average price of $102.89 and a two-hundred day moving average price of $103.98.

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, beating the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The company had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. During the same period in the previous year, the firm posted $0.95 EPS. The firm’s revenue was down 12.2% on a year-over-year basis. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

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 $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.38%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

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.