Vontobel Holding Ltd. Sells 1,407 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Vontobel Holding Ltd. decreased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 18.2% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,320 shares of the electronics maker’s stock after selling 1,407 shares during the period. Vontobel Holding Ltd.’s holdings in Advanced Energy Industries were worth $665,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AEIS. Hilltop National Bank boosted its holdings in Advanced Energy Industries by 13.4% during 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. Azzad Asset Management Inc. ADV boosted its stake in shares of Advanced Energy Industries by 1.7% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after purchasing an additional 124 shares during the period. Pitcairn Co. boosted its stake in shares of Advanced Energy Industries by 3.9% during the first quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after purchasing an additional 164 shares during the period. Arizona State Retirement System grew its holdings in shares of Advanced Energy Industries by 2.0% in the second quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock worth $1,136,000 after purchasing an additional 203 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in shares of Advanced Energy Industries by 3.5% in the second quarter. Nisa Investment Advisors LLC now owns 6,252 shares of the electronics maker’s stock worth $680,000 after buying an additional 212 shares during the period. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $108.69 on Tuesday. 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 50-day moving average price of $103.65 and a 200-day moving average price of $104.22. The firm has a market capitalization of $4.07 billion, a PE ratio of 39.96, a price-to-earnings-growth ratio of 5.41 and a beta of 1.49.

Advanced Energy Industries (NASDAQ:AEIS) last announced its 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 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 analyst estimates of $350.06 million. During the same quarter in the previous year, the business earned $0.95 earnings per share. The company’s revenue for the quarter was down 12.2% compared to the same quarter last year. As a group, equities research analysts forecast that Advanced Energy Industries, Inc. will post 2.47 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm 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. The ex-dividend date was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries’s payout ratio is 14.71%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AEIS. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, July 31st. TD Cowen increased their price objective on Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a report on Wednesday, July 31st. Robert W. Baird assumed coverage on Advanced Energy Industries in a research note on Friday, September 20th. They set an “outperform” rating and a $128.00 target price on the stock. Finally, Stifel Nicolaus started coverage on Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 target price for the company. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $113.11.

About Advanced Energy Industries

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.