Advanced Energy Industries, Inc. (NASDAQ:AEIS) Holdings Cut by Creative Planning

Creative Planning lowered its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.0% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,104 shares of the electronics maker’s stock after selling 465 shares during the period. Creative Planning’s holdings in Advanced Energy Industries were worth $1,590,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. GAMMA Investing LLC boosted its position in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at approximately $87,000. Hilltop National Bank grew its stake in shares of 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 buying an additional 116 shares in the last quarter. nVerses Capital LLC acquired a new position in Advanced Energy Industries in the second quarter worth approximately $109,000. Finally, Innealta Capital LLC bought a new position in Advanced Energy Industries during the second quarter valued at approximately $109,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Up 2.4 %

AEIS opened at $111.01 on Wednesday. The business has a 50 day moving average of $104.07 and a 200-day moving average of $104.69. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 46.25, a P/E/G ratio of 5.41 and a beta of 1.49. 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 1-year low of $81.86 and a 1-year high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. During the same period in the prior year, the firm earned $0.95 EPS. The business’s revenue was down 12.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s payout ratio is presently 16.67%.

Analyst Upgrades and Downgrades

AEIS has been the subject of several recent research reports. Susquehanna decreased their target price on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. StockNews.com downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday, September 20th. Wells Fargo & Company reduced their price target 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. TD Cowen increased their price objective on Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently 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.