Crossmark Global Holdings Inc. Has $248,000 Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Crossmark Global Holdings Inc. cut its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 6.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,352 shares of the electronics maker’s stock after selling 170 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Advanced Energy Industries were worth $248,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AEIS. GAMMA Investing LLC raised its stake in Advanced Energy Industries by 157.6% during the 2nd 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 acquired a new position in shares of Advanced Energy Industries during the second quarter valued at about $87,000. Blue Trust Inc. lifted its stake in shares of Advanced Energy Industries by 2,150.0% in the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after buying an additional 774 shares during the period. Signaturefd LLC grew its position in Advanced Energy Industries by 28.0% during the third quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock worth $106,000 after buying an additional 220 shares in the last quarter. Finally, Hilltop National Bank increased its stake in Advanced Energy Industries by 13.4% during the second 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 owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on AEIS. Benchmark restated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Wells Fargo & Company lowered their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday, October 31st. Finally, Susquehanna decreased their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $112.75.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $109.84 on Tuesday. Advanced Energy Industries, Inc. has a 52 week low of $89.11 and a 52 week high of $120.81. The firm has a market cap of $4.14 billion, a P/E ratio of 96.35, a P/E/G ratio of 6.47 and a beta of 1.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The business’s fifty day moving average is $106.56 and its two-hundred day moving average is $106.53.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The firm had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same quarter in the prior year, the firm earned $1.12 EPS. The company’s revenue was down 8.7% on a year-over-year basis. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Advanced Energy Industries’s payout ratio is 35.09%.

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.