Victory Capital Management Inc. Has $8.63 Million Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Victory Capital Management Inc. lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 92.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,997 shares of the electronics maker’s stock after selling 977,549 shares during the quarter. Victory Capital Management Inc. owned approximately 0.22% of Advanced Energy Industries worth $8,629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Atria Investments Inc bought a new stake in shares of Advanced Energy Industries during the first quarter worth $1,226,000. Oppenheimer Asset Management Inc. lifted its holdings in Advanced Energy Industries by 36.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker’s stock worth $4,209,000 after acquiring an additional 10,243 shares during the period. The Manufacturers Life Insurance Company raised its stake in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares during the period. Public Sector Pension Investment Board lifted its holdings in Advanced Energy Industries by 7.8% during the second quarter. Public Sector Pension Investment Board now owns 82,345 shares of the electronics maker’s stock valued at $8,956,000 after purchasing an additional 5,930 shares during the last quarter. Finally, Earnest Partners LLC lifted its position in shares of Advanced Energy Industries by 13.5% during the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after acquiring an additional 199,578 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the sale, the director now directly owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $112.90 on Friday. The firm has a 50-day moving average price of $107.54 and a two-hundred day moving average price of $106.70. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $120.81. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The company has a market capitalization of $4.25 billion, a P/E ratio of 99.04, a P/E/G ratio of 6.60 and a beta of 1.48.

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

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s payout ratio is currently 35.09%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AEIS shares. Susquehanna lowered their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research note on Friday, October 11th. Wells Fargo & Company reduced their target price on 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 raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Benchmark reissued a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday. Finally, Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Eight research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Advanced Energy Industries currently has a consensus rating of “Hold” and a consensus target price of $113.75.

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.