Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Bought by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 45.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,148 shares of the electronics maker’s stock after purchasing an additional 1,302 shares during the period. Cerity Partners LLC’s holdings in Advanced Energy Industries were worth $436,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. QRG Capital Management Inc. increased its holdings in shares of Advanced Energy Industries by 3.8% in the second quarter. QRG Capital Management Inc. now owns 8,267 shares of the electronics maker’s stock valued at $899,000 after buying an additional 304 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Advanced Energy Industries by 12.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,366 shares of the electronics maker’s stock valued at $257,000 after purchasing an additional 261 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of Advanced Energy Industries by 16.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,305 shares of the electronics maker’s stock valued at $686,000 after purchasing an additional 890 shares during the period. Raymond James & Associates boosted its position in shares of Advanced Energy Industries by 10.8% in the 2nd quarter. Raymond James & Associates now owns 24,180 shares of the electronics maker’s stock valued at $2,630,000 after purchasing an additional 2,355 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Advanced Energy Industries by 3.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 6,252 shares of the electronics maker’s stock worth $680,000 after purchasing an additional 212 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Trading Up 2.4 %

NASDAQ AEIS opened at $117.43 on Monday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 1-year low of $89.11 and a 1-year high of $120.81. The firm’s fifty day simple moving average is $111.00 and its 200-day simple moving average is $107.67. The company has a market capitalization of $4.42 billion, a PE ratio of 103.01, a price-to-earnings-growth ratio of 6.96 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same quarter in the previous year, the company posted $1.12 earnings per share. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.34%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s payout ratio is presently 35.09%.

Wall Street Analyst Weigh In

Several research analysts have commented on AEIS shares. Wells Fargo & Company raised their target price on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Stifel Nicolaus initiated coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 target price on the stock. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Finally, TD Cowen lowered their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Six investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $116.00.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.00% of the company’s stock.

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.