Yousif Capital Management LLC Sells 383 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Yousif Capital Management LLC reduced its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,259 shares of the electronics maker’s stock after selling 383 shares during the quarter. Yousif Capital Management LLC’s holdings in Advanced Energy Industries were worth $1,649,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Versant Capital Management Inc boosted its holdings in Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares during the last quarter. Huntington National Bank grew its position in Advanced Energy Industries by 200.0% in the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 208 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Advanced Energy Industries in the 3rd quarter valued at about $41,000. Meeder Asset Management Inc. boosted its stake in shares of Advanced Energy Industries by 68.4% in the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after buying an additional 186 shares during the last quarter. Finally, Blue Trust Inc. increased its position in shares of Advanced Energy Industries by 2,150.0% during the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after acquiring an additional 774 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on AEIS. TD Cowen lowered their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Wells Fargo & Company increased their price objective on Advanced Energy Industries from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Robert W. Baird boosted their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $126.89.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $111.36 on Wednesday. Advanced Energy Industries, Inc. has a 1-year low of $89.11 and a 1-year high of $130.50. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The business has a 50 day moving average of $117.26 and a 200 day moving average of $110.40. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 97.69, a PEG ratio of 3.60 and a beta of 1.45.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.36%. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

Insider Activity

In related news, Director Lanesha Minnix sold 1,000 shares of the company’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 transaction, the director now owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.00% of the company’s stock.

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.