Choreo LLC Acquires New Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Choreo LLC purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,774 shares of the electronics maker’s stock, valued at approximately $204,000.

Several other hedge funds also recently bought and sold shares of the stock. Moody Aldrich Partners LLC grew its position in Advanced Energy Industries by 26.8% during the fourth quarter. Moody Aldrich Partners LLC now owns 51,726 shares of the electronics maker’s stock valued at $5,981,000 after acquiring an additional 10,947 shares during the period. Blue Trust Inc. raised its stake in Advanced Energy Industries by 26.3% during the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock valued at $108,000 after buying an additional 213 shares in the last quarter. Compass Wealth Management LLC raised its stake in Advanced Energy Industries by 0.4% during the fourth quarter. Compass Wealth Management LLC now owns 68,838 shares of the electronics maker’s stock valued at $7,960,000 after buying an additional 245 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Advanced Energy Industries by 1.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after buying an additional 85 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in shares of Advanced Energy Industries by 3.3% during the fourth quarter. Sheets Smith Wealth Management now owns 7,127 shares of the electronics maker’s stock valued at $824,000 after purchasing an additional 230 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Trading Up 0.6 %

Advanced Energy Industries stock opened at $124.27 on Friday. 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 company has a market capitalization of $4.68 billion, a price-to-earnings ratio of 109.01, a PEG ratio of 3.60 and a beta of 1.45. Advanced Energy Industries, Inc. has a one year low of $89.11 and a one year high of $130.50. The company’s fifty day moving average price is $117.43 and its two-hundred day moving average price is $110.61.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. On average, analysts forecast that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

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 paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. The ex-dividend date of this dividend is Monday, February 24th. Advanced Energy Industries’s payout ratio is presently 35.09%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on AEIS shares. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. TD Cowen cut their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Robert W. Baird reduced their target price on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a report on Thursday. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $126.56.

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.