New York State Teachers Retirement System Lowers Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

New York State Teachers Retirement System decreased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 62,637 shares of the electronics maker’s stock after selling 2,239 shares during the quarter. New York State Teachers Retirement System owned approximately 0.17% of Advanced Energy Industries worth $7,243,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. grew its holdings in shares of Advanced Energy Industries by 2,150.0% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after purchasing an additional 774 shares during the period. Raymond James & Associates grew its holdings in shares of Advanced Energy Industries by 2.4% during the 3rd quarter. Raymond James & Associates now owns 24,763 shares of the electronics maker’s stock worth $2,606,000 after purchasing an additional 583 shares during the period. Signaturefd LLC lifted its position in Advanced Energy Industries by 28.0% during the 3rd quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock worth $106,000 after acquiring an additional 220 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after acquiring an additional 130 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new position in Advanced Energy Industries during the 3rd quarter worth approximately $724,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. The trade was a 31.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.87% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on AEIS. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Needham & Company LLC reaffirmed a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research report on Thursday, February 13th. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Finally, Wells Fargo & Company dropped their price target on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Trading Up 3.8 %

Shares of NASDAQ AEIS opened at $131.54 on Thursday. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $131.64. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 91.99, a P/E/G ratio of 1.33 and a beta of 1.45. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $118.02 and a 200-day simple moving average of $111.01.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data 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 return on equity of 8.90% and a net margin of 3.66%. Sell-side analysts predict that Advanced Energy Industries, Inc. will post 3.78 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date is Monday, February 24th. Advanced Energy Industries’s payout ratio is 27.97%.

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.