Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Truist Financial Corp

Truist Financial Corp cut its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 4.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,107 shares of the electronics maker’s stock after selling 101 shares during the quarter. Truist Financial Corp’s holdings in Advanced Energy Industries were worth $244,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Raymond James & Associates lifted its position in 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 acquiring an additional 583 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in shares of Advanced Energy Industries by 5.5% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after purchasing an additional 130 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Advanced Energy Industries by 12.4% during the third quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after purchasing an additional 53,566 shares during the period. State of New Jersey Common Pension Fund D grew its position in Advanced Energy Industries by 1.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,090 shares of the electronics maker’s stock valued at $1,904,000 after buying an additional 260 shares during the last quarter. Finally, MQS Management LLC acquired a new position in Advanced Energy Industries in the 3rd quarter valued at $664,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now owns 19,822 shares of the company’s stock, valued at approximately $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

AEIS has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Wells Fargo & Company cut their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.00 to $138.00 in a report on Monday, January 6th. Benchmark reissued a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Finally, Stifel Nicolaus lifted their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research note on Thursday, February 13th. Four 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. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $126.56.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $110.60 on Thursday. The stock has a fifty day moving average price of $118.48 and a 200 day moving average price of $112.25. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. The stock has a market cap of $4.17 billion, a PE ratio of 77.34, a P/E/G ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 1 year low of $89.12 and a 1 year high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last released 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 return on equity of 8.90% and a net margin of 3.66%. Sell-side analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Monday, February 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Advanced Energy Industries’s dividend payout ratio (DPR) is 27.97%.

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.