34,342 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 34,342 shares of the electronics maker’s stock, valued at approximately $3,971,000. Proficio Capital Partners LLC owned about 0.09% of Advanced Energy Industries as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Advanced Energy Industries by 1.7% in the third quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock valued at $93,094,000 after acquiring an additional 15,030 shares in the last quarter. Principal Financial Group Inc. raised its stake in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock valued at $50,920,000 after purchasing an additional 53,566 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Advanced Energy Industries by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock valued at $53,204,000 after purchasing an additional 18,533 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Advanced Energy Industries by 6.2% during the 3rd quarter. Lord Abbett & CO. LLC now owns 403,679 shares of the electronics maker’s stock worth $42,483,000 after purchasing an additional 23,395 shares during the last quarter. Finally, Fisher Asset Management LLC grew its holdings in shares of Advanced Energy Industries by 23.8% during the fourth quarter. Fisher Asset Management LLC now owns 155,688 shares of the electronics maker’s stock worth $18,002,000 after buying an additional 29,969 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $107.39 on Tuesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. Advanced Energy Industries, Inc. has a 1-year low of $89.12 and a 1-year high of $132.16. The firm has a market capitalization of $4.05 billion, a P/E ratio of 75.10, a P/E/G ratio of 1.39 and a beta of 1.43. The business’s 50-day simple moving average is $116.60 and its 200-day simple moving average is $112.11.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date was Monday, February 24th. This represents a $0.40 annualized dividend and a yield of 0.37%. Advanced Energy Industries’s dividend payout ratio is currently 27.97%.

Wall Street Analysts Forecast Growth

AEIS has been the topic of several recent analyst reports. Needham & Company LLC reissued a “buy” rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Robert W. Baird decreased their price objective on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Wells Fargo & Company dropped their target price on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note 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 note on Monday, December 16th. 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 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $126.56.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares of the company’s stock, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred on 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 owns 3,492 shares in the company, valued at $451,760.04. This represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is owned by insiders.

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.