Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 36.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,830 shares of the electronics maker’s stock after selling 10,410 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Advanced Energy Industries were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Jump Financial LLC acquired a new position in Advanced Energy Industries during the fourth quarter worth $266,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Advanced Energy Industries by 11.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 4,007 shares of the electronics maker’s stock valued at $436,000 after acquiring an additional 401 shares during the last quarter. Norges Bank purchased a new position in shares of Advanced Energy Industries during the 4th quarter worth $43,516,000. Dynamic Technology Lab Private Ltd purchased a new position in Advanced Energy Industries during the fourth quarter worth about $272,000. Finally, UBS Group AG increased its holdings in Advanced Energy Industries by 24.1% in the 4th quarter. UBS Group AG now owns 55,760 shares of the electronics maker’s stock valued at $6,073,000 after purchasing an additional 10,830 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analysts Set New Price Targets

AEIS has been the subject of several recent research reports. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. Robert W. Baird began coverage on shares of Advanced Energy Industries in a report on Friday. They issued an “outperform” rating and a $128.00 target price for the company. Susquehanna lifted their price target on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Wells Fargo & Company raised their price target on Advanced Energy Industries from $97.00 to $103.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 31st. Finally, TD Cowen upped their price objective on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the stock a “hold” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $114.89.

Advanced Energy Industries Trading Down 0.2 %

Shares of AEIS stock opened at $101.59 on Friday. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $119.75. The stock has a market cap of $3.80 billion, a P/E ratio of 37.35, a P/E/G ratio of 4.88 and a beta of 1.50. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The business has a fifty day simple moving average of $104.58 and a 200-day simple moving average of $103.29.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The business had revenue of $364.95 million during the quarter, compared to the consensus estimate of $350.06 million. During the same period in the previous year, the firm posted $0.95 earnings per share. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, analysts forecast that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were issued a $0.10 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Advanced Energy Industries’s payout ratio is 14.71%.

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.