Envestnet Asset Management Inc. Buys 15,590 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Envestnet Asset Management Inc. grew its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 8.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 209,522 shares of the electronics maker’s stock after purchasing an additional 15,590 shares during the quarter. Envestnet Asset Management Inc. owned about 0.56% of Advanced Energy Industries worth $22,788,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Rise Advisors LLC bought a new position in Advanced Energy Industries in the 1st quarter worth $25,000. Parallel Advisors LLC grew its position in shares of Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after buying an additional 154 shares during the period. GAMMA Investing LLC grew its position in shares of Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after buying an additional 383 shares during the period. Hilltop National Bank grew its position in shares of Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after buying an additional 116 shares during the period. Finally, nVerses Capital LLC purchased a new stake in shares of Advanced Energy Industries in the 2nd quarter worth about $109,000. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Price Performance

AEIS stock opened at $101.59 on Monday. Advanced Energy Industries, Inc. has a one year low of $81.86 and a one year high of $119.75. The company’s fifty day moving average price is $104.58 and its 200-day moving average price is $103.30. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. The company has a market capitalization of $3.80 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 4.88 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. During the same quarter in the previous year, the firm earned $0.95 earnings per share. The company’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio (DPR) is 14.71%.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Susquehanna upped their target price on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. TD Cowen upped their target price 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. Finally, Robert W. Baird assumed coverage on shares of Advanced Energy Industries in a research report on Friday. They set an “outperform” rating and a $128.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $114.89.

Advanced Energy Industries 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.