Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Inspire Investing LLC

Inspire Investing LLC cut its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 8.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,231 shares of the electronics maker’s stock after selling 285 shares during the quarter. Inspire Investing LLC’s holdings in Advanced Energy Industries were worth $351,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Jump Financial LLC acquired a new position in Advanced Energy Industries during the fourth quarter worth about $266,000. Norges Bank acquired a new stake in shares of Advanced Energy Industries in the 4th quarter worth approximately $43,516,000. Dynamic Technology Lab Private Ltd purchased a new position in Advanced Energy Industries in the 4th quarter valued at approximately $272,000. UBS Group AG raised its holdings in Advanced Energy Industries by 24.1% during the fourth quarter. UBS Group AG now owns 55,760 shares of the electronics maker’s stock worth $6,073,000 after purchasing an additional 10,830 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its position in Advanced Energy Industries by 63.7% during the fourth quarter. Wells Fargo & Company MN now owns 369,438 shares of the electronics maker’s stock worth $40,239,000 after purchasing an additional 143,692 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AEIS. Stifel Nicolaus began coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target for the company. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. StockNews.com lowered shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Friday. TD Cowen raised 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 note on Wednesday, July 31st. Finally, Citigroup lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price on the stock. in a research note on Monday, July 15th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $114.89.

Advanced Energy Industries Trading Down 0.4 %

Shares of Advanced Energy Industries stock opened at $101.16 on Tuesday. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $119.75. The business’s fifty day moving average is $104.30 and its two-hundred day moving average is $103.27. 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 firm has a market cap of $3.79 billion, a PE ratio of 37.19, a P/E/G 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 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.95 earnings per share. Analysts anticipate that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

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 of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. 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.