Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,496 shares of the electronics maker’s stock after purchasing an additional 130 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Advanced Energy Industries were worth $263,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares during the period. Earnest Partners LLC boosted its stake in Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after purchasing an additional 199,578 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Advanced Energy Industries by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after buying an additional 15,577 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Advanced Energy Industries by 23.5% during the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.

Advanced Energy Industries Trading Down 0.3 %

NASDAQ:AEIS opened at $117.00 on Tuesday. The company has a market capitalization of $4.41 billion, a P/E ratio of 102.63, a P/E/G ratio of 6.94 and a beta of 1.48. The stock’s 50 day moving average price is $104.99 and its 200 day moving average price is $105.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. Advanced Energy Industries, Inc. has a 52 week low of $87.61 and a 52 week high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. During the same quarter in the prior year, the business posted $1.12 EPS. Advanced Energy Industries’s quarterly revenue was down 8.7% on a year-over-year basis. On average, research analysts forecast that Advanced Energy Industries, Inc. will post 2.5 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Wall Street Analyst Weigh In

Several research firms recently commented on AEIS. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday, October 31st. Stifel Nicolaus started coverage on Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price on the stock. TD Cowen reduced their target price on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Benchmark restated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Finally, Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Eight analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $112.75.

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.