Victory Capital Management Inc. Sells 413 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Victory Capital Management Inc. decreased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 81,584 shares of the electronics maker’s stock after selling 413 shares during the quarter. Victory Capital Management Inc. owned approximately 0.22% of Advanced Energy Industries worth $9,434,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in Advanced Energy Industries during the third quarter valued at about $12,306,000. Principal Financial Group Inc. raised its position in shares of Advanced Energy Industries by 12.4% in the third 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 period. Sora Investors LLC purchased a new stake in shares of Advanced Energy Industries during the 3rd quarter valued at approximately $4,736,000. Proficio Capital Partners LLC bought a new position in Advanced Energy Industries in the 4th quarter worth approximately $3,971,000. Finally, Southernsun Asset Management LLC purchased a new position in Advanced Energy Industries in the 3rd quarter valued at approximately $3,575,000. Institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

AEIS has been the topic of several recent research reports. Benchmark restated a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Robert W. Baird dropped 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. Stifel Nicolaus raised their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Finally, Wells Fargo & Company lowered their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a report on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Stock Down 3.9 %

Shares of NASDAQ AEIS opened at $101.61 on Friday. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average of $117.40 and a 200-day moving average of $112.15. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 71.06, a PEG ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 12 month low of $89.12 and a 12 month high of $132.16.

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

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.39%. Advanced Energy Industries’s payout ratio is 27.97%.

Insiders Place Their Bets

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

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.