1 week Ago By ABMN Staff
Orion Portfolio Solutions LLC reduced its position in Advanced Energy Industries, Inc. ( NASDAQ:AEIS – Free Report ) by 3.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission.
The firm owned 5,412 shares of the electronics maker’s stock after selling 188 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Advanced Energy Industries were worth $626,000 at the end of the most recent reporting period. Other hedge funds have also modified their holdings of the company.
Versant Capital Management Inc grew its position in Advanced Energy Industries by 535.3% during the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 182 shares during the last quarter.
Venturi Wealth Management LLC acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $74,000. Principal Securities Inc. grew its holdings in shares of Advanced Energy Industries by 16.
1% during the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock worth $114,000 after buying an additional 137 shares during the last quarter.
Blue Trust Inc. increased its position in Advanced Energy Industries by 26.3% in the 4th quarter.
Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock valued at $108,000 after acquiring an additional 213 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Advanced Energy Industries by 398.
6% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,057 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 845 shares during the last quarter. 99.
67% of the stock is currently owned by hedge funds and other institutional investors. Analyst Upgrades and Downgrades A number of research analysts have recently issued reports on the company. Stifel Nicolaus boosted their target price on Advanced Energy Industries from $130.
00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.
00 price target on the stock in a research note on Monday, December 16th. Wells Fargo & Company reduced their price objective on shares of Advanced Energy Industries from $115.00 to $110.
00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Needham & Company LLC restated a “buy” rating and set a $145.00 target price on shares of Advanced Energy Industries in a research report on Thursday, February 13th.
Finally, Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $138.00 in a research report on Monday, January 6th.
Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $126.
56. Advanced Energy Industries Stock Up 3.7 % Shares of NASDAQ:AEIS opened at $81.
93 on Tuesday. The company has a market capitalization of $3.10 billion, a P/E ratio of 57.
29, a P/E/G ratio of 1.39 and a beta of 1.47.
The stock’s fifty day simple moving average is $109.66 and its 200-day simple moving average is $112.08.
Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $132.
16. The company has a quick ratio of 3.27, a current ratio of 4.
42 and a debt-to-equity ratio of 0.47. Advanced Energy Industries ( NASDAQ:AEIS – Get Free Report ) last issued 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%. As a group, equities research analysts forecast that Advanced Energy Industries, Inc. will post 3.
66 earnings per share for the current fiscal year. Advanced Energy Industries Announces Dividend The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a dividend of $0.
10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.
49%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is 27.
97%. Insider Activity In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction 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 completion of the sale, the chief operating officer now directly owns 19,822 shares of the company’s stock, valued at $2,212,333.
42. The trade was a 49.34 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link . Also, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.
37, for a total value of $206,992.00. Following the completion of the transaction, the director now directly owns 3,492 shares in the company, valued at $451,760.
04. This trade represents a 31.42 % decrease in their ownership of the stock.
The disclosure for this sale can be found here . Company insiders own 1.20% of the company’s stock.
About Advanced Energy Industries ( Free Report ) 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. See Also Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. ( NASDAQ:AEIS – Free Report ). Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.
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