Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. trimmed its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 47.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,290 shares of the electronics maker’s stock after selling 3,000 shares during the period. Everence Capital Management Inc.’s holdings in Advanced Energy Industries were worth $380,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Earnest Partners LLC lifted its holdings in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after acquiring an additional 199,578 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Advanced Energy Industries by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after purchasing an additional 15,577 shares during the period. Geode Capital Management LLC lifted its stake in shares of Advanced Energy Industries by 1.7% in the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock valued at $93,094,000 after purchasing an additional 15,030 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in shares of Advanced Energy Industries by 22.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its holdings in shares of Advanced Energy Industries by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker’s stock worth $55,949,000 after purchasing an additional 13,967 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Monday, December 16th. Wells Fargo & Company upped their price objective on shares of Advanced Energy Industries from $98.00 to $105.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $138.00 in a report on Monday. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Finally, Susquehanna lowered their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Five research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $123.38.

Advanced Energy Industries Trading Up 2.3 %

NASDAQ:AEIS opened at $121.24 on Tuesday. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $124.48. The firm has a market cap of $4.57 billion, a PE ratio of 106.35, a price-to-earnings-growth ratio of 6.92 and a beta of 1.46. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The stock has a fifty day moving average price of $115.13 and a 200 day moving average price of $109.02.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter last year, the business posted $1.12 EPS. The business’s quarterly revenue was down 8.7% compared to the same quarter last year. Sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.33%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

Insider Activity

In related news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company 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.