GAMMA Investing LLC Boosts Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

GAMMA Investing LLC grew its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 30.1% during the 4th quarter, HoldingsChannel.com reports. The fund owned 1,231 shares of the electronics maker’s stock after buying an additional 285 shares during the quarter. GAMMA Investing LLC’s holdings in Advanced Energy Industries were worth $142,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Stifel Financial Corp lifted its stake in Advanced Energy Industries by 1.0% in the 3rd quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock worth $1,132,000 after purchasing an additional 102 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Advanced Energy Industries by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after purchasing an additional 130 shares during the last quarter. Versant Capital Management Inc lifted its position in Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after buying an additional 182 shares in the last quarter. Meeder Asset Management Inc. boosted its stake in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after buying an additional 186 shares during the last quarter. Finally, Arizona State Retirement System grew its holdings in Advanced Energy Industries by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after buying an additional 203 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction that occurred on Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Stock Down 5.2 %

Shares of Advanced Energy Industries stock opened at $118.67 on Friday. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 52-week low of $89.11 and a 52-week high of $128.70. The company has a market capitalization of $4.47 billion, a P/E ratio of 104.10, a P/E/G ratio of 6.92 and a beta of 1.46. The company has a 50 day moving average of $115.83 and a 200 day moving average of $109.26.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.91 by $0.07. The business had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same period in the previous year, the company earned $1.12 EPS. As a group, research analysts forecast that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $138.00 in a research note on Monday. Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, November 20th. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Susquehanna decreased their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research note on Friday, October 11th. Finally, TD Cowen lowered their price target 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. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $125.78.

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.