Amundi Increases Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Amundi raised its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 192.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,405 shares of the electronics maker’s stock after buying an additional 12,773 shares during the quarter. Amundi’s holdings in Advanced Energy Industries were worth $2,303,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in AEIS. State of New Jersey Common Pension Fund D increased its holdings in Advanced Energy Industries by 1.5% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 18,090 shares of the electronics maker’s stock worth $1,904,000 after buying an additional 260 shares in the last quarter. Huntington National Bank grew its stake in shares of Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after purchasing an additional 208 shares during the period. Meeder Asset Management Inc. grew its stake in shares of Advanced Energy Industries by 68.4% during the 3rd quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after purchasing an additional 186 shares during the period. Segall Bryant & Hamill LLC grew its stake in shares of Advanced Energy Industries by 24.3% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 136,897 shares of the electronics maker’s stock valued at $14,407,000 after purchasing an additional 26,782 shares during the period. Finally, Commerce Bank grew its stake in shares of Advanced Energy Industries by 34.0% during the 3rd quarter. Commerce Bank now owns 3,327 shares of the electronics maker’s stock valued at $350,000 after purchasing an additional 845 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

AEIS has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. Robert W. Baird lowered their price target 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. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Wells Fargo & Company lowered their price target on 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. Finally, Benchmark reissued a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Four investment 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 stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $126.56.

Advanced Energy Industries Price Performance

AEIS stock opened at $106.19 on Monday. The business has a fifty day moving average of $116.88 and a two-hundred day moving average of $112.11. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The stock has a market cap of $4.01 billion, a price-to-earnings ratio of 74.26, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Advanced Energy Industries, Inc. has a 52-week low of $89.12 and a 52-week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. As a group, research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. The ex-dividend date of this dividend was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is 27.97%.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the company’s stock in a transaction that occurred on Wednesday, February 19th. The stock was 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 represents a 31.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the company’s stock in a transaction that occurred on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares of the company’s stock, valued at approximately $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

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.