Thrivent Financial for Lutherans Has $3.37 Million Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Thrivent Financial for Lutherans trimmed its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 29,119 shares of the electronics maker’s stock after selling 465 shares during the period. Thrivent Financial for Lutherans owned approximately 0.08% of Advanced Energy Industries worth $3,367,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in Advanced Energy Industries in the fourth quarter valued at about $9,864,000. Wealthfront Advisers LLC acquired a new stake in shares of Advanced Energy Industries in the 4th quarter valued at approximately $8,002,000. Principal Financial Group Inc. grew its holdings in shares of Advanced Energy Industries by 12.4% during the 3rd 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 last quarter. Sora Investors LLC acquired a new position in Advanced Energy Industries during the 3rd quarter worth approximately $4,736,000. Finally, Proficio Capital Partners LLC bought a new position in Advanced Energy Industries in the 4th quarter valued at approximately $3,971,000. 99.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AEIS. Wells Fargo & Company reduced 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. Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Monday, December 16th. Stifel Nicolaus boosted their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research note on Thursday, February 13th. Needham & Company LLC reaffirmed 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 Advanced Energy Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $138.00 in a research report on Monday, January 6th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average price target of $126.56.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $105.12 on Thursday. The firm has a 50 day moving average of $114.72 and a 200-day moving average of $112.34. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 73.51, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. 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, Inc. has a 52 week low of $89.12 and a 52 week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last posted 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%. On average, equities analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current 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 issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a yield of 0.38%. Advanced Energy Industries’s payout ratio is currently 27.97%.

Insider Buying and Selling at Advanced Energy Industries

In related news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares of the company’s stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 sale, the chief operating officer now owns 19,822 shares of the company’s stock, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.

About Advanced Energy Industries

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.