Amalgamated Bank Decreases Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Amalgamated Bank lowered its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.3% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 11,066 shares of the electronics maker’s stock after selling 381 shares during the quarter. Amalgamated Bank’s holdings in Advanced Energy Industries were worth $1,165,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. GAMMA Investing LLC boosted its holdings in Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after purchasing an additional 383 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Advanced Energy Industries during the 2nd quarter worth approximately $87,000. Blue Trust Inc. boosted its holdings in shares of Advanced Energy Industries by 2,150.0% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after buying an additional 774 shares in the last quarter. Signaturefd LLC grew its position in shares of Advanced Energy Industries by 28.0% in the 3rd quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock valued at $106,000 after buying an additional 220 shares during the last quarter. Finally, Hilltop National Bank raised its stake in Advanced Energy Industries by 13.4% during the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 116 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on AEIS. TD Cowen decreased their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Benchmark restated a “buy” rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Finally, Robert W. Baird decreased their price objective on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a report on Friday, November 1st. Eight research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Advanced Energy Industries has a consensus rating of “Hold” and a consensus target price of $112.75.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $112.81 on Thursday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The business has a 50 day simple moving average of $105.60 and a 200-day simple moving average of $106.16. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $120.81. The stock has a market capitalization of $4.25 billion, a PE ratio of 98.96, a price-to-earnings-growth ratio of 6.76 and a beta of 1.48.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.12 EPS. Equities analysts predict that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

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.