Swiss National Bank Cuts Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Swiss National Bank lessened its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.7% during the 3rd quarter, Holdings Channel reports. The firm owned 73,100 shares of the electronics maker’s stock after selling 500 shares during the period. Swiss National Bank’s holdings in Advanced Energy Industries were worth $7,693,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in AEIS. O Shaughnessy Asset Management LLC boosted its position in Advanced Energy Industries by 8.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 5,050 shares of the electronics maker’s stock valued at $515,000 after buying an additional 377 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in Advanced Energy Industries by 3.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 42,158 shares of the electronics maker’s stock valued at $4,296,000 after buying an additional 1,288 shares during the period. B. Riley Wealth Advisors Inc. purchased a new position in Advanced Energy Industries in the 1st quarter valued at approximately $208,000. Atria Investments Inc purchased a new position in Advanced Energy Industries in the 1st quarter valued at approximately $1,226,000. Finally, GAMMA Investing LLC boosted its position in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after buying an additional 383 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $117.35 on Tuesday. The company’s fifty day moving average price is $108.24 and its 200 day moving average price is $106.99. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $120.81. 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 firm has a market capitalization of $4.42 billion, a P/E ratio of 102.94, a P/E/G ratio of 6.77 and a beta of 1.48.

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

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Monday, November 25th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.34%. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price target for the company. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Benchmark reaffirmed a “buy” rating and set a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Wells Fargo & Company decreased their price objective on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $113.75.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction 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 approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is owned by company insiders.

Advanced Energy Industries Company 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.