QRG Capital Management Inc. raised its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 3.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,267 shares of the electronics maker’s stock after acquiring an additional 304 shares during the quarter. QRG Capital Management Inc.’s holdings in Advanced Energy Industries were worth $899,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James & Associates boosted its position in Advanced Energy Industries by 7.4% during the fourth quarter. Raymond James & Associates now owns 20,823 shares of the electronics maker’s stock valued at $2,268,000 after purchasing an additional 1,435 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Advanced Energy Industries by 4.3% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,477 shares of the electronics maker’s stock worth $1,904,000 after acquiring an additional 726 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Advanced Energy Industries during the fourth quarter valued at approximately $2,037,000. Phocas Financial Corp. boosted its stake in Advanced Energy Industries by 1.8% in the fourth quarter. Phocas Financial Corp. now owns 65,905 shares of the electronics maker’s stock valued at $7,178,000 after acquiring an additional 1,167 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Advanced Energy Industries by 23.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,662 shares of the electronics maker’s stock worth $943,000 after purchasing an additional 1,637 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
AEIS has been the subject of several analyst reports. TD Cowen increased their price objective on Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a report on Wednesday, July 31st. Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price target for the company. in a report on Monday, July 15th. 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. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Finally, Susquehanna upped their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $110.14.
Read Our Latest Research Report on AEIS
Advanced Energy Industries Stock Down 0.0 %
NASDAQ:AEIS opened at $99.42 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.40. The company’s fifty day moving average price is $108.13 and its 200-day moving average price is $103.40. Advanced Energy Industries, Inc. has a 1-year low of $81.86 and a 1-year high of $119.75. The firm has a market capitalization of $3.72 billion, a P/E ratio of 36.55, a PEG ratio of 5.79 and a beta of 1.52.
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.14. The company had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period last year, the firm earned $0.95 EPS. As a group, equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.32 EPS for the current year.
Advanced Energy Industries Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, September 6th. Shareholders of record on Monday, August 26th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%. The ex-dividend date of this dividend is Monday, August 26th. Advanced Energy Industries’s payout ratio is presently 14.71%.
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.
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