Snyder Capital Management L P decreased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 16.1% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 369,744 shares of the electronics maker’s stock after selling 70,930 shares during the quarter. Snyder Capital Management L P owned 0.98% of Advanced Energy Industries worth $62,908,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in AEIS. Lisanti Capital Growth LLC acquired a new stake in Advanced Energy Industries during the third quarter worth approximately $3,464,000. Tributary Capital Management LLC lifted its position in shares of Advanced Energy Industries by 92.5% during the 3rd quarter. Tributary Capital Management LLC now owns 344,654 shares of the electronics maker’s stock valued at $58,639,000 after acquiring an additional 165,655 shares during the period. Fisher Asset Management LLC lifted its position in shares of Advanced Energy Industries by 80.4% during the 2nd quarter. Fisher Asset Management LLC now owns 273,993 shares of the electronics maker’s stock valued at $36,304,000 after acquiring an additional 122,094 shares during the period. Rhumbline Advisers grew its holdings in shares of Advanced Energy Industries by 3.4% during the 2nd quarter. Rhumbline Advisers now owns 113,228 shares of the electronics maker’s stock worth $15,003,000 after purchasing an additional 3,770 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Advanced Energy Industries by 6.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 262,517 shares of the electronics maker’s stock worth $44,665,000 after purchasing an additional 16,607 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Price Performance
AEIS stock opened at $330.54 on Thursday. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 86.53, a P/E/G ratio of 2.42 and a beta of 1.35. The company has a 50 day simple moving average of $270.58 and a 200 day simple moving average of $216.53. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $350.00.
Advanced Energy Industries Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Monday, February 23rd will be given a $0.10 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.40 annualized dividend and a yield of 0.1%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 10.47%.
Insider Transactions at Advanced Energy Industries
In other news, EVP Elizabeth Karpinski Vonne sold 964 shares of Advanced Energy Industries stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $328.42, for a total transaction of $316,596.88. Following the sale, the executive vice president directly owned 11,683 shares of the company’s stock, valued at approximately $3,836,930.86. This trade represents a 7.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, February 13th. The shares were sold at an average price of $316.62, for a total value of $316,620.00. Following the completion of the transaction, the director directly owned 4,585 shares of the company’s stock, valued at $1,451,702.70. This represents a 17.91% decrease in their position. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.
Analyst Ratings Changes
A number of research analysts recently commented on the company. Stifel Nicolaus boosted their price target on Advanced Energy Industries from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, February 11th. TD Cowen reissued a “hold” rating on shares of Advanced Energy Industries in a report on Wednesday, February 11th. Bank of America upped their price target on shares of Advanced Energy Industries from $260.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, January 22nd. Citigroup lifted their price objective on shares of Advanced Energy Industries from $255.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, February 12th. Finally, Wall Street Zen downgraded shares of Advanced Energy Industries from a “buy” rating to a “hold” rating in a research report on Saturday, February 21st. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Advanced Energy Industries presently has an average rating of “Moderate Buy” and a consensus target price of $308.50.
Check Out Our Latest Stock Report on Advanced Energy Industries
About Advanced Energy Industries
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
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