Royal Bank of Canada Sells 2,023 Shares of Advanced Energy Industries, Inc. $AEIS

Royal Bank of Canada cut its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 5.1% during the 1st quarter, HoldingsChannel reports. The fund owned 37,462 shares of the electronics maker’s stock after selling 2,023 shares during the quarter. Royal Bank of Canada’s holdings in Advanced Energy Industries were worth $12,088,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AEIS. Geode Capital Management LLC boosted its stake in shares of Advanced Energy Industries by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 956,979 shares of the electronics maker’s stock valued at $200,393,000 after purchasing an additional 28,549 shares in the last quarter. Bank of America Corp DE raised its position in Advanced Energy Industries by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 946,649 shares of the electronics maker’s stock worth $125,431,000 after purchasing an additional 20,573 shares during the period. Norges Bank purchased a new position in Advanced Energy Industries in the 4th quarter worth $123,403,000. Franklin Resources Inc. lifted its stake in Advanced Energy Industries by 55.4% in the fourth quarter. Franklin Resources Inc. now owns 487,494 shares of the electronics maker’s stock worth $102,067,000 after purchasing an additional 173,836 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. lifted its stake in Advanced Energy Industries by 1,734.1% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 427,674 shares of the electronics maker’s stock worth $89,542,000 after purchasing an additional 404,356 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AEIS has been the topic of a number of recent research reports. Citigroup raised their price objective on Advanced Energy Industries from $435.00 to $460.00 and gave the company a “buy” rating in a research note on Tuesday, August 4th. Morgan Stanley lifted their price target on Advanced Energy Industries from $421.00 to $439.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 4th. TD Cowen boosted their price objective on Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a research report on Tuesday. Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. Finally, Bank of America raised their target price on shares of Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $409.50.

Advanced Energy Industries Stock Performance

Advanced Energy Industries stock opened at $325.02 on Friday. The company has a current ratio of 3.79, a quick ratio of 1.13 and a debt-to-equity ratio of 0.78. The firm has a market cap of $13.02 billion, a P/E ratio of 60.64, a P/E/G ratio of 1.18 and a beta of 1.29. Advanced Energy Industries, Inc. has a 1-year low of $143.38 and a 1-year high of $397.44. The firm has a 50-day moving average of $320.49 and a 200-day moving average of $322.52.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Monday, August 3rd. The electronics maker reported $2.74 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.21 by $0.53. The company had revenue of $574.10 million for the quarter, compared to the consensus estimate of $544.41 million. Advanced Energy Industries had a return on equity of 20.75% and a net margin of 10.77%.Advanced Energy Industries’s revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. Sell-side analysts expect that Advanced Energy Industries, Inc. will post 9.18 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries’s payout ratio is 7.46%.

Advanced Energy Industries Company Profile

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.