E20 Capital Ltd bought a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 50,051 shares of the electronics maker’s stock, valued at approximately $18,663,000. Advanced Energy Industries comprises about 1.5% of E20 Capital Ltd’s holdings, making the stock its 18th biggest position. E20 Capital Ltd owned 0.12% of Advanced Energy Industries at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of AEIS. Kemnay Advisory Services Inc. bought a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Advanced Energy Industries in the 2nd quarter valued at $27,000. Whittier Trust Co. of Nevada Inc. bought a new position in Advanced Energy Industries in the 1st quarter valued at $29,000. Twin Tree Management LP purchased a new stake in Advanced Energy Industries in the fourth quarter worth $32,000. Finally, Danske Bank A S purchased a new stake in Advanced Energy Industries in the third quarter worth $34,000. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Performance
Shares of Advanced Energy Industries stock opened at $285.83 on Monday. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. The stock’s fifty day moving average price is $320.67 and its 200-day moving average price is $326.84. The firm has a market cap of $11.45 billion, a P/E ratio of 53.33 and a beta of 1.29. Advanced Energy Industries, Inc. has a 12 month low of $144.09 and a 12 month high of $397.44.
Advanced Energy Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th. Advanced Energy Industries’s dividend payout ratio is presently 7.46%.
Analyst Ratings Changes
A number of analysts have recently issued reports on the stock. Zacks Research raised shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Weiss Ratings lowered shares of Advanced Energy Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. KeyCorp boosted their price objective on shares of Advanced Energy Industries from $375.00 to $415.00 and gave the company an “overweight” rating in a research report on Tuesday, May 5th. Cantor Fitzgerald restated an “overweight” rating 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 research report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
Check Out Our Latest Stock Report on AEIS
Insider Activity at Advanced Energy Industries
In other news, COO Eduardo Bernal Acebedo sold 24,771 shares of the stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the transaction, the chief operating officer directly owned 23,109 shares in the company, valued at approximately $7,290,427.32. This trade represents a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Elizabeth Karpinski Vonne sold 908 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44. Following the transaction, the executive vice president directly owned 10,712 shares in the company, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 1.30% of the stock is currently owned by corporate insiders.
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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