Reinhart Partners LLC. purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 9,207 shares of the electronics maker’s stock, valued at approximately $3,433,000.
A number of other large investors also recently modified their holdings of the business. Geode Capital Management LLC grew its holdings 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 acquiring an additional 28,549 shares in the last quarter. Bank of America Corp DE grew its stake in Advanced Energy Industries by 2.2% in the second quarter. Bank of America Corp DE now owns 946,649 shares of the electronics maker’s stock valued at $125,431,000 after purchasing an additional 20,573 shares in the last quarter. Norges Bank acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $123,403,000. Franklin Resources Inc. increased its position in shares of Advanced Energy Industries by 55.4% during the 4th 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. raised its stake in shares of Advanced Energy Industries by 1,734.1% during the 4th 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 in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Advanced Energy Industries Stock Performance
Shares of NASDAQ AEIS 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. Advanced Energy Industries, Inc. has a 12 month low of $143.38 and a 12 month high of $397.44. The stock has a 50 day moving average of $320.49 and a 200-day moving average of $322.52. The company has a market capitalization of $13.02 billion, a P/E ratio of 60.64, a P/E/G ratio of 1.17 and a beta of 1.29.
Advanced Energy Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, August 24th. Advanced Energy Industries’s payout ratio is currently 7.46%.
Wall Street Analyst Weigh In
Several research firms have recently commented on AEIS. Morgan Stanley increased their price objective on Advanced Energy Industries from $421.00 to $439.00 and gave the company an “overweight” rating in a report on Tuesday. Seaport Research Partners upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 target price on the stock in a report on Tuesday. Citigroup upped their price target on shares of Advanced Energy Industries from $435.00 to $460.00 and gave the stock a “buy” rating in a research report on Tuesday. KeyCorp increased their price target on shares of Advanced Energy Industries from $375.00 to $415.00 and gave the company an “overweight” rating in a research note on Tuesday, May 5th. Finally, Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday. One research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
Read Our Latest Stock Analysis on AEIS
Advanced Energy Industries 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.
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