Alpha DNA Investment Management LLC Takes $487,000 Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Alpha DNA Investment Management LLC acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 4,208 shares of the electronics maker's stock, valued at approximately $487,000.

Other hedge funds have also added to or reduced their stakes in the company. Norges Bank bought a new stake in Advanced Energy Industries in the 4th quarter valued at about $68,949,000. Raymond James Financial Inc. purchased a new position in shares of Advanced Energy Industries in the fourth quarter worth about $9,864,000. Vanguard Group Inc. raised its position in shares of Advanced Energy Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock valued at $568,168,000 after purchasing an additional 69,908 shares during the period. Wealthfront Advisers LLC purchased a new stake in shares of Advanced Energy Industries during the 4th quarter valued at approximately $8,002,000. Finally, Principal Financial Group Inc. lifted its stake in shares of Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock valued at $50,920,000 after buying an additional 53,566 shares in the last quarter. Institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Trading Up 4.8 %

Shares of AEIS stock traded up $4.23 on Wednesday, hitting $92.34. 106,203 shares of the company's stock traded hands, compared to its average volume of 251,981. The company's fifty day simple moving average is $102.85 and its 200 day simple moving average is $110.57. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. Advanced Energy Industries, Inc. has a one year low of $75.01 and a one year high of $132.16. The stock has a market capitalization of $3.50 billion, a price-to-earnings ratio of 64.57, a P/E/G ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Equities analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. Advanced Energy Industries's dividend payout ratio is presently 27.97%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AEIS shares. Robert W. Baird lowered their target price on shares of Advanced Energy Industries from $138.00 to $136.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Stifel Nicolaus upped their price target on Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a research report on Thursday, February 13th. Wells Fargo & Company lowered their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Needham & Company LLC reaffirmed a "buy" rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Finally, Citigroup raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and upped their target price for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $126.56.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,600 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the completion of the transaction, the director now owns 3,492 shares in the company, valued at $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

About Advanced Energy Industries

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.