Advanced Energy Industries, Inc. Plans Quarterly Dividend of $0.10 (NASDAQ:AEIS)

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) announced a quarterly dividend on Monday, April 28th, RTT News reports. Shareholders of record on Saturday, May 24th will be paid a dividend of 0.10 per share by the electronics maker on Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend is Friday, May 23rd.

Advanced Energy Industries has a payout ratio of 6.6% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advanced Energy Industries to earn $5.07 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.9%.

Advanced Energy Industries Stock Performance

Shares of AEIS stock traded up $2.98 during trading hours on Friday, reaching $111.29. 550,409 shares of the company traded hands, compared to its average volume of 260,458. Advanced Energy Industries has a 12-month low of $75.01 and a 12-month high of $132.16. The company has a market cap of $4.22 billion, a P/E ratio of 77.83, a P/E/G ratio of 1.39 and a beta of 1.47. The firm has a 50-day moving average price of $98.68 and a 200 day moving average price of $110.15. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The firm's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company earned $0.58 EPS. As a group, sell-side analysts predict that Advanced Energy Industries will post 3.66 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AEIS has been the topic of a number of research reports. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. StockNews.com downgraded shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a research note on Monday, April 28th. Stifel Nicolaus reissued a "buy" rating and issued a $130.00 price objective (down from $135.00) on shares of Advanced Energy Industries in a research note on Thursday. Wells Fargo & Company decreased their target price on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. Finally, Needham & Company LLC dropped their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Advanced Energy Industries currently has an average rating of "Moderate Buy" and an average price target of $124.44.

Insiders Place Their Bets

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction 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. This trade represents a 49.34 % 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, 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 transaction of $206,992.00. Following the sale, the director now owns 3,492 shares of the company's stock, valued at $451,760.04. This represents a 31.42 % decrease in their position. 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.