Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD trimmed its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 26.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 242,057 shares of the electronics maker's stock after selling 85,210 shares during the period. Price T Rowe Associates Inc. MD owned about 0.64% of Advanced Energy Industries worth $27,990,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc raised its stake in shares of Advanced Energy Industries by 535.3% in the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock valued at $25,000 after acquiring an additional 182 shares in the last quarter. Russell Investments Group Ltd. raised its position in Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Advanced Energy Industries in the 4th quarter valued at about $51,000. Venturi Wealth Management LLC acquired a new position in shares of Advanced Energy Industries during the fourth quarter worth about $74,000. Finally, Blue Trust Inc. increased its stake in shares of Advanced Energy Industries by 26.3% during the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock worth $108,000 after buying an additional 213 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the firm's stock in a transaction 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 sale, the director now owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 transaction of $2,155,077.49. Following the transaction, 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 disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Advanced Energy Industries Stock Performance

AEIS stock traded down $2.68 on Tuesday, hitting $107.36. The company's stock had a trading volume of 30,182 shares, compared to its average volume of 260,032. The stock has a market cap of $4.04 billion, a price-to-earnings ratio of 75.33, a price-to-earnings-growth ratio of 1.39 and a beta of 1.50. The firm has a 50 day moving average of $98.41 and a two-hundred day moving average of $110.14. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16.

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

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Saturday, May 24th will be given a $0.10 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries's dividend payout ratio (DPR) is 20.62%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AEIS shares. Robert W. Baird boosted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Citigroup boosted their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday. Stifel Nicolaus restated a "buy" rating and issued a $130.00 price target (down from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Needham & Company LLC lowered their price objective on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Finally, Wells Fargo & Company cut their target price on 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. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $124.67.

Advanced Energy Industries Profile

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.