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

Price T Rowe Associates Inc. MD reduced its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 26.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 242,057 shares of the electronics maker's stock after selling 85,210 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.64% of Advanced Energy Industries worth $27,990,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Advanced Energy Industries by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock valued at $53,204,000 after purchasing an additional 18,533 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Advanced Energy Industries during the fourth quarter worth $3,971,000. Fort Washington Investment Advisors Inc. OH increased its holdings in Advanced Energy Industries by 10.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker's stock valued at $16,137,000 after buying an additional 12,860 shares during the last quarter. Amundi boosted its position in shares of Advanced Energy Industries by 192.6% during the 4th quarter. Amundi now owns 19,405 shares of the electronics maker's stock worth $2,303,000 after acquiring an additional 12,773 shares in the last quarter. Finally, Alpha DNA Investment Management LLC acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth about $487,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock traded up $2.98 during trading hours on Friday, hitting $111.29. 550,409 shares of the company were exchanged, compared to its average volume of 260,462. The business has a 50-day moving average of $98.68 and a 200-day moving average of $110.14. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 77.83, a P/E/G ratio of 1.39 and a beta of 1.47.

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 for the quarter, beating the consensus estimate of $0.97 by $0.26. The business had revenue of $404.60 million for the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The business's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.58 earnings per share. As a group, analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Saturday, May 24th will be paid a $0.10 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.36%. Advanced Energy Industries's dividend payout ratio (DPR) is presently 27.97%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. StockNews.com downgraded Advanced Energy Industries from a "hold" rating to a "sell" rating in a report on Monday, April 28th. Stifel Nicolaus reiterated a "buy" rating and set a $130.00 price target (down from $135.00) on shares of Advanced Energy Industries in a research note on Thursday. Wells Fargo & Company decreased their price objective on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Citigroup raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Finally, Needham & Company LLC decreased their target price 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 equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.44.

Insider Buying and Selling

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the firm's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the transaction, the director now directly owns 3,492 shares in the company, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the company'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 $2,212,333.42. This trade represents a 49.34 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

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.