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

Key Points

• Advanced Energy Industries, Inc. announced a quarterly dividend of $0.10 per share, which will be paid on September 5th to investors of record on August 25th, reflecting an annualized dividend of $0.40 and a yield of 0.28%.
• The company reported earnings of $1.23 per share for the previous quarter, exceeding analyst expectations, with a revenue of $404.60 million, representing a year-over-year increase of 23.5%.
• Insider transactions included sales of stock by EVP John Donaghey and EVP Paul R. Oldham, indicating notable activity among company executives, with the corporate insiders holding 1.20% of Advanced Energy Industries' stock.

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) declared a quarterly dividend on Wednesday, July 23rd, RTT News reports. Stockholders of record on Monday, August 25th will be given a dividend of 0.10 per share by the electronics maker on Friday, September 5th. This represents a $0.40 annualized dividend and a dividend yield of 0.29%. The ex-dividend date is Monday, August 25th.

Advanced Energy Industries has a payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. 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 NASDAQ:AEIS traded down $4.18 during trading on Thursday, hitting $139.90. 181,064 shares of the stock traded hands, compared to its average volume of 336,034. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. The company has a market cap of $5.27 billion, a price-to-earnings ratio of 72.00, a P/E/G ratio of 1.31 and a beta of 1.52. The company has a fifty day moving average price of $131.05 and a two-hundred day moving average price of $115.90. Advanced Energy Industries has a 52-week low of $75.01 and a 52-week high of $145.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted 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 firm had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The business's quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.58 EPS. As a group, equities analysts predict that Advanced Energy Industries will post 3.66 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages recently commented on AEIS. Stifel Nicolaus reissued a "buy" rating and issued a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Wells Fargo & Company upped their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. KeyCorp upped their target price on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Finally, Citigroup upped their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $130.20.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, EVP John Donaghey sold 2,000 shares of the company's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the transaction, the executive vice president owned 11,029 shares of the company's stock, valued at $1,544,060. This represents a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $131.29, for a total transaction of $154,003.17. Following the completion of the transaction, the executive vice president directly owned 31,006 shares in the company, valued at $4,070,777.74. The trade was a 3.65% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Advisors Asset Management Inc. lifted its position in shares of Advanced Energy Industries by 47.7% during the first quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker's stock worth $51,000 after purchasing an additional 174 shares in the last quarter. United Services Automobile Association acquired a new stake in shares of Advanced Energy Industries during the first quarter worth about $228,000. AQR Capital Management LLC acquired a new stake in shares of Advanced Energy Industries during the first quarter worth about $468,000. Royal Bank of Canada lifted its position in shares of Advanced Energy Industries by 16.5% during the first quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker's stock worth $1,063,000 after purchasing an additional 1,578 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Advanced Energy Industries by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker's stock worth $2,123,000 after purchasing an additional 970 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

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.