Advanced Energy Industries (NASDAQ:AEIS) Announces Quarterly Earnings Results

Key Points

• EPS surprise: Advanced Energy reported EPS of $999.00 for the quarter versus analysts' estimate of $1.96, beating consensus by $997.04; the company posted a return on equity of 15.72% and a net margin of 8.25%.
• Valuation and trading: Shares traded at $386.43 (down $2.62) with a market cap of $14.63B and a high P/E of 101.16, trading near its 52‑week high of $397.44.
• Market sentiment and insider activity: Analysts have an average rating of "Moderate Buy" with an average target of $322.50 (below the current price), while insiders sold roughly 58,478 shares worth about $18.57M over the past 90 days.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) announced its quarterly earnings results on Monday. The electronics maker reported $999.00 earnings per share for the quarter, beating analysts' consensus estimates of $1.96 by $997.04, Zacks reports. Advanced Energy Industries had a return on equity of 15.72% and a net margin of 8.25%.

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS traded down $2.62 during mid-day trading on Monday, hitting $386.43. 757,191 shares of the company traded hands, compared to its average volume of 702,498. The firm has a market cap of $14.63 billion, a P/E ratio of 101.16, a PEG ratio of 2.85 and a beta of 1.40. Advanced Energy Industries has a 52-week low of $106.48 and a 52-week high of $397.44. The firm's 50 day simple moving average is $341.89 and its 200 day simple moving average is $269.24.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, February 23rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, February 23rd. Advanced Energy Industries's payout ratio is currently 10.47%.

Wall Street Analyst Weigh In

A number of analysts recently commented on AEIS shares. Weiss Ratings reiterated a "hold (c+)" rating on shares of Advanced Energy Industries in a research report on Friday, March 27th. KeyCorp lifted their price objective on Advanced Energy Industries from $330.00 to $375.00 and gave the stock an "overweight" rating in a research report on Monday, March 2nd. TD Cowen reiterated a "hold" rating on shares of Advanced Energy Industries in a research report on Wednesday, February 11th. Needham & Company LLC lifted their price objective on Advanced Energy Industries from $290.00 to $330.00 and gave the stock a "buy" rating in a research report on Wednesday, February 11th. Finally, Bank of America lifted their price objective on Advanced Energy Industries from $260.00 to $300.00 and gave the stock a "buy" rating in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $322.50.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Friday, February 13th. The stock was sold at an average price of $316.62, for a total transaction of $316,620.00. Following the sale, the director directly owned 4,585 shares in the company, valued at $1,451,702.70. The trade was a 17.91% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul R. Oldham sold 4,314 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, March 18th. The stock was sold at an average price of $315.99, for a total value of $1,363,180.86. Following the sale, the executive vice president owned 22,217 shares in the company, valued at $7,020,349.83. This represents a 16.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 58,478 shares of company stock worth $18,567,013 over the last ninety days. Company insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently bought and sold shares of the business. ANB Bank bought a new stake in shares of Advanced Energy Industries in the 4th quarter valued at approximately $293,000. NewEdge Advisors LLC increased its holdings in shares of Advanced Energy Industries by 224.8% in the 4th quarter. NewEdge Advisors LLC now owns 1,257 shares of the electronics maker's stock valued at $263,000 after acquiring an additional 870 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in shares of Advanced Energy Industries by 213.5% in the 4th quarter. Public Employees Retirement System of Ohio now owns 1,207 shares of the electronics maker's stock valued at $253,000 after acquiring an additional 822 shares during the last quarter. Peapack Gladstone Financial Corp bought a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at approximately $240,000. Finally, Vise Technologies Inc. bought a new stake in shares of Advanced Energy Industries in the 3rd quarter valued at approximately $229,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

About Advanced Energy Industries

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.

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