Advanced Energy Industries (NASDAQ:AEIS) Stock Price Down 5.1% Following Insider Selling

Key Points

• Advanced Energy Industries shares declined by 5.1% due to insider selling, with EVP John Donaghey selling 1,000 shares at an average price of $160.73.
• Analysts have issued various ratings for AEIS, with a consensus target price of $138.90 and a rating of "Moderate Buy."
• The company announced a quarterly dividend of $0.10 per share, payable on September 5th, representing an annualized yield of 0.3%.

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report)'s share price dropped 5.1% on Friday after an insider sold shares in the company. The stock traded as low as $154.13 and last traded at $153.64. Approximately 90,525 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 356,629 shares. The stock had previously closed at $161.89.

Specifically, EVP John Donaghey sold 1,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $160.73, for a total value of $160,730.00. Following the transaction, the executive vice president directly owned 10,029 shares of the company's stock, valued at $1,611,961.17. This represents a 9.07% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on AEIS shares. Benchmark boosted their target price on shares of Advanced Energy Industries from $130.00 to $150.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Wells Fargo & Company lifted their price objective on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Robert W. Baird increased their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. KeyCorp raised 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, Zacks Research upgraded Advanced Energy Industries to a "hold" rating in a research note on Tuesday, August 12th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries currently has an average rating of "Moderate Buy" and a consensus price target of $138.90.

Advanced Energy Industries Trading Up 1.2%

The firm's 50-day simple moving average is $139.10 and its 200 day simple moving average is $118.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 2.97. The firm has a market capitalization of $5.78 billion, a price-to-earnings ratio of 69.34, a P/E/G ratio of 1.23 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The electronics maker reported $1.50 EPS for the quarter, topping analysts' consensus estimates of $1.28 by $0.22. Advanced Energy Industries had a return on equity of 12.38% and a net margin of 5.13%. The company had revenue of $441.50 million during the quarter, compared to analysts' expectations of $421.32 million. During the same quarter in the previous year, the firm earned $0.85 EPS. Advanced Energy Industries's revenue was up 21.0% on a year-over-year basis. Equities analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, August 25th. Advanced Energy Industries's dividend payout ratio (DPR) is presently 18.10%.

Institutional Investors Weigh In On Advanced Energy Industries

Several hedge funds and other institutional investors have recently made changes to their positions in AEIS. Bank of America Corp DE lifted its stake in Advanced Energy Industries by 2.2% in the 2nd quarter. Bank of America Corp DE now owns 946,649 shares of the electronics maker's stock valued at $125,431,000 after purchasing an additional 20,573 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Advanced Energy Industries by 1.0% during the second quarter. Geode Capital Management LLC now owns 925,648 shares of the electronics maker's stock worth $122,663,000 after buying an additional 8,993 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Advanced Energy Industries by 21.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after acquiring an additional 138,814 shares during the last quarter. Summit Partners Public Asset Management LLC bought a new position in shares of Advanced Energy Industries in the 4th quarter valued at $71,494,000. Finally, Silvercrest Asset Management Group LLC acquired a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $58,393,000. 99.67% of the stock is owned by institutional investors.

Advanced Energy Industries Company 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.