Dimensional Fund Advisors LP Has $101.47 Million Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Dimensional Fund Advisors LP cut its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 877,563 shares of the electronics maker's stock after selling 24,319 shares during the quarter. Dimensional Fund Advisors LP owned 2.33% of Advanced Energy Industries worth $101,473,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in AEIS. Norges Bank purchased a new stake in Advanced Energy Industries during the fourth quarter worth $68,949,000. Raymond James Financial Inc. purchased a new stake in Advanced Energy Industries in the fourth quarter valued at approximately $9,864,000. Vanguard Group Inc. increased its holdings in shares of Advanced Energy Industries by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock worth $568,168,000 after buying an additional 69,908 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Advanced Energy Industries during the fourth quarter worth about $8,002,000. Finally, Principal Financial Group Inc. increased its position in Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker's stock worth $50,920,000 after purchasing an additional 53,566 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AEIS has been the topic of several research reports. StockNews.com lowered Advanced Energy Industries from a "hold" rating to a "sell" rating in a research report on Monday. Stifel Nicolaus reaffirmed a "buy" rating and issued a $130.00 price target (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday. Wells Fargo & Company reduced their target price on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Citigroup raised shares of Advanced Energy Industries from a "neutral" rating to a "buy" rating and lifted their price target for the company from $110.00 to $138.00 in a report on Monday, January 6th. Finally, Needham & Company LLC dropped their target price on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries has an average rating of "Moderate Buy" and a consensus price target of $124.44.

Insider Activity

In other news, Director Lanesha Minnix sold 1,600 shares of the 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 in the company, valued at $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm's stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at approximately $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 owned by company insiders.

Advanced Energy Industries Price Performance

NASDAQ AEIS traded up $5.80 on Friday, reaching $114.11. 175,219 shares of the stock traded hands, compared to its average volume of 259,691. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The company has a market cap of $4.32 billion, a price-to-earnings ratio of 79.55, a P/E/G ratio of 1.39 and a beta of 1.47. The firm's fifty day simple moving average is $98.88 and its 200 day simple moving average is $110.12. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. The business 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 3.66% and a return on equity of 8.90%. The business's quarterly revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.58 earnings per share. As a group, research 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 announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Saturday, May 24th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date of this dividend is Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is currently 27.97%.

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.