1,025,403 Shares in Advanced Energy Industries, Inc. $AEIS Acquired by Bank of America Corp DE

Key Points

• Bank of America acquired 1,025,403 shares of Advanced Energy Industries in the second quarter, valued at approximately $382.3 million and representing about 2.56% of the company. Institutional investors and hedge funds collectively own 99.67% of AEIS.
• Analyst sentiment is broadly positive: AEIS has a “Moderate Buy” consensus rating, with one Strong Buy, 11 Buy, and two Hold ratings. The consensus price target is $409.50.
• Advanced Energy reported quarterly EPS of $2.74, exceeding estimates of $2.21, while revenue rose 30% year over year to $574.1 million. The company also pays a quarterly dividend of $0.10 per share, a 0.2% yield.

Bank of America Corp DE bought a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,025,403 shares of the electronics maker's stock, valued at approximately $382,342,000. Bank of America Corp DE owned about 2.56% of Advanced Energy Industries as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Freestone Grove Partners LP acquired a new position in shares of Advanced Energy Industries during the second quarter valued at about $32,519,000. Man Group plc acquired a new stake in Advanced Energy Industries in the 2nd quarter worth approximately $12,279,000. Jupiter Topco LLC purchased a new stake in Advanced Energy Industries during the 2nd quarter worth approximately $6,386,000. Hsbc Holdings PLC purchased a new stake in Advanced Energy Industries during the 2nd quarter worth approximately $19,027,000. Finally, PDT Partners LLC acquired a new position in Advanced Energy Industries during the 2nd quarter valued at approximately $23,188,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AEIS has been the topic of a number of research analyst reports. Zacks Research raised shares of Advanced Energy Industries from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Bank of America raised their target price on Advanced Energy Industries from $430.00 to $450.00 and gave the stock a "buy" rating in a research note on Tuesday, June 23rd. Wells Fargo & Company raised Advanced Energy Industries from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $345.00 to $465.00 in a research report on Wednesday, July 1st. Wall Street Zen raised Advanced Energy Industries from a "hold" rating to a "buy" rating in a report on Saturday, June 27th. Finally, Citigroup raised their price objective on Advanced Energy Industries from $435.00 to $460.00 and gave the stock a "buy" rating in a research note on Tuesday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Advanced Energy Industries has a consensus rating of "Moderate Buy" and a consensus price target of $409.50.

Advanced Energy Industries Stock Down 1.5%

Shares of AEIS stock opened at $250.57 on Wednesday. Advanced Energy Industries, Inc. has a twelve month low of $155.07 and a twelve month high of $397.44. The stock has a market cap of $10.04 billion, a P/E ratio of 46.75 and a beta of 1.31. The stock has a 50 day moving average of $295.20 and a 200 day moving average of $323.54. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data on Monday, August 3rd. The electronics maker reported $2.74 EPS for the quarter, topping the consensus estimate of $2.21 by $0.53. Advanced Energy Industries had a return on equity of 20.75% and a net margin of 10.77%.The business had revenue of $574.10 million for the quarter, compared to analyst estimates of $544.41 million. During the same quarter in the prior year, the firm posted $1.50 EPS. The business's quarterly revenue was up 30.0% compared to the same quarter last year. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. As a group, sell-side analysts expect that Advanced Energy Industries, Inc. will post 9.5 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were given a $0.10 dividend. The ex-dividend date was Monday, August 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Advanced Energy Industries's dividend payout ratio is 7.46%.

Insider Transactions at Advanced Energy Industries

In related news, EVP Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total value of $302,073.44. Following the completion of the transaction, the executive vice president owned 10,712 shares in the company, valued at $3,563,668.16. The trade was a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Eduardo Acebedo sold 24,771 shares of the company's stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total value of $7,814,755.08. Following the completion of the transaction, the chief operating officer directly owned 23,109 shares of the company's stock, valued at $7,290,427.32. The trade was a 51.74% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,218 shares of company stock valued at $8,562,008. Insiders own 1.30% of the company's stock.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc NASDAQ: AEIS designs and manufactures highly engineered power conversion, measurement and control solutions. Its products help customers generate, control, convert, distribute and measure electrical power in demanding applications that require precision, reliability and high performance.

The company's product portfolio includes direct-current and alternating-current power systems, high-voltage power supplies, radio-frequency power systems, pulsed power solutions, power delivery systems, measurement instruments and thermal-management products.

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