49,784 Advanced Energy Industries, Inc. $AEIS Shares Bought by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its Advanced Energy Industries position by 455.3% in the third quarter, buying 49,784 shares to reach 60,719 shares worth approximately $17.1 million. Institutional investors collectively own 99.67% of the company.
• Advanced Energy reported quarterly revenue of $574.1 million and adjusted earnings of $2.74 per share, exceeding analyst expectations, while revenue rose 30% year over year.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $409.50. However, insiders sold 27,218 shares worth about $8.6 million over the past three months.

Assenagon Asset Management S.A. boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 455.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 60,719 shares of the electronics maker's stock after purchasing an additional 49,784 shares during the period. Assenagon Asset Management S.A. owned about 0.15% of Advanced Energy Industries worth $17,112,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AEIS. BlackRock Inc. bought a new stake in Advanced Energy Industries during the second quarter valued at approximately $1,725,045,000. Bank of America Corp DE bought a new position in Advanced Energy Industries in the second quarter worth approximately $382,342,000. The Manufacturers Life Insurance Company bought a new position in Advanced Energy Industries in the second quarter worth approximately $166,162,000. Arrowstreet Capital Limited Partnership boosted its stake in shares of Advanced Energy Industries by 17.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 335,591 shares of the electronics maker's stock worth $108,299,000 after acquiring an additional 48,842 shares during the last quarter. Finally, Bank of New York Mellon Corp purchased a new position in shares of Advanced Energy Industries during the 2nd quarter worth $95,719,000. 99.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Advanced Energy Industries

In related news, COO Eduardo Acebedo sold 24,771 shares of the company's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the completion of the transaction, the chief operating officer owned 23,109 shares in the company, valued at approximately $7,290,427.32. This represents a 51.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Elizabeth Vonne sold 908 shares of the company's stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total transaction of $302,073.44. Following the transaction, the executive vice president owned 10,712 shares of the company's stock, valued at approximately $3,563,668.16. This represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 27,218 shares of company stock worth $8,562,008 in the last three months. Insiders own 1.30% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a "hold (c+)" rating on shares of Advanced Energy Industries in a research report on Wednesday, August 26th. Susquehanna raised their target price on Advanced Energy Industries from $430.00 to $535.00 and gave the stock a "positive" rating in a report on Tuesday, June 30th. Zacks Research raised Advanced Energy Industries from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. TD Cowen lifted their target price on Advanced Energy Industries from $350.00 to $370.00 and gave the company a "hold" rating in a research report on Tuesday, August 4th. Finally, Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Energy Industries in a research report on Tuesday, September 22nd. One 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $409.50.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $238.05 on Monday. 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, Inc. has a 12-month low of $185.52 and a 12-month high of $397.44. The stock has a 50-day moving average price of $284.25 and a 200 day moving average price of $316.56. The stock has a market capitalization of $9.53 billion, a P/E ratio of 44.41 and a beta of 1.31.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The electronics maker reported $2.74 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $574.10 million for the quarter, compared to analysts' expectations of $544.41 million. During the same period in the previous year, the firm earned $1.50 EPS. The firm's 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. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 9.53 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

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

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc NASDAQ: AEIS designs and manufactures precision power-conversion, measurement and control technologies. Its products help customers generate, convert, deliver and manage electrical power with high levels of efficiency, reliability and accuracy.

The company's offerings include AC-DC and DC-DC power supplies, high-voltage power systems, radio-frequency power products, power-control equipment and precision measurement instruments. These products are used in semiconductor and electronics manufacturing equipment, industrial and medical applications, telecommunications, data centers, renewable energy systems and other demanding environments.

Founded in 1981, Advanced Energy serves a global customer base through operations and sales activities across North America, Europe and Asia.

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