5,780 Advanced Energy Industries, Inc. $AEIS Shares Purchased by Pinnacle Associates Ltd.

Key Points

• Pinnacle Associates increased its Advanced Energy Industries stake by 7.8% in the third quarter, purchasing 5,780 shares and bringing its holdings to 79,692 shares worth approximately $22.5 million. Institutional investors collectively own 99.67% of AEIS.
• Analyst sentiment is broadly positive: AEIS has a “Moderate Buy” consensus rating, with an average price target of $409.50. Several firms recently raised their targets or upgraded the stock to a Buy or Strong Buy rating.
• Advanced Energy reported quarterly EPS of $2.74, exceeding estimates by $0.53, while revenue rose 30% year over year to $574.1 million. However, insiders sold 27,218 shares worth about $8.6 million over the past 90 days.

Pinnacle Associates Ltd. raised its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 79,692 shares of the electronics maker's stock after purchasing an additional 5,780 shares during the period. Pinnacle Associates Ltd. owned 0.20% of Advanced Energy Industries worth $22,459,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in AEIS. Root Financial Partners LLC boosted its holdings in shares of Advanced Energy Industries by 33.3% in the 1st quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker's stock valued at $35,000 after buying an additional 27 shares in the last quarter. Basecamp Wealth Advisors LLC grew its position in shares of Advanced Energy Industries by 16.2% in the 1st quarter. Basecamp Wealth Advisors LLC now owns 222 shares of the electronics maker's stock valued at $72,000 after buying an additional 31 shares during the last quarter. Kintra Wealth LLC grew its position in shares of Advanced Energy Industries by 3.9% in the 2nd quarter. Kintra Wealth LLC now owns 1,092 shares of the electronics maker's stock valued at $407,000 after buying an additional 41 shares during the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Advanced Energy Industries by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,191 shares of the electronics maker's stock worth $384,000 after acquiring an additional 51 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Advanced Energy Industries during the 2nd quarter worth $27,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Susquehanna boosted their price target on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the company a "positive" rating in a research report on Tuesday, June 30th. Morgan Stanley raised their price objective on Advanced Energy Industries from $421.00 to $439.00 and gave the stock an "overweight" rating in a report on Tuesday, August 4th. Zacks Research raised Advanced Energy Industries from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Wall Street Zen upgraded Advanced Energy Industries from a "hold" rating to a "buy" rating in a research report on Saturday, June 27th. Finally, Seaport Research Partners raised Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $410.00 target price for the company in a report 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's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $409.50.

Insiders Place Their Bets

In other Advanced Energy Industries news, EVP Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total value of $302,073.44. Following the transaction, the executive vice president directly owned 10,712 shares in the company, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Eduardo Acebedo sold 24,771 shares of the company's stock in a transaction dated 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 sale, 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 27,218 shares of company stock worth $8,562,008. 1.30% of the stock is currently owned by company insiders.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $239.65 on Wednesday. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. The firm has a market cap of $9.60 billion, a PE ratio of 44.71 and a beta of 1.31. The company's 50 day simple moving average is $281.02 and its 200-day simple moving average is $315.33. Advanced Energy Industries, Inc. has a 12-month low of $185.52 and a 12-month high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Monday, August 3rd. The electronics maker reported $2.74 EPS for the quarter, beating analysts' consensus estimates of $2.21 by $0.53. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The business 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 company posted $1.50 EPS. The company's quarterly revenue was up 30.0% on a year-over-year basis. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 9.53 EPS for the current year.

Advanced Energy Industries Dividend Announcement

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

About Advanced Energy Industries

Advanced Energy Industries, Inc develops and manufactures precision power-conversion, measurement and control technologies. Its products are designed to regulate, transform and deliver electrical power with high levels of accuracy and reliability in demanding industrial applications.

The company's portfolio includes direct-current and alternating-current power supplies, radio-frequency power systems, high-voltage power supplies, thermal-management equipment, power control modules, and measurement and control instruments.

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