Moody Aldrich Partners LLC Boosts Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Moody Aldrich Partners LLC grew its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 58,670 shares of the electronics maker's stock after acquiring an additional 6,944 shares during the quarter. Advanced Energy Industries comprises about 1.2% of Moody Aldrich Partners LLC's portfolio, making the stock its 26th largest position. Moody Aldrich Partners LLC owned 0.15% of Advanced Energy Industries worth $5,592,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Advanced Energy Industries by 0.3% in the first quarter. Principal Financial Group Inc. now owns 477,296 shares of the electronics maker's stock valued at $45,491,000 after acquiring an additional 1,624 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Advanced Energy Industries in the first quarter valued at $914,000. Vontobel Holding Ltd. raised its stake in shares of Advanced Energy Industries by 13.9% in the first quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock valued at $607,000 after acquiring an additional 780 shares during the period. Peregrine Capital Management LLC raised its stake in shares of Advanced Energy Industries by 3.4% in the first quarter. Peregrine Capital Management LLC now owns 90,704 shares of the electronics maker's stock valued at $8,645,000 after acquiring an additional 2,972 shares during the period. Finally, Illinois Municipal Retirement Fund raised its stake in shares of Advanced Energy Industries by 4.7% in the first quarter. Illinois Municipal Retirement Fund now owns 20,575 shares of the electronics maker's stock valued at $1,961,000 after acquiring an additional 924 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $131.29, for a total transaction of $154,003.17. Following the transaction, the executive vice president owned 31,006 shares in the company, valued at approximately $4,070,777.74. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on AEIS. Stifel Nicolaus reaffirmed a "buy" rating and issued a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. KeyCorp reiterated an "overweight" rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Citigroup lifted their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. Wells Fargo & Company boosted their price target on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, June 27th. Finally, Robert W. Baird boosted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $126.89.

Advanced Energy Industries Stock Down 1.1%

Shares of NASDAQ AEIS traded down $1.53 during trading hours on Monday, hitting $136.61. 246,243 shares of the stock were exchanged, compared to its average volume of 280,817. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. The company has a market cap of $5.14 billion, a PE ratio of 70.42, a PEG ratio of 1.27 and a beta of 1.52. The firm has a fifty day moving average price of $120.38 and a 200-day moving average price of $112.85. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $139.29.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The business had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. During the same quarter in the prior year, the business posted $0.58 EPS. Advanced Energy Industries's revenue for the quarter was up 23.5% compared to the same quarter last year. On average, sell-side analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were paid a dividend of $0.10 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. Advanced Energy Industries's payout ratio is 20.62%.

About Advanced Energy Industries

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.