Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Moody Aldrich Partners LLC

Moody Aldrich Partners LLC raised its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 13.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 58,670 shares of the electronics maker's stock after acquiring an additional 6,944 shares during the quarter. Advanced Energy Industries makes up 1.2% of Moody Aldrich Partners LLC's portfolio, making the stock its 26th biggest holding. Moody Aldrich Partners LLC owned approximately 0.15% of Advanced Energy Industries worth $5,592,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Russell Investments Group Ltd. raised its holdings in shares of Advanced Energy Industries by 61.6% in the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after acquiring an additional 135 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Advanced Energy Industries in the fourth quarter valued at $47,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Advanced Energy Industries in the fourth quarter valued at $51,000. Fifth Third Bancorp increased its stake in Advanced Energy Industries by 71.5% in the first quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock valued at $53,000 after purchasing an additional 233 shares during the last quarter. Finally, Versant Capital Management Inc increased its stake in Advanced Energy Industries by 385.6% in the first quarter. Versant Capital Management Inc now owns 1,049 shares of the electronics maker's stock valued at $100,000 after purchasing an additional 833 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Paul R. Oldham sold 1,173 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $131.29, for a total value of $154,003.17. Following the sale, the executive vice president owned 31,006 shares of the company's stock, valued at approximately $4,070,777.74. This trade represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.

Advanced Energy Industries Trading Up 0.3%

AEIS stock traded up $0.48 during trading on Friday, reaching $138.03. 157,376 shares of the stock traded hands, compared to its average volume of 280,268. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.43 and a quick ratio of 3.28. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $139.29. The firm has a market capitalization of $5.20 billion, a PE ratio of 71.15, a P/E/G ratio of 1.27 and a beta of 1.52. The business's 50 day moving average price is $120.38 and its 200-day moving average price is $112.88.

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

Advanced Energy Industries Announces Dividend

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

Analyst Upgrades and Downgrades

AEIS has been the subject of several analyst reports. Wall Street Zen upgraded Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Needham & Company LLC dropped their target price on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Robert W. Baird upped their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company upped their target price on Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Finally, Stifel Nicolaus reissued a "buy" rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $126.89.

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.