Green Alpha Advisors LLC Acquires 2,266 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Green Alpha Advisors LLC increased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 24.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,402 shares of the electronics maker's stock after acquiring an additional 2,266 shares during the period. Advanced Energy Industries comprises approximately 1.2% of Green Alpha Advisors LLC's portfolio, making the stock its 24th biggest holding. Green Alpha Advisors LLC's holdings in Advanced Energy Industries were worth $1,087,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of Advanced Energy Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock valued at $568,168,000 after purchasing an additional 69,908 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Advanced Energy Industries by 21.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after purchasing an additional 138,814 shares during the last quarter. Summit Partners Public Asset Management LLC acquired a new stake in shares of Advanced Energy Industries in the fourth quarter valued at about $71,494,000. Norges Bank acquired a new stake in shares of Advanced Energy Industries in the fourth quarter valued at about $68,949,000. Finally, Silvercrest Asset Management Group LLC acquired a new stake in shares of Advanced Energy Industries in the fourth quarter valued at about $58,393,000. 99.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AEIS. Citigroup lifted their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Wall Street Zen raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Needham & Company LLC decreased their target price on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Robert W. Baird lifted their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus reissued a "buy" rating and set a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $124.67.

Advanced Energy Industries Trading Up 0.8%

Shares of AEIS stock traded up $0.97 on Thursday, hitting $121.06. The stock had a trading volume of 64,413 shares, compared to its average volume of 267,489. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $132.16. The firm has a market cap of $4.56 billion, a P/E ratio of 84.66, a PEG ratio of 1.39 and a beta of 1.50. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The company has a fifty day moving average price of $102.54 and a two-hundred day moving average price of $110.86.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The firm's revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.58 EPS. As a group, analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Monday, May 26th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.33%. The ex-dividend date of this dividend is Friday, May 23rd. Advanced Energy Industries's payout ratio is presently 20.62%.

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.