New Age Alpha Advisors LLC Has $354,000 Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Key Points

• New Age Alpha Advisors LLC significantly increased its stake in Advanced Energy Industries, purchasing an additional 2,390 shares to raise its holdings by 181.2%, valuing the investment at $354,000 as of the last reporting period.
• Multiple analysts have revised their target prices for Advanced Energy Industries, with Needham & Company LLC raising it to $155.00 and TD Cowen adjusting it to $140.00, reflecting a consensus outlook of "Moderate Buy" with a target price of $138.90.
• The company reported a strong quarterly earnings performance with an EPS of $1.50, exceeding analyst expectations and showing a 21.0% revenue increase compared to the same quarter last year.

New Age Alpha Advisors LLC boosted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 181.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,709 shares of the electronics maker's stock after purchasing an additional 2,390 shares during the period. New Age Alpha Advisors LLC's holdings in Advanced Energy Industries were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC grew its position in shares of Advanced Energy Industries by 9.4% in the 1st quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker's stock valued at $207,000 after acquiring an additional 187 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Advanced Energy Industries by 65.1% during the 1st quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker's stock worth $194,000 after buying an additional 801 shares during the period. Teacher Retirement System of Texas bought a new stake in shares of Advanced Energy Industries during the 1st quarter worth about $914,000. Vontobel Holding Ltd. boosted its holdings in shares of Advanced Energy Industries by 13.9% during the 1st quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock worth $607,000 after buying an additional 780 shares during the period. Finally, QRG Capital Management Inc. raised its stake in Advanced Energy Industries by 6.7% in the 1st quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker's stock worth $536,000 after purchasing an additional 355 shares in the last quarter. Institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS traded down $2.24 during midday trading on Thursday, hitting $160.28. The stock had a trading volume of 597,421 shares, compared to its average volume of 356,463. The company's 50-day moving average price is $137.11 and its 200-day moving average price is $117.57. The company has a market capitalization of $6.05 billion, a P/E ratio of 72.33, a price-to-earnings-growth ratio of 1.29 and a beta of 1.52. The company has a quick ratio of 2.97, a current ratio of 4.09 and a debt-to-equity ratio of 0.45. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $163.07.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Tuesday, August 5th. The electronics maker reported $1.50 EPS for the quarter, beating the consensus estimate of $1.28 by $0.22. The company had revenue of $441.50 million during the quarter, compared to analysts' expectations of $421.32 million. Advanced Energy Industries had a net margin of 5.13% and a return on equity of 12.38%. The business's revenue for the quarter was up 21.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.85 EPS. As a group, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Investors of record on Monday, August 25th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.2%. Advanced Energy Industries's payout ratio is 18.10%.

Insider Activity at Advanced Energy Industries

In related news, EVP John Donaghey sold 2,000 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the sale, the executive vice president directly owned 11,029 shares of the company's stock, valued at approximately $1,544,060. The trade was a 15.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries 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 sale, the executive vice president directly owned 31,006 shares in the company, valued at $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on AEIS. Robert W. Baird lifted their price objective on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Saturday, August 9th. Citigroup lifted their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. KeyCorp lifted their price objective on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company lifted their price objective on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research note on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Advanced Energy Industries presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.90.

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.