Massachusetts Financial Services Co. MA Reduces Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Massachusetts Financial Services Co. MA trimmed its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 11.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 383,495 shares of the electronics maker's stock after selling 50,840 shares during the quarter. Massachusetts Financial Services Co. MA owned about 1.01% of Advanced Energy Industries worth $36,551,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Advanced Energy Industries by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock worth $568,168,000 after acquiring an additional 69,908 shares in the last quarter. The Manufacturers Life Insurance Company raised its holdings in Advanced Energy Industries by 21.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after purchasing an additional 138,814 shares during the period. Summit Partners Public Asset Management LLC bought a new stake in Advanced Energy Industries during the fourth quarter valued at about $71,494,000. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $68,949,000. Finally, Silvercrest Asset Management Group LLC bought a new stake in shares of Advanced Energy Industries in the fourth quarter worth about $58,393,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AEIS has been the subject of a number of analyst reports. Needham & Company LLC lowered their target price on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 1st. KeyCorp boosted their target price 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. Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Wells Fargo & Company increased 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 research report on Friday, June 27th. Finally, Stifel Nicolaus reaffirmed a "buy" rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Advanced Energy Industries presently has a consensus rating of "Moderate Buy" and an average target price of $130.20.

Insider Activity

In other news, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction dated Friday, June 20th. The shares were sold at an average price of $131.29, for a total transaction of $154,003.17. Following the completion of the sale, the executive vice president owned 31,006 shares of the company's stock, valued at $4,070,777.74. This represents a 3.65% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Donaghey sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the transaction, the executive vice president owned 11,029 shares of the company's stock, valued at $1,544,060. This represents a 15.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by insiders.

Advanced Energy Industries Stock Performance

Shares of AEIS traded down $0.59 during trading hours on Monday, hitting $142.66. The company had a trading volume of 276,528 shares, compared to its average volume of 287,756. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $145.50. The firm has a market cap of $5.37 billion, a price-to-earnings ratio of 73.54, a PEG ratio of 1.32 and a beta of 1.52. The business has a fifty day moving average of $127.24 and a 200-day moving average of $114.62.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. The business 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 4.73% and a return on equity of 10.70%. Advanced Energy Industries's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.58 EPS. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 dividend yield of 0.28%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is presently 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.