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

Massachusetts Financial Services Co. MA decreased its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 11.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 383,495 shares of the electronics maker's stock after selling 50,840 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.01% of Advanced Energy Industries worth $36,551,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of AEIS. Isthmus Partners LLC lifted its stake in shares of Advanced Energy Industries by 0.3% during the 1st quarter. Isthmus Partners LLC now owns 29,565 shares of the electronics maker's stock valued at $2,818,000 after buying an additional 96 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in shares of Advanced Energy Industries by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker's stock worth $453,000 after acquiring an additional 124 shares during the period. Russell Investments Group Ltd. grew its position in shares of Advanced Energy Industries by 61.6% during the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after purchasing an additional 135 shares in the last quarter. Xponance Inc. raised its stake in Advanced Energy Industries by 5.8% during the 1st quarter. Xponance Inc. now owns 2,843 shares of the electronics maker's stock valued at $271,000 after purchasing an additional 156 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in Advanced Energy Industries by 3.2% during the 1st quarter. Nisa Investment Advisors LLC now owns 5,168 shares of the electronics maker's stock valued at $493,000 after buying an additional 160 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup upped their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Needham & Company LLC lowered their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus reiterated a "buy" rating and set a $130.00 price objective (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Robert W. Baird raised their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, KeyCorp upped their price target on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Advanced Energy Industries has a consensus rating of "Moderate Buy" and a consensus price target of $130.20.

Insider Buying and Selling

In related news, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the completion of the transaction, the executive vice president directly owned 31,006 shares in the company, valued at approximately $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP John Donaghey sold 2,000 shares of the business's 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 completion of the transaction, the executive vice president directly owned 11,029 shares of the company's stock, valued at $1,544,060. The trade was a 15.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Advanced Energy Industries Stock Up 0.4%

NASDAQ:AEIS traded up $0.52 during midday trading on Friday, reaching $143.25. 239,254 shares of the stock traded hands, compared to its average volume of 287,238. The business has a 50-day moving average of $127.24 and a two-hundred day moving average of $114.63. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $144.54. The stock has a market capitalization of $5.39 billion, a PE ratio of 73.84, a price-to-earnings-growth ratio of 1.31 and a beta of 1.52.

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 for the quarter, topping the consensus estimate of $0.97 by $0.26. The business had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The company's quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the company earned $0.58 earnings per share. On average, equities analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were issued a $0.10 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.28%. 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.