New York State Teachers Retirement System Trims Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

New York State Teachers Retirement System trimmed its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 8.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 57,372 shares of the electronics maker's stock after selling 5,265 shares during the quarter. New York State Teachers Retirement System owned about 0.15% of Advanced Energy Industries worth $5,468,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in 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 worth $568,168,000 after purchasing an additional 69,908 shares during the period. The Manufacturers Life Insurance Company grew its holdings in 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 worth $89,565,000 after purchasing an additional 138,814 shares during the period. Summit Partners Public Asset Management LLC acquired a new stake in Advanced Energy Industries in the fourth quarter worth $71,494,000. Norges Bank acquired a new stake in Advanced Energy Industries in the fourth quarter worth $68,949,000. Finally, Silvercrest Asset Management Group LLC acquired a new stake in Advanced Energy Industries in the fourth quarter worth $58,393,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Performance

AEIS stock traded up $1.46 during mid-day trading on Tuesday, hitting $138.07. The company had a trading volume of 344,757 shares, compared to its average volume of 281,665. The firm has a market cap of $5.20 billion, a PE ratio of 71.17, a price-to-earnings-growth ratio of 1.26 and a beta of 1.52. 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 $139.29. The stock's fifty day moving average price is $121.95 and its two-hundred day moving average price is $113.19.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The company had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. During the same quarter in the previous year, the company earned $0.58 earnings per share. Advanced Energy Industries's revenue for the quarter was up 23.5% on a year-over-year basis. On average, 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 company also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were issued a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.29%. Advanced Energy Industries's dividend payout ratio is currently 20.62%.

Insider Buying and Selling

In related news, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction 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 completion of the sale, the executive vice president directly owned 31,006 shares in the company, valued at $4,070,777.74. This represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AEIS shares. Wall Street Zen upgraded shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Needham & Company LLC reduced their price objective on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Citigroup lifted their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. KeyCorp reiterated an "overweight" rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Finally, Wells Fargo & Company lifted their price objective on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a report on Friday, June 27th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $126.89.

Advanced Energy Industries 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.