New York State Teachers Retirement System Sells 5,265 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

New York State Teachers Retirement System lessened its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 8.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,372 shares of the electronics maker's stock after selling 5,265 shares during the period. New York State Teachers Retirement System owned approximately 0.15% of Advanced Energy Industries worth $5,468,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Illinois Municipal Retirement Fund increased its holdings in shares of Advanced Energy Industries by 4.7% in the 1st quarter. Illinois Municipal Retirement Fund now owns 20,575 shares of the electronics maker's stock worth $1,961,000 after acquiring an additional 924 shares during the period. Sequoia Financial Advisors LLC increased its holdings 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 worth $207,000 after acquiring an additional 187 shares during the period. Sheets Smith Wealth Management increased its holdings in shares of Advanced Energy Industries by 3.9% in the 1st quarter. Sheets Smith Wealth Management now owns 7,403 shares of the electronics maker's stock worth $706,000 after acquiring an additional 276 shares during the period. Blue Trust Inc. increased its holdings in shares of Advanced Energy Industries by 621.2% in the 1st quarter. Blue Trust Inc. now owns 2,957 shares of the electronics maker's stock worth $282,000 after acquiring an additional 2,547 shares during the period. Finally, QRG Capital Management Inc. grew its position 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 valued at $536,000 after buying an additional 355 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS traded up $0.48 during trading hours on Friday, hitting $138.03. 157,376 shares of the company's stock traded hands, compared to its average volume of 280,956. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $139.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43. The company's fifty day simple moving average is $120.38 and its two-hundred day simple moving average is $112.86. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 71.15, a price-to-earnings-growth ratio of 1.27 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, topping 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 period last year, the company posted $0.58 earnings per share. The business's revenue for the quarter was up 23.5% on a year-over-year basis. As a group, equities analysts anticipate 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 was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is 20.62%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Wells Fargo & Company increased their target price 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. Robert W. Baird increased their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report 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 report on Friday, June 27th. KeyCorp reiterated an "overweight" rating on shares of Advanced Energy Industries in a research report on Wednesday, June 25th. Finally, Needham & Company LLC decreased their target price on shares of 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. Three 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 stock. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of "Moderate Buy" and an average target price of $126.89.

Insider Activity

In other news, EVP Paul R. Oldham sold 1,173 shares of the stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the completion of the sale, the executive vice president directly owned 31,006 shares of the company's stock, valued at $4,070,777.74. This represents a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.20% of the stock is owned by company insiders.

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.