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

New York State Teachers Retirement System decreased its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund 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 0.15% of Advanced Energy Industries worth $5,468,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Summit Investment Advisors Inc. lifted its stake in shares of Advanced Energy Industries by 3.3% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker's stock valued at $453,000 after purchasing an additional 124 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Advanced Energy Industries by 1.3% in the 4th quarter. Arizona State Retirement System now owns 10,926 shares of the electronics maker's stock valued at $1,263,000 after purchasing an additional 144 shares during the last quarter. Heritage Family Offices LLP lifted its stake in shares of Advanced Energy Industries by 8.4% in the 1st quarter. Heritage Family Offices LLP now owns 2,189 shares of the electronics maker's stock valued at $209,000 after purchasing an additional 170 shares during the last quarter. Finally, Sequoia Financial Advisors LLC lifted its stake 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 purchasing an additional 187 shares during the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Insider Buying and Selling

In related news, EVP Paul R. Oldham sold 1,173 shares of the business's 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 completion of the sale, the executive vice president directly owned 31,006 shares of the company's stock, valued at $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Donaghey sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was 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. This trade 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 currently owned by corporate insiders.

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS traded up $3.06 on Wednesday, hitting $141.13. 525,309 shares of the company were exchanged, compared to its average volume of 283,203. The company's 50 day moving average price is $122.83 and its two-hundred day moving average price is $113.38. Advanced Energy Industries, Inc. has a one year low of $75.01 and a one year high of $141.71. 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 firm has a market capitalization of $5.31 billion, a price-to-earnings ratio of 72.75, a PEG ratio of 1.27 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (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 for the quarter, compared to the consensus estimate of $392.36 million. During the same quarter in the previous year, the firm posted $0.58 EPS. The business's revenue was up 23.5% compared to the same quarter last year. Research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were given 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 dividend yield of 0.28%. Advanced Energy Industries's payout ratio is 20.62%.

Analysts Set New Price Targets

Several research firms recently issued reports on AEIS. Robert W. Baird lifted their price objective on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. KeyCorp reaffirmed an "overweight" rating on shares of Advanced Energy Industries in a research note on Wednesday, June 25th. 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 dropped their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Finally, Wells Fargo & Company lifted their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Three research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus 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.