Algert Global LLC Acquires 19,510 Shares of Advanced Energy Industries, Inc. $AEIS

Key Points

• Algert Global increased its Advanced Energy Industries stake by 163.3% in the second quarter, acquiring 19,510 additional shares for a total holding of 31,460 shares valued at approximately $11.73 million.
• Advanced Energy reported stronger-than-expected quarterly results, with EPS of $2.74 versus the $2.21 consensus and revenue of $574.1 million, up 30% year over year. The company issued third-quarter EPS guidance of $2.75 to $3.25.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $409.50, while the company declared a quarterly dividend of $0.10 per share. Two executives recently sold shares, including the COO’s sale of 24,771 shares.

Algert Global LLC increased its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 163.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,460 shares of the electronics maker's stock after acquiring an additional 19,510 shares during the quarter. Algert Global LLC owned 0.08% of Advanced Energy Industries worth $11,730,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Kemnay Advisory Services Inc. acquired a new position in Advanced Energy Industries during the 4th quarter worth approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Advanced Energy Industries during the second quarter valued at approximately $27,000. Whittier Trust Co. of Nevada Inc. bought a new stake in shares of Advanced Energy Industries during the first quarter valued at approximately $29,000. Twin Tree Management LP acquired a new position in shares of Advanced Energy Industries during the fourth quarter worth approximately $32,000. Finally, Danske Bank A S acquired a new position in shares of Advanced Energy Industries during the third quarter worth approximately $34,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Advanced Energy Industries Trading Up 0.3%

Shares of AEIS stock opened at $275.43 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. The company has a market capitalization of $11.03 billion, a price-to-earnings ratio of 51.39 and a beta of 1.29. Advanced Energy Industries, Inc. has a 52-week low of $144.09 and a 52-week high of $397.44. The company has a 50-day simple moving average of $317.25 and a two-hundred day simple moving average of $327.07.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Monday, August 3rd. The electronics maker reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.53. The firm had revenue of $574.10 million for the quarter, compared to the consensus estimate of $544.41 million. Advanced Energy Industries had a return on equity of 20.75% and a net margin of 10.77%.The company's revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 EPS. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. Research analysts anticipate that Advanced Energy Industries, Inc. will post 9.18 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th. Advanced Energy Industries's dividend payout ratio is currently 7.46%.

Analyst Ratings Changes

AEIS has been the subject of several research reports. TD Cowen lifted their price target on shares of Advanced Energy Industries from $350.00 to $370.00 and gave the company a "hold" rating in a research report on Tuesday, August 4th. Susquehanna raised their price objective on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the company a "positive" rating in a research note on Tuesday, June 30th. Zacks Research upgraded shares of Advanced Energy Industries from a "hold" rating to a "strong-buy" rating in a report on Thursday, July 30th. Needham & Company LLC reissued a "buy" rating and set a $400.00 target price on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. Finally, Robert W. Baird upped their target price on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Advanced Energy Industries has an average rating of "Moderate Buy" and an average target price of $409.50.

Insider Buying and Selling

In other news, COO Eduardo Bernal Acebedo sold 24,771 shares of the firm's stock in a transaction that occurred on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the completion of the sale, the chief operating officer owned 23,109 shares in the company, valued at $7,290,427.32. This trade represents a 51.74% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Elizabeth Karpinski Vonne sold 908 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total transaction of $302,073.44. Following the completion of the sale, the executive vice president directly owned 10,712 shares in the company, valued at $3,563,668.16. This trade represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by corporate insiders.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source