Allianz Asset Management GmbH Acquires New Position in Advanced Energy Industries, Inc. $AEIS

Key Points

• Allianz Asset Management acquired 7,220 Advanced Energy Industries shares worth approximately $2.7 million in the second quarter. Institutional investors collectively own 99.67% of the company.
• Insiders sold 26,586 shares worth about $8.4 million over the past quarter, including significant sales by the COO and an executive vice president.
• Advanced Energy exceeded quarterly earnings and revenue estimates, reporting $2.74 in EPS on $574.1 million in revenue. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $409.50.

Allianz Asset Management GmbH bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,220 shares of the electronics maker's stock, valued at approximately $2,692,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Corient Private Wealth LP grew its position in shares of Advanced Energy Industries by 46.2% in the second quarter. Corient Private Wealth LP now owns 12,906 shares of the electronics maker's stock valued at $4,812,000 after purchasing an additional 4,080 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Advanced Energy Industries in the second quarter valued at $5,765,000. California State Teachers Retirement System lifted its position in Advanced Energy Industries by 37,009.4% during the second quarter. California State Teachers Retirement System now owns 16,442,821 shares of the electronics maker's stock worth $6,131,035,000 after buying an additional 16,398,512 shares during the period. Kintra Wealth LLC lifted its position in Advanced Energy Industries by 3.9% during the second quarter. Kintra Wealth LLC now owns 1,092 shares of the electronics maker's stock worth $407,000 after buying an additional 41 shares during the period. Finally, Troluce Capital Advisors LLC acquired a new stake in Advanced Energy Industries in the 2nd quarter worth about $24,237,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Elizabeth Vonne sold 907 shares of the firm's stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $290.05, for a total value of $263,075.35. Following the sale, the executive vice president directly owned 9,805 shares in the company, valued at $2,843,940.25. This trade represents a 8.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Eduardo Acebedo sold 24,771 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was 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 directly owned 23,109 shares of the company's stock, valued at approximately $7,290,427.32. This represents a 51.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 26,586 shares of company stock worth $8,379,904 over the last quarter. Insiders own 1.30% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on AEIS. Weiss Ratings restated a "hold (c+)" rating on shares of Advanced Energy Industries in a report on Wednesday, August 26th. TD Cowen increased their price objective on shares of Advanced Energy Industries from $350.00 to $370.00 and gave the stock a "hold" rating in a report on Tuesday, August 4th. Cantor Fitzgerald reissued an "overweight" rating on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. Needham & Company LLC restated a "buy" rating and issued a $400.00 target price on shares of Advanced Energy Industries in a report on Tuesday, August 4th. Finally, Wall Street Zen raised shares of Advanced Energy Industries from a "hold" rating to a "buy" rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, Advanced Energy Industries has a consensus rating of "Moderate Buy" and an average price target of $409.50.

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS opened at $288.72 on Wednesday. The firm has a market capitalization of $11.56 billion, a PE ratio of 53.87 and a beta of 1.31. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.79 and a quick ratio of 2.94. The business has a 50-day moving average of $299.72 and a two-hundred day moving average of $325.68. Advanced Energy Industries, Inc. has a 12 month low of $151.95 and a 12 month high of $397.44.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The electronics maker reported $2.74 EPS for the quarter, beating the consensus estimate of $2.21 by $0.53. The firm had revenue of $574.10 million for the quarter, compared to analyst estimates of $544.41 million. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. Advanced Energy Industries's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 earnings per share. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. As a group, research analysts forecast that Advanced Energy Industries, Inc. will post 9.5 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Stockholders of record on Monday, August 24th were 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 was Monday, August 24th. Advanced Energy Industries's dividend payout ratio is presently 7.46%.

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.

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