Channing Capital Management LLC cut its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 3.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 710,649 shares of the electronics maker's stock after selling 22,048 shares during the quarter. Advanced Energy Industries comprises approximately 2.0% of Channing Capital Management LLC's investment portfolio, making the stock its 22nd biggest position. Channing Capital Management LLC owned about 1.89% of Advanced Energy Industries worth $67,732,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also modified their holdings of AEIS. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Advanced Energy Industries in the 1st quarter worth $31,000. Russell Investments Group Ltd. grew its holdings in shares of Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after purchasing an additional 135 shares during the period. Public Employees Retirement System of Ohio purchased a new position in shares of Advanced Energy Industries during the 4th quarter worth $47,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in shares of Advanced Energy Industries during the 4th quarter worth $51,000. Finally, Fifth Third Bancorp grew its holdings in shares of Advanced Energy Industries by 71.5% during the 1st quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock worth $53,000 after purchasing an additional 233 shares during the period. 99.67% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Advanced Energy Industries
In related news, EVP John Donaghey sold 1,000 shares of the company's stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $160.73, for a total value of $160,730.00. Following the completion of the sale, the executive vice president owned 10,029 shares in the company, valued at $1,611,961.17. This represents a 9.07% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul R. Oldham sold 1,173 shares of the firm's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the transaction, the executive vice president directly owned 31,006 shares in the company, valued at $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,173 shares of company stock worth $594,733 in the last quarter. Insiders own 1.20% of the company's stock.
Advanced Energy Industries Stock Down 0.9%
Shares of AEIS traded down $1.40 during midday trading on Monday, hitting $153.01. The company had a trading volume of 258,840 shares, compared to its average volume of 359,428. The company's 50-day simple moving average is $141.03 and its 200-day simple moving average is $119.54. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.97 and a current ratio of 4.09. The firm has a market capitalization of $5.77 billion, a P/E ratio of 69.24, a P/E/G ratio of 1.26 and a beta of 1.52. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $163.07.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Tuesday, August 5th. The electronics maker reported $1.50 earnings per share for the quarter, topping the consensus estimate of $1.28 by $0.22. Advanced Energy Industries had a return on equity of 12.38% and a net margin of 5.13%.The firm had revenue of $441.50 million during the quarter, compared to analysts' expectations of $421.32 million. During the same quarter in the previous year, the business earned $0.85 earnings per share. The firm's revenue was up 21.0% compared to the same quarter last year. Advanced Energy Industries has set its Q3 2025 guidance at 1.200-1.700 EPS. As a group, sell-side analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.
Advanced Energy Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.3%. Advanced Energy Industries's dividend payout ratio (DPR) is presently 18.10%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the company. Wells Fargo & Company increased their price target on Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a report on Friday, June 27th. Citigroup increased their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Wall Street Zen upgraded Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Needham & Company LLC increased their price target on Advanced Energy Industries from $135.00 to $155.00 and gave the stock a "buy" rating in a report on Wednesday, August 6th. Finally, KeyCorp raised their target price on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $138.90.
Check Out Our Latest Research Report on AEIS
Advanced Energy Industries Company Profile
(
Free Report)
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.
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