Federated Hermes Inc. Has $3.90 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Federated Hermes Inc. raised its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 5.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,964 shares of the electronics maker's stock after acquiring an additional 2,244 shares during the period. Federated Hermes Inc. owned approximately 0.11% of Advanced Energy Industries worth $3,904,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Summit Partners Public Asset Management LLC acquired a new stake in Advanced Energy Industries during the 4th quarter worth approximately $71,494,000. Silvercrest Asset Management Group LLC bought a new position in Advanced Energy Industries during the 4th quarter worth $58,393,000. GAMMA Investing LLC lifted its holdings in shares of Advanced Energy Industries by 15,632.7% during the first quarter. GAMMA Investing LLC now owns 193,670 shares of the electronics maker's stock worth $18,459,000 after buying an additional 192,439 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Advanced Energy Industries by 21.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after acquiring an additional 138,814 shares during the period. Finally, Sora Investors LLC grew its stake in shares of Advanced Energy Industries by 193.6% in the fourth quarter. Sora Investors LLC now owns 132,114 shares of the electronics maker's stock valued at $15,276,000 after acquiring an additional 87,114 shares in the last quarter. Institutional investors own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. TD Cowen raised their target price on shares of Advanced Energy Industries from $118.00 to $140.00 and gave the stock a "hold" rating in a report on Wednesday. KeyCorp raised their price objective on Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Benchmark lifted their price objective on Advanced Energy Industries from $130.00 to $150.00 and gave the company a "buy" rating in a report on Wednesday. Citigroup upped their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Finally, Wall Street Zen upgraded Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Three 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $138.90.

Advanced Energy Industries Price Performance

NASDAQ:AEIS traded up $5.84 during trading hours on Friday, hitting $152.34. The company's stock had a trading volume of 164,128 shares, compared to its average volume of 345,376. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $151.48. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 3.28. The stock has a fifty day simple moving average of $134.00 and a 200-day simple moving average of $116.74. The company has a market capitalization of $5.75 billion, a P/E ratio of 68.77, a PEG ratio of 1.29 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The electronics maker reported $1.50 earnings per share for the quarter, beating analysts' consensus estimates of $1.28 by $0.22. The company had revenue of $441.50 million for the quarter, compared to the consensus estimate of $421.32 million. Advanced Energy Industries had a net margin of 5.13% and a return on equity of 12.38%. The firm's quarterly revenue was up 21.0% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. On average, analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Investors 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 18.10%.

Insider Buying and Selling at Advanced Energy Industries

In related news, EVP Paul R. Oldham sold 1,173 shares of the business'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 sale, the executive vice president owned 31,006 shares in the company, valued at $4,070,777.74. The trade was a 3.65% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP John Donaghey sold 2,000 shares of Advanced Energy Industries stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the sale, the executive vice president directly owned 11,029 shares in the company, valued at $1,544,060. The trade was a 15.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Advanced Energy Industries Company 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.