Fifth Third Bancorp Sells 10,011 Shares of Advanced Energy Industries, Inc. $AEIS

Key Points

• Fifth Third Bancorp sharply reduced its stake in Advanced Energy Industries, selling 10,011 shares in the fourth quarter and cutting its position by 93.8% to 665 shares valued at about $139,000.
• Several analysts raised their price targets on AEIS, with the stock now carrying a consensus Moderate Buy rating and an average target price of $358.00.
• Advanced Energy reported better-than-expected quarterly results, posting EPS of $2.09 versus $1.97 expected and revenue of $511 million, while also announcing a quarterly dividend of $0.10 per share.

Fifth Third Bancorp lowered its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 93.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 665 shares of the electronics maker's stock after selling 10,011 shares during the period. Fifth Third Bancorp's holdings in Advanced Energy Industries were worth $139,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bayforest Capital Ltd purchased a new position in Advanced Energy Industries during the 4th quarter valued at about $29,000. Farther Finance Advisors LLC lifted its position in shares of Advanced Energy Industries by 203.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 173 shares of the electronics maker's stock worth $29,000 after purchasing an additional 116 shares during the period. Danske Bank A S purchased a new stake in shares of Advanced Energy Industries in the 3rd quarter worth approximately $34,000. Measured Wealth Private Client Group LLC bought a new position in shares of Advanced Energy Industries during the third quarter valued at approximately $36,000. Finally, Park Place Capital Corp purchased a new position in Advanced Energy Industries during the fourth quarter valued at approximately $51,000. 99.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on AEIS. Wells Fargo & Company boosted their price objective on shares of Advanced Energy Industries from $340.00 to $345.00 and gave the stock an "equal weight" rating in a research note on Tuesday. Robert W. Baird lifted their price target on Advanced Energy Industries from $360.00 to $380.00 and gave the company an "outperform" rating in a report on Tuesday. Susquehanna boosted their price target on Advanced Energy Industries from $375.00 to $430.00 and gave the stock a "positive" rating in a research report on Tuesday. Citigroup upped their price objective on Advanced Energy Industries from $385.00 to $410.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Bank of America raised their price objective on Advanced Energy Industries from $260.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, January 22nd. Eight investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Advanced Energy Industries has a consensus rating of "Moderate Buy" and an average target price of $358.00.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Brian Shirley sold 1,234 shares of the stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $310.19, for a total value of $382,774.46. Following the completion of the sale, the director directly owned 5,584 shares in the company, valued at approximately $1,732,100.96. This trade represents a 18.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Stephen Douglas Kelley sold 50,000 shares of the firm's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $316.62, for a total value of $15,831,000.00. Following the completion of the sale, the chief executive officer directly owned 80,376 shares of the company's stock, valued at approximately $25,448,649.12. This represents a 38.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 58,478 shares of company stock worth $18,567,013 over the last ninety days. Corporate insiders own 1.30% of the company's stock.

Advanced Energy Industries Stock Up 1.5%

NASDAQ:AEIS opened at $357.24 on Friday. The stock has a market capitalization of $13.59 billion, a price-to-earnings ratio of 75.21, a PEG ratio of 1.59 and a beta of 1.40. Advanced Energy Industries, Inc. has a 52 week low of $110.57 and a 52 week high of $397.44. The firm has a 50 day moving average of $343.13 and a 200 day moving average of $272.65.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings results on Monday, May 4th. The electronics maker reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.97 by $0.12. Advanced Energy Industries had a net margin of 10.00% and a return on equity of 17.99%. The business had revenue of $511.00 million for the quarter, compared to analyst estimates of $505.81 million. During the same period in the previous year, the company earned $1.23 earnings per share. The business's revenue for the quarter was up 26.3% on a year-over-year basis. Advanced Energy Industries has set its Q2 2026 guidance at 1.930-2.430 EPS. As a group, analysts expect that Advanced Energy Industries, Inc. will post 7.34 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Monday, May 25th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd. Advanced Energy Industries's dividend payout ratio is currently 8.42%.

Advanced Energy Industries 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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