GAMMA Investing LLC Purchases 192,439 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

GAMMA Investing LLC increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 15,632.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,670 shares of the electronics maker's stock after purchasing an additional 192,439 shares during the period. GAMMA Investing LLC owned approximately 0.51% of Advanced Energy Industries worth $18,459,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AEIS. Vanguard Group Inc. raised its holdings in shares of Advanced Energy Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock valued at $568,168,000 after purchasing an additional 69,908 shares during the period. The Manufacturers Life Insurance Company raised its stake in Advanced Energy Industries by 21.8% during the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after buying an additional 138,814 shares during the period. Summit Partners Public Asset Management LLC bought a new position in Advanced Energy Industries in the fourth quarter worth approximately $71,494,000. Norges Bank bought a new position in Advanced Energy Industries in the fourth quarter worth approximately $68,949,000. Finally, Silvercrest Asset Management Group LLC bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at approximately $58,393,000. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Performance

Shares of AEIS stock traded up $4.17 during trading on Monday, hitting $125.73. The company's stock had a trading volume of 349,852 shares, compared to its average volume of 269,394. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The company has a market cap of $4.73 billion, a PE ratio of 87.92, a P/E/G ratio of 1.39 and a beta of 1.50. The business has a fifty day moving average of $103.56 and a 200-day moving average of $110.99. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.97 by $0.26. The business had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The firm's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.58 earnings per share. As a group, research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.32%. Advanced Energy Industries's payout ratio is presently 20.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup increased their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Stifel Nicolaus reiterated a "buy" rating and set a $130.00 price objective (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Wells Fargo & Company lowered their target price on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Needham & Company LLC dropped their price target on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Robert W. Baird boosted their price objective on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Advanced Energy Industries presently has an average rating of "Moderate Buy" and a consensus price target of $124.67.

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.