Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC lifted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 15,632.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 193,670 shares of the electronics maker's stock after acquiring an additional 192,439 shares during the quarter. GAMMA Investing LLC owned about 0.51% of Advanced Energy Industries worth $18,459,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in AEIS. Versant Capital Management Inc raised its position in Advanced Energy Industries by 385.6% in the first quarter. Versant Capital Management Inc now owns 1,049 shares of the electronics maker's stock valued at $100,000 after purchasing an additional 833 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Advanced Energy Industries by 29.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,241 shares of the electronics maker's stock valued at $375,000 after buying an additional 745 shares during the period. Public Employees Retirement System of Ohio purchased a new stake in shares of Advanced Energy Industries during the 4th quarter valued at about $47,000. Visionary Wealth Advisors acquired a new position in Advanced Energy Industries during the 4th quarter worth approximately $1,326,000. Finally, Squarepoint Ops LLC boosted its holdings in Advanced Energy Industries by 426.0% in the 4th quarter. Squarepoint Ops LLC now owns 26,631 shares of the electronics maker's stock worth $3,079,000 after acquiring an additional 21,568 shares during the period. Institutional investors and hedge funds own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on AEIS. Needham & Company LLC dropped their price objective on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Robert W. Baird lifted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wall Street Zen upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Wells Fargo & Company dropped their price objective on 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. Finally, Stifel Nicolaus reiterated a "buy" rating and set a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Advanced Energy Industries presently has an average rating of "Moderate Buy" and a consensus target price of $124.67.

Advanced Energy Industries Stock Performance

Shares of AEIS stock traded up $1.92 on Friday, hitting $121.56. 161,212 shares of the stock traded hands, compared to its average volume of 268,442. The company's fifty day moving average is $103.03 and its 200 day moving average is $110.93. Advanced Energy Industries, Inc. has a 1-year low of $75.01 and a 1-year high of $132.16. The company has a market capitalization of $4.58 billion, a PE ratio of 85.01, a PEG ratio of 1.39 and a beta of 1.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.26. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The company had revenue of $404.60 million for the quarter, compared to analysts' expectations of $392.36 million. During the same period in the prior year, the company earned $0.58 earnings per share. The firm's revenue was up 23.5% compared to the same quarter last year. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.33%. The ex-dividend date is Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is presently 20.62%.

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.