GSA Capital Partners LLP Purchases 2,288 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

GSA Capital Partners LLP lifted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 43.0% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 7,610 shares of the electronics maker's stock after acquiring an additional 2,288 shares during the period. GSA Capital Partners LLP's holdings in Advanced Energy Industries were worth $725,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in AEIS. Russell Investments Group Ltd. grew its stake in Advanced Energy Industries by 61.6% in the fourth 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 stake in shares of Advanced Energy Industries in the 4th quarter worth about $47,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Advanced Energy Industries in the 4th quarter worth about $51,000. Fifth Third Bancorp lifted its position in Advanced Energy Industries by 71.5% during the 1st quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 233 shares during the period. Finally, DekaBank Deutsche Girozentrale bought a new stake in Advanced Energy Industries during the first quarter worth about $78,000. Institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Price Performance

Shares of NASDAQ:AEIS opened at $135.25 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 69.72, a price-to-earnings-growth ratio of 1.24 and a beta of 1.52. The business has a 50-day simple moving average of $131.94 and a two-hundred day simple moving average of $116.13. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $145.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The firm had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. During the same period in the previous year, the company earned $0.58 earnings per share. The firm's quarterly revenue was up 23.5% on a year-over-year basis. On average, analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm 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 $0.10 dividend. The ex-dividend date of this dividend is Monday, August 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. Advanced Energy Industries's dividend payout ratio (DPR) is presently 20.62%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AEIS shares. Stifel Nicolaus reaffirmed a "buy" rating and set a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Robert W. Baird raised their price objective on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. KeyCorp boosted their target price on Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Tuesday, July 15th. Citigroup raised their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Needham & Company LLC lowered their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $130.20.

Insider Buying and Selling

In related news, EVP Paul R. Oldham sold 1,173 shares of the business's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $131.29, for a total transaction of $154,003.17. Following the completion of the sale, the executive vice president directly owned 31,006 shares in the company, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Donaghey sold 2,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the transaction, the executive vice president 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.

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