Harbor Capital Advisors Inc. Acquires New Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Harbor Capital Advisors Inc. purchased a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 8,338 shares of the electronics maker's stock, valued at approximately $795,000.

Several other institutional investors have also modified their holdings of AEIS. Charles Schwab Investment Management Inc. increased its holdings in Advanced Energy Industries by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock valued at $53,204,000 after buying an additional 18,533 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Advanced Energy Industries in the fourth quarter valued at about $3,971,000. Amundi increased its holdings in Advanced Energy Industries by 192.6% in the fourth quarter. Amundi now owns 19,405 shares of the electronics maker's stock valued at $2,303,000 after buying an additional 12,773 shares during the last quarter. Alpha DNA Investment Management LLC bought a new stake in Advanced Energy Industries in the fourth quarter valued at about $487,000. Finally, Norges Bank bought a new stake in Advanced Energy Industries in the fourth quarter valued at about $68,949,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on AEIS. Needham & Company LLC cut their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Citigroup boosted their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Robert W. Baird raised their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Stifel Nicolaus reaffirmed a "buy" rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Finally, Wall Street Zen raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $124.67.

Advanced Energy Industries Trading Down 3.1%

Shares of Advanced Energy Industries stock traded down $3.88 on Friday, hitting $122.80. 148,279 shares of the company's stock traded hands, compared to its average volume of 271,164. The firm's 50-day moving average price is $107.73 and its two-hundred day moving average price is $111.39. The stock has a market capitalization of $4.62 billion, a PE ratio of 85.87, a price-to-earnings-growth ratio of 1.39 and a beta of 1.50. Advanced Energy Industries, Inc. has a one year low of $75.01 and a one year high of $132.16. 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 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The business's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.58 EPS. On average, research analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were given 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 was Friday, May 23rd. Advanced Energy Industries's payout ratio is 20.62%.

Advanced Energy Industries 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.