Harbor Capital Advisors Inc. bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 8,338 shares of the electronics maker's stock, valued at approximately $795,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Summit Partners Public Asset Management LLC bought a new stake in shares of Advanced Energy Industries in the fourth quarter valued at about $71,494,000. Norges Bank acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $68,949,000. Silvercrest Asset Management Group LLC acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $58,393,000. GAMMA Investing LLC increased its holdings in shares of Advanced Energy Industries by 15,632.7% during the first quarter. GAMMA Investing LLC now owns 193,670 shares of the electronics maker's stock worth $18,459,000 after purchasing an additional 192,439 shares during the period. Finally, The Manufacturers Life Insurance Company raised its position in shares of Advanced Energy Industries by 21.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after buying an additional 138,814 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.
Analyst Upgrades and Downgrades
AEIS has been the subject of several recent research reports. Citigroup boosted their price target on 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 upped their target price 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. Stifel Nicolaus reissued a "buy" rating and set a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Needham & Company LLC dropped their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research note on Thursday, May 1st. Finally, Wall Street Zen raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $124.67.
Read Our Latest Report on AEIS
Advanced Energy Industries Price Performance
Shares of AEIS stock traded down $0.72 on Tuesday, hitting $124.54. 219,783 shares of the company's stock were exchanged, compared to its average volume of 271,739. The company has a 50 day moving average of $109.21 and a 200 day moving average of $111.51. The stock has a market cap of $4.69 billion, a P/E ratio of 64.20, a price-to-earnings-growth ratio of 1.15 and a beta of 1.50. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.43 and a quick ratio of 3.28. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $132.16.
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, topping the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The firm had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The business's quarterly revenue was up 23.5% on a year-over-year basis. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.
Advanced Energy Industries Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Shareholders of record on Monday, May 26th were given a $0.10 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.32%. Advanced Energy Industries's dividend payout ratio is currently 20.62%.
Advanced Energy Industries Company Profile
(
Free Report)
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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