Lord Abbett & CO. LLC reduced its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 2.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 392,018 shares of the electronics maker's stock after selling 8,463 shares during the period. Lord Abbett & CO. LLC owned approximately 1.04% of Advanced Energy Industries worth $37,363,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Russell Investments Group Ltd. boosted its position in shares of Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares in the last quarter. Synovus Financial Corp lifted its stake in Advanced Energy Industries by 10.2% during the fourth quarter. Synovus Financial Corp now owns 7,351 shares of the electronics maker's stock valued at $850,000 after purchasing an additional 682 shares during the last quarter. Summit Investment Advisors Inc. boosted its holdings in Advanced Energy Industries by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker's stock worth $453,000 after buying an additional 124 shares in the last quarter. PEAK6 LLC acquired a new position in Advanced Energy Industries in the fourth quarter worth approximately $476,000. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Advanced Energy Industries by 412.5% in the fourth quarter. Canada Pension Plan Investment Board now owns 4,100 shares of the electronics maker's stock valued at $474,000 after buying an additional 3,300 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
AEIS has been the subject of several research reports. KeyCorp raised their price objective on Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Stifel Nicolaus set a $150.00 target price on Advanced Energy Industries and gave the company a "buy" rating in a report on Monday, August 4th. TD Cowen lifted their price target on Advanced Energy Industries from $118.00 to $140.00 and gave the stock a "hold" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. Finally, Citigroup upped their price objective 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. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $138.90.
Get Our Latest Analysis on Advanced Energy Industries
Advanced Energy Industries Stock Down 1.8%
Advanced Energy Industries stock traded down $2.67 during trading hours on Wednesday, hitting $147.74. The company had a trading volume of 491,121 shares, compared to its average volume of 498,570. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $163.07. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 2.97. The firm has a market capitalization of $5.57 billion, a P/E ratio of 66.85, a price-to-earnings-growth ratio of 1.22 and a beta of 1.52. The firm's fifty day moving average is $139.97 and its 200-day moving average is $118.91.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The electronics maker reported $1.50 EPS for the quarter, beating the consensus estimate of $1.28 by $0.22. Advanced Energy Industries had a net margin of 5.13% and a return on equity of 12.38%. The business had revenue of $441.50 million for the quarter, compared to analysts' expectations of $421.32 million. During the same period in the previous year, the company posted $0.85 EPS. Advanced Energy Industries's revenue was up 21.0% on a year-over-year basis. Advanced Energy Industries has set its Q3 2025 guidance at 1.200-1.700 EPS. On average, research analysts forecast 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 will be paid on Friday, September 5th. Shareholders of record on Monday, August 25th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Monday, August 25th. Advanced Energy Industries's dividend payout ratio is presently 18.10%.
Insider Transactions at Advanced Energy Industries
In related news, EVP Paul R. Oldham sold 1,173 shares of the firm'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 transaction, the executive vice president owned 31,006 shares of the company's stock, valued at approximately $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Donaghey sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $160.73, for a total transaction of $160,730.00. Following the completion of the sale, the executive vice president owned 10,029 shares of the company's stock, valued at $1,611,961.17. This trade represents a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,173 shares of company stock valued at $594,733 over the last ninety days. Company insiders own 1.20% of the company's stock.
About Advanced Energy Industries
(
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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