Moloney Securities Asset Management LLC Invests $253,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Moloney Securities Asset Management LLC purchased a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,656 shares of the electronics maker's stock, valued at approximately $253,000.

Other large investors also recently bought and sold shares of the company. Russell Investments Group Ltd. lifted its position in 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 acquiring an additional 135 shares during the period. Public Employees Retirement System of Ohio purchased a new position in Advanced Energy Industries during the 4th quarter valued at about $47,000. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Advanced Energy Industries during the 4th quarter valued at 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 purchased a new position in Advanced Energy Industries during the 1st quarter valued at about $78,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Down 2.0%

AEIS opened at $140.73 on Friday. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $124.12 and a 200-day moving average price of $113.76. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $144.54. The stock has a market capitalization of $5.30 billion, a price-to-earnings ratio of 72.54, a PEG ratio of 1.32 and a beta of 1.52.

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. Equities research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.28%. Advanced Energy Industries's payout ratio is 20.62%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on AEIS. Wells Fargo & Company lifted their price target on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. KeyCorp reaffirmed an "overweight" rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Citigroup lifted their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Robert W. Baird lifted their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $126.89.

Insider Activity at Advanced Energy Industries

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 business's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the sale, the executive vice president owned 11,029 shares of the company's stock, valued at $1,544,060. This trade represents a 15.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

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.

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.