Peregrine Capital Management LLC Purchases 2,972 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peregrine Capital Management LLC boosted its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 3.4% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 90,704 shares of the electronics maker's stock after buying an additional 2,972 shares during the period. Peregrine Capital Management LLC owned approximately 0.24% of Advanced Energy Industries worth $8,645,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. Russell Investments Group Ltd. increased its stake in shares of Advanced Energy Industries by 61.6% during 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 acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth $47,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Advanced Energy Industries in the fourth quarter valued at about $51,000. Fifth Third Bancorp grew its stake in shares of Advanced Energy Industries by 71.5% in the first quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 233 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Advanced Energy Industries by 385.6% during the first quarter. Versant Capital Management Inc now owns 1,049 shares of the electronics maker's stock worth $100,000 after acquiring an additional 833 shares during the period. 99.67% of the stock is owned by institutional investors.

Advanced Energy Industries Price Performance

AEIS stock traded up $0.48 during trading on Thursday, reaching $138.03. 157,376 shares of the company were exchanged, compared to its average volume of 279,516. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 71.15, a P/E/G ratio of 1.23 and a beta of 1.52. The company has a debt-to-equity ratio of 0.46, a current ratio of 4.43 and a quick ratio of 3.28. The company has a 50-day moving average of $118.81 and a two-hundred day moving average of $112.65. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $139.31.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating analysts' consensus estimates 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 return on equity of 10.70% and a net margin of 4.73%. Advanced Energy Industries's revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.58 EPS. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.29%. The ex-dividend date of this dividend was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio is currently 20.62%.

Analyst Upgrades and Downgrades

AEIS has been the subject of a number of recent research reports. KeyCorp reissued an "overweight" rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Citigroup upped their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Stifel Nicolaus restated a "buy" rating and issued a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Wells Fargo & Company upped their price objective on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. Finally, Needham & Company LLC decreased their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a report on Thursday, May 1st. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $126.89.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $131.29, for a total value of $154,003.17. Following the sale, the executive vice president owned 31,006 shares in the company, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.20% of the stock is currently owned by corporate insiders.

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.