Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Peterson Wealth Services

Peterson Wealth Services trimmed its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 24.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 6,494 shares of the electronics maker's stock after selling 2,123 shares during the quarter. Peterson Wealth Services' holdings in Advanced Energy Industries were worth $619,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Russell Investments Group Ltd. lifted 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 worth $41,000 after purchasing an additional 135 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Advanced Energy Industries in the 4th quarter valued at approximately $47,000. Kayne Anderson Rudnick Investment Management LLC acquired a new position in Advanced Energy Industries in the 4th quarter valued at approximately $51,000. Fifth Third Bancorp raised its holdings in shares of Advanced Energy Industries by 71.5% in the 1st quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock worth $53,000 after buying an additional 233 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Advanced Energy Industries in the 1st quarter worth approximately $78,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP John Donaghey sold 2,000 shares of the 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 transaction, the executive vice president owned 11,029 shares in the company, valued at $1,544,060. This represents a 15.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction on Friday, June 20th. The stock was 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 represents a 3.65% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. KeyCorp increased their price objective on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday, July 15th. Stifel Nicolaus reissued a "buy" rating and issued a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Wall Street Zen raised Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Citigroup raised their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Finally, Needham & Company LLC dropped their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries has an average rating of "Moderate Buy" and an average target price of $130.20.

Advanced Energy Industries Stock Down 1.4%

Shares of AEIS traded down $1.98 on Tuesday, reaching $140.68. The company's stock had a trading volume of 341,681 shares, compared to its average volume of 287,971. The company has a current ratio of 4.43, a quick ratio of 3.28 and a debt-to-equity ratio of 0.46. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $145.52. The stock has a market capitalization of $5.30 billion, a PE ratio of 72.52, a PEG ratio of 1.32 and a beta of 1.52. The firm has a fifty day moving average of $127.24 and a 200-day moving average of $114.62.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. The firm had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The company's revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.58 EPS. Equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

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