Polymer Capital Management HK LTD acquired a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 14,119 shares of the electronics maker's stock, valued at approximately $5,265,000.
A number of other institutional investors and hedge funds have also bought and sold shares of AEIS. BlackRock Inc. bought a new position in Advanced Energy Industries during the 2nd quarter worth $1,725,045,000. Geode Capital Management LLC grew its position in shares of Advanced Energy Industries by 3.1% in the 4th quarter. Geode Capital Management LLC now owns 956,979 shares of the electronics maker's stock valued at $200,393,000 after buying an additional 28,549 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Advanced Energy Industries by 2.2% in the second quarter. Bank of America Corp DE now owns 946,649 shares of the electronics maker's stock valued at $125,431,000 after buying an additional 20,573 shares during the period. Norges Bank bought a new position in shares of Advanced Energy Industries during the fourth quarter worth about $123,403,000. Finally, Franklin Resources Inc. raised its position in shares of Advanced Energy Industries by 55.4% during the fourth quarter. Franklin Resources Inc. now owns 487,494 shares of the electronics maker's stock worth $102,067,000 after acquiring an additional 173,836 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Advanced Energy Industries Stock Performance
Shares of AEIS opened at $285.83 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.79 and a quick ratio of 2.94. Advanced Energy Industries, Inc. has a one year low of $144.09 and a one year high of $397.44. The stock has a 50-day moving average of $320.67 and a 200-day moving average of $326.84. The company has a market cap of $11.45 billion, a PE ratio of 53.33 and a beta of 1.29.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its earnings results on Monday, August 3rd. The electronics maker reported $2.74 earnings per share for the quarter, topping analysts' consensus estimates of $2.21 by $0.53. The company had revenue of $574.10 million for the quarter, compared to analyst estimates of $544.41 million. Advanced Energy Industries had a return on equity of 20.75% and a net margin of 10.77%.Advanced Energy Industries's revenue for the quarter was up 30.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.50 earnings per share. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. On average, equities research analysts predict that Advanced Energy Industries, Inc. will post 9.18 EPS for the current fiscal year.
Advanced Energy Industries Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. Advanced Energy Industries's payout ratio is presently 7.46%.
Insiders Place Their Bets
In related news, COO Eduardo Bernal Acebedo sold 24,771 shares of the stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the completion of the sale, the chief operating officer directly owned 23,109 shares of the company's stock, valued at approximately $7,290,427.32. This trade represents a 51.74% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Elizabeth Karpinski Vonne sold 908 shares of the firm's stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total value of $302,073.44. Following the sale, the executive vice president directly owned 10,712 shares of the company's stock, valued at approximately $3,563,668.16. This represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 1.30% of the stock is owned by insiders.
Wall Street Analysts Forecast Growth
Several analysts recently commented on AEIS shares. Seaport Research Partners upgraded Advanced Energy Industries from a "neutral" rating to a "buy" rating and set a $410.00 target price on the stock in a report on Tuesday, August 4th. Susquehanna raised their price target on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the stock a "positive" rating in a report on Tuesday, June 30th. Weiss Ratings lowered shares of Advanced Energy Industries from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, May 29th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. Finally, Needham & Company LLC reissued a "buy" rating and set a $400.00 target price on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $409.50.
Read Our Latest Analysis on AEIS
Advanced Energy Industries Profile
(
Free Report)
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
Further Reading
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