Segall Bryant & Hamill LLC Increases Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Segall Bryant & Hamill LLC increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 5.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 163,300 shares of the electronics maker's stock after buying an additional 8,852 shares during the period. Segall Bryant & Hamill LLC owned about 0.43% of Advanced Energy Industries worth $15,564,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in AEIS. Russell Investments Group Ltd. boosted 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 worth $41,000 after buying an additional 135 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in Advanced Energy Industries during the 4th quarter valued at approximately $47,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in Advanced Energy Industries during the 4th quarter valued at approximately $51,000. Fifth Third Bancorp increased 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 purchasing an additional 233 shares during the period. Finally, DekaBank Deutsche Girozentrale acquired a new stake in Advanced Energy Industries during the 1st quarter valued at approximately $78,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Paul R. Oldham sold 1,173 shares of the firm'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 completion of the sale, the executive vice president directly owned 31,006 shares of the company's stock, valued at $4,070,777.74. This trade represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP John Donaghey sold 2,000 shares of the firm's stock in a transaction on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total value of $280,000.00. Following the sale, the executive vice president directly owned 11,029 shares of the company's stock, valued at approximately $1,544,060. This represents a 15.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

AEIS has been the subject of a number of recent analyst reports. Robert W. Baird increased their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. KeyCorp increased their target price on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Tuesday. Wall Street Zen raised shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 27th. Stifel Nicolaus reissued a "buy" rating and set a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Finally, Citigroup increased their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $130.20.

Advanced Energy Industries Stock Up 0.4%

NASDAQ AEIS traded up $0.52 on Friday, reaching $143.25. The company had a trading volume of 239,254 shares, compared to its average volume of 286,673. The stock has a market capitalization of $5.39 billion, a P/E ratio of 73.84, a P/E/G ratio of 1.28 and a beta of 1.52. The company's fifty day moving average is $126.62 and its 200 day moving average is $114.44. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $144.54. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released 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 business had revenue of $404.60 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 23.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.58 EPS. Sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis 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 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.