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

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

A number of other institutional investors have also recently modified their holdings of the business. Sequoia Financial Advisors LLC increased its stake in Advanced Energy Industries by 9.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker's stock valued at $207,000 after purchasing an additional 187 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Advanced Energy Industries by 65.1% in the first quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker's stock worth $194,000 after acquiring an additional 801 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in Advanced Energy Industries during the first quarter valued at approximately $914,000. Vontobel Holding Ltd. raised its position in shares of Advanced Energy Industries by 13.9% during the 1st quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker's stock worth $607,000 after purchasing an additional 780 shares during the period. Finally, QRG Capital Management Inc. boosted its stake in Advanced Energy Industries by 6.7% during the 1st quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker's stock valued at $536,000 after purchasing an additional 355 shares in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded up $0.52 during midday trading on Friday, hitting $143.25. The company's stock had a trading volume of 239,254 shares, compared to its average volume of 287,801. The stock has a fifty day moving average price of $127.24 and a 200 day moving average price of $114.62. Advanced Energy Industries, Inc. has a one year low of $75.01 and a one year high of $144.54. The company has a current ratio of 4.43, a quick ratio of 3.28 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $5.39 billion, a price-to-earnings ratio of 73.84, a P/E/G ratio of 1.32 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.26. The business had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. Advanced Energy Industries's revenue was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.58 EPS. On average, research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

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

Insider Buying and Selling 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 on Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the completion of the transaction, the executive vice president directly owned 31,006 shares in the company, valued at approximately $4,070,777.74. This represents a 3.65% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 transaction, the executive vice president directly owned 11,029 shares of the company's stock, valued at $1,544,060. This represents a 15.35% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company increased their target price 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. Needham & Company LLC dropped their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Robert W. Baird upped their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Citigroup upped their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. 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 analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $130.20.

About Advanced Energy Industries

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.