Teacher Retirement System of Texas purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 9,593 shares of the electronics maker's stock, valued at approximately $914,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Vontobel Holding Ltd. lifted its holdings in Advanced Energy Industries by 13.9% in 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 last quarter. Peregrine Capital Management LLC increased its position in Advanced Energy Industries by 3.4% in the 1st quarter. Peregrine Capital Management LLC now owns 90,704 shares of the electronics maker's stock worth $8,645,000 after buying an additional 2,972 shares during the period. Illinois Municipal Retirement Fund grew its holdings in shares of Advanced Energy Industries by 4.7% during the 1st quarter. Illinois Municipal Retirement Fund now owns 20,575 shares of the electronics maker's stock worth $1,961,000 after purchasing an additional 924 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Advanced Energy Industries by 9.4% during the 1st quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker's stock worth $207,000 after purchasing an additional 187 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in shares of Advanced Energy Industries by 3.9% during the 1st quarter. Sheets Smith Wealth Management now owns 7,403 shares of the electronics maker's stock worth $706,000 after purchasing an additional 276 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on the company. KeyCorp reissued an "overweight" rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Wall Street Zen raised Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Needham & Company LLC decreased 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. Citigroup boosted their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Finally, Robert W. Baird boosted their price target on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Three equities research 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 company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $126.89.
Read Our Latest Analysis on AEIS
Advanced Energy Industries Price Performance
Shares of AEIS stock opened at $141.48 on Tuesday. The stock's fifty day moving average is $124.12 and its 200-day moving average is $113.72. The company has a debt-to-equity ratio of 0.46, a quick ratio of 3.28 and a current ratio of 4.43. The stock has a market capitalization of $5.33 billion, a PE ratio of 72.93, a PEG ratio of 1.29 and a beta of 1.52. Advanced Energy Industries, Inc. has a 52 week low of $75.01 and a 52 week high of $144.54.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, topping the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million for 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%. The business's revenue for the quarter was up 23.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.58 earnings per share. Equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.
Advanced Energy Industries Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, June 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.28%. Advanced Energy Industries's payout ratio is currently 20.62%.
Insiders Place Their Bets
In other news, EVP Paul R. Oldham sold 1,173 shares of the business'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 owned 31,006 shares in the company, valued at $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP John Donaghey sold 2,000 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the sale, the executive vice president owned 11,029 shares of the company's stock, valued at approximately $1,544,060. The trade was a 15.35% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.20% of the company's stock.
Advanced Energy Industries Company Profile
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Free Report)
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.
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