Tema Etfs LLC Invests $408,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Tema Etfs LLC purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,528 shares of the electronics maker's stock, valued at approximately $408,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. boosted its holdings in shares of Advanced Energy Industries by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock valued at $53,204,000 after buying an additional 18,533 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Advanced Energy Industries during the fourth quarter worth $3,971,000. Fort Washington Investment Advisors Inc. OH lifted its stake in Advanced Energy Industries by 10.2% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker's stock valued at $16,137,000 after acquiring an additional 12,860 shares during the last quarter. Amundi lifted its stake in Advanced Energy Industries by 192.6% in the fourth quarter. Amundi now owns 19,405 shares of the electronics maker's stock valued at $2,303,000 after acquiring an additional 12,773 shares during the last quarter. Finally, Alpha DNA Investment Management LLC bought a new position in shares of Advanced Energy Industries in the 4th quarter valued at about $487,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS traded down $2.07 during mid-day trading on Friday, hitting $113.87. 169,742 shares of the stock were exchanged, compared to its average volume of 266,244. The stock has a market capitalization of $4.29 billion, a price-to-earnings ratio of 79.63, a price-to-earnings-growth ratio of 1.39 and a beta of 1.50. The firm's 50-day simple moving average is $100.56 and its 200 day simple moving average is $110.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.26. The firm 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 8.90% and a net margin of 3.66%. The company's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.58 EPS. As a group, equities analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Monday, May 26th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date is Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is 20.62%.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at $2,212,333.42. The trade was a 49.34% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.20% of the company's stock.

Wall Street Analysts Forecast Growth

AEIS has been the topic of a number of research analyst reports. Stifel Nicolaus reaffirmed a "buy" rating and issued a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Needham & Company LLC lowered their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Citigroup raised their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research report on Monday, May 5th. Robert W. Baird lifted their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $124.67.

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.