The Manufacturers Life Insurance Company bought a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 445,629 shares of the electronics maker's stock, valued at approximately $166,162,000. The Manufacturers Life Insurance Company owned approximately 1.11% of Advanced Energy Industries as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of AEIS. Visionary Wealth Advisors acquired a new stake in Advanced Energy Industries in the 2nd quarter valued at about $4,291,000. Algert Global LLC raised its holdings in shares of Advanced Energy Industries by 163.3% in the 2nd quarter. Algert Global LLC now owns 31,460 shares of the electronics maker's stock worth $11,730,000 after purchasing an additional 19,510 shares in the last quarter. Maxi Investments CY Ltd acquired a new stake in Advanced Energy Industries during the second quarter valued at approximately $584,000. OMERS ADMINISTRATION Corp acquired a new stake in Advanced Energy Industries during the second quarter valued at approximately $11,559,000. Finally, Polymer Capital Management HK LTD bought a new stake in Advanced Energy Industries during the second quarter worth approximately $5,265,000. 99.67% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
AEIS has been the subject of a number of recent research reports. KeyCorp increased their price objective on Advanced Energy Industries from $375.00 to $415.00 and gave the company an "overweight" rating in a research report on Tuesday, May 5th. Zacks Research raised Advanced Energy Industries from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Cantor Fitzgerald reiterated an "overweight" rating on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. TD Cowen boosted their price objective on Advanced Energy Industries from $350.00 to $370.00 and gave the stock a "hold" rating in a report on Tuesday, August 4th. Finally, Robert W. Baird raised their target price on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the stock an "outperform" rating in a report on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $409.50.
Check Out Our Latest Research Report on Advanced Energy Industries
Advanced Energy Industries Price Performance
Shares of AEIS opened at $274.67 on Tuesday. The firm has a market cap of $11.00 billion, a PE ratio of 51.24 and a beta of 1.29. The firm's 50 day moving average price is $318.75 and its 200 day moving average price is $326.92. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. Advanced Energy Industries, Inc. has a twelve month low of $144.09 and a twelve month high of $397.44.
Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Monday, August 3rd. The electronics maker reported $2.74 EPS for the quarter, topping the consensus estimate of $2.21 by $0.53. The company had revenue of $574.10 million during the quarter, compared to the consensus estimate of $544.41 million. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The company's revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.50 earnings per share. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. As a group, research analysts expect that Advanced Energy Industries, Inc. will post 9.18 EPS for the current fiscal year.
Advanced Energy Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th. Advanced Energy Industries's dividend payout ratio is presently 7.46%.
Insider Activity
In related news, EVP Elizabeth Karpinski Vonne sold 908 shares of the business's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total value of $302,073.44. Following the completion of the sale, the executive vice president directly owned 10,712 shares in the company, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Eduardo Bernal Acebedo sold 24,771 shares of the company's stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total value of $7,814,755.08. Following the sale, the chief operating officer directly owned 23,109 shares of the company's stock, valued at $7,290,427.32. The trade was a 51.74% decrease in their position. The SEC filing for this sale provides additional information. 1.30% of the stock is owned by company insiders.
About Advanced Energy Industries
(
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.
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