Transcend Capital Advisors LLC Trims Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Transcend Capital Advisors LLC trimmed its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 64.7% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 4,634 shares of the electronics maker's stock after selling 8,500 shares during the quarter. Transcend Capital Advisors LLC's holdings in Advanced Energy Industries were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its holdings in Advanced Energy Industries by 61.6% in 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 bought a new position in shares of Advanced Energy Industries during the fourth quarter valued at approximately $47,000. Kayne Anderson Rudnick Investment Management LLC purchased a new stake in Advanced Energy Industries in the fourth quarter worth $51,000. Fifth Third Bancorp boosted its holdings in Advanced Energy Industries by 71.5% in the first quarter. Fifth Third Bancorp now owns 559 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 233 shares in the last quarter. Finally, Versant Capital Management Inc increased its position in Advanced Energy Industries by 385.6% during the 1st quarter. Versant Capital Management Inc now owns 1,049 shares of the electronics maker's stock valued at $100,000 after purchasing an additional 833 shares during the period. Hedge funds and other institutional investors own 99.67% of the company's stock.

Advanced Energy Industries Price Performance

AEIS stock traded up $0.48 during mid-day trading on Thursday, hitting $138.03. The company had a trading volume of 157,376 shares, compared to its average volume of 279,516. The company has a market capitalization of $5.20 billion, a price-to-earnings ratio of 71.15, a P/E/G ratio of 1.23 and a beta of 1.52. The company has a 50-day moving average price of $118.81 and a 200 day moving average price of $112.65. 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, Inc. has a 12-month low of $75.01 and a 12-month high of $139.31.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced 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. Advanced Energy Industries had a return on equity of 10.70% and a net margin of 4.73%. The company had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. During the same period in the prior year, the company earned $0.58 earnings per share. The firm's revenue was up 23.5% on a year-over-year basis. On average, research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm 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 annualized dividend and a yield of 0.29%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries's dividend payout ratio is presently 20.62%.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries 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 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 filing with the SEC, which is available at this link. 1.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

AEIS has been the topic of several research reports. Needham & Company LLC cut their price objective 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. Wells Fargo & Company lifted their price target on Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. Wall Street Zen raised Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 27th. Citigroup increased their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a report on Monday, May 5th. Finally, KeyCorp restated an "overweight" rating on shares of Advanced Energy Industries in a report on Wednesday, June 25th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $126.89.

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.