Tributary Capital Management LLC Lowers Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Tributary Capital Management LLC cut its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 3.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 180,508 shares of the electronics maker's stock after selling 6,533 shares during the quarter. Tributary Capital Management LLC owned 0.48% of Advanced Energy Industries worth $17,204,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AEIS. Raymond James Financial Inc. purchased a new position in shares of Advanced Energy Industries in the fourth quarter worth $9,864,000. Sequoia Financial Advisors LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter valued at $229,000. Swiss National Bank raised its holdings in Advanced Energy Industries by 1.4% in the fourth quarter. Swiss National Bank now owns 74,100 shares of the electronics maker's stock worth $8,568,000 after purchasing an additional 1,000 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in Advanced Energy Industries by 2.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 9,629 shares of the electronics maker's stock worth $1,113,000 after buying an additional 206 shares during the period. Finally, Natixis Advisors LLC grew its stake in shares of Advanced Energy Industries by 21.2% during the 4th quarter. Natixis Advisors LLC now owns 26,638 shares of the electronics maker's stock worth $3,080,000 after purchasing an additional 4,666 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AEIS has been the topic of several research reports. 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 target price on 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. Wells Fargo & Company boosted their price objective 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. Citigroup boosted their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Finally, Robert W. Baird boosted their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $130.20.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, EVP John Donaghey sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, July 9th. The shares were sold at an average price of $140.00, for a total transaction of $280,000.00. Following the completion of the sale, the executive vice president directly owned 11,029 shares of the company's stock, valued at approximately $1,544,060. This represents a 15.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paul R. Oldham sold 1,173 shares of the stock in a transaction on Friday, June 20th. The shares were sold at an average price of $131.29, for a total transaction of $154,003.17. Following the transaction, the executive vice president 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 disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Advanced Energy Industries Stock Up 0.4%

NASDAQ:AEIS traded up $0.52 on Friday, hitting $143.25. The stock had a trading volume of 239,254 shares, compared to its average volume of 287,801. 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 cap of $5.39 billion, a P/E ratio of 73.84, a price-to-earnings-growth ratio of 1.32 and a beta of 1.52. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $144.54. The firm's fifty day simple moving average is $127.24 and its two-hundred day simple moving average is $114.62.

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 the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. The firm had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. During the same period last year, the firm earned $0.58 EPS. The business's quarterly revenue was up 23.5% compared to the same quarter last year. Analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

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

Advanced Energy Industries 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.