Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 81.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,649 shares of the electronics maker's stock after selling 483,539 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.28% of Advanced Energy Industries worth $12,332,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AEIS. Russell Investments Group Ltd. increased its stake in shares of 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 purchasing an additional 135 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new position in Advanced Energy Industries in the 4th quarter worth $51,000. Venturi Wealth Management LLC bought a new position in Advanced Energy Industries in the 4th quarter worth $74,000. Blue Trust Inc. boosted its holdings in Advanced Energy Industries by 26.3% in the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock worth $108,000 after buying an additional 213 shares during the period. Finally, Principal Securities Inc. boosted its holdings in Advanced Energy Industries by 16.1% in the 4th quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock worth $114,000 after buying an additional 137 shares during the period. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Advanced Energy Industries

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. This represents a 49.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.20% of the company's stock.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS traded down $2.19 during trading on Friday, reaching $114.07. 337,135 shares of the company traded hands, compared to its average volume of 267,743. The firm's fifty day simple moving average is $101.45 and its 200 day simple moving average is $110.71. The stock has a market cap of $4.30 billion, a P/E ratio of 79.77, a PEG ratio of 1.39 and a beta of 1.50. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The firm had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. During the same quarter in the previous year, the business earned $0.58 EPS. Advanced Energy Industries's revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Monday, May 26th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date is Friday, May 23rd. Advanced Energy Industries's dividend payout ratio is currently 20.62%.

Wall Street Analyst Weigh In

AEIS has been the subject of several research reports. Wall Street Zen raised shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Needham & Company LLC dropped their price objective on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Robert W. Baird increased their price objective on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Citigroup increased their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. Finally, Wells Fargo & Company dropped their price objective on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a report on Thursday, February 13th. Four equities research 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. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $124.67.

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.