Vestcor Inc Acquires New Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Key Points

• Vestcor Inc has established a new position in Advanced Energy Industries, acquiring 2,675 shares valued at approximately $255,000 in the first quarter.
• Advanced Energy Industries has announced a quarterly dividend of $0.10 per share, with an annualized yield of 0.3%, to be paid on September 5th.
• Advanced Energy Industries' stock price recently decreased by 0.7%, trading at $139.58, amidst a market capitalization of $5.26 billion.

Vestcor Inc acquired a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,675 shares of the electronics maker's stock, valued at approximately $255,000.

Several other large investors have also modified their holdings of the company. GSA Capital Partners LLP increased its position in shares of Advanced Energy Industries by 43.0% in the first quarter. GSA Capital Partners LLP now owns 7,610 shares of the electronics maker's stock valued at $725,000 after buying an additional 2,288 shares in the last quarter. Federated Hermes Inc. boosted its stake in Advanced Energy Industries by 5.8% in the 1st quarter. Federated Hermes Inc. now owns 40,964 shares of the electronics maker's stock worth $3,904,000 after buying an additional 2,244 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Advanced Energy Industries by 14.6% in the 1st quarter. LPL Financial LLC now owns 30,749 shares of the electronics maker's stock valued at $2,931,000 after purchasing an additional 3,911 shares in the last quarter. Homestead Advisers Corp lifted its stake in shares of Advanced Energy Industries by 15.0% in the 1st quarter. Homestead Advisers Corp now owns 59,662 shares of the electronics maker's stock valued at $5,686,000 after purchasing an additional 7,800 shares in the last quarter. Finally, Segall Bryant & Hamill LLC lifted its stake in shares of Advanced Energy Industries by 5.7% in the 1st quarter. Segall Bryant & Hamill LLC now owns 163,300 shares of the electronics maker's stock valued at $15,564,000 after purchasing an additional 8,852 shares in the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP John Donaghey sold 2,000 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $140.00, for a total value of $280,000.00. Following the completion of the sale, the executive vice president directly owned 11,029 shares in the company, valued at approximately $1,544,060. The trade was a 15.35% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paul R. Oldham sold 1,173 shares of the business's stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Benchmark lifted their price objective on Advanced Energy Industries from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday. KeyCorp raised their target price on Advanced Energy Industries from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Tuesday, July 15th. Robert W. Baird raised their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wall Street Zen upgraded Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Friday, June 27th. Finally, Stifel Nicolaus set a $150.00 target price on Advanced Energy Industries and gave the company a "buy" rating in a report on Monday. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Advanced Energy Industries currently has an average rating of "Moderate Buy" and an average price target of $138.90.

Advanced Energy Industries Stock Up 2.5%

AEIS stock traded up $3.71 during midday trading on Friday, hitting $150.21. 205,832 shares of the company's stock were exchanged, compared to its average volume of 345,577. The company has a current ratio of 4.09, a quick ratio of 3.28 and a debt-to-equity ratio of 0.45. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $152.23. The firm has a 50 day moving average price of $134.00 and a 200-day moving average price of $116.74. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 68.08, a price-to-earnings-growth ratio of 1.29 and a beta of 1.52.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Tuesday, August 5th. The electronics maker reported $1.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.22. Advanced Energy Industries had a return on equity of 12.38% and a net margin of 5.13%. The company had revenue of $441.50 million for the quarter, compared to the consensus estimate of $421.32 million. During the same period in the previous year, the business earned $0.85 EPS. Advanced Energy Industries's revenue for the quarter was up 21.0% compared to the same quarter last year. On average, analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 25th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date is Monday, August 25th. Advanced Energy Industries's payout ratio is 18.10%.

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.