Visionary Wealth Advisors Buys Shares of 11,468 Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Visionary Wealth Advisors acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 11,468 shares of the electronics maker's stock, valued at approximately $1,326,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its position in Advanced Energy Industries by 1.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker's stock valued at $579,000 after purchasing an additional 85 shares during the period. Summit Investment Advisors Inc. lifted its position in Advanced Energy Industries by 3.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker's stock valued at $453,000 after purchasing an additional 124 shares during the period. Russell Investments Group Ltd. lifted its position in Advanced Energy Industries by 61.6% during the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares during the period. Principal Securities Inc. lifted its position in Advanced Energy Industries by 16.1% during the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock valued at $114,000 after purchasing an additional 137 shares during the period. Finally, Arizona State Retirement System lifted its position in Advanced Energy Industries by 1.3% during the fourth quarter. Arizona State Retirement System now owns 10,926 shares of the electronics maker's stock valued at $1,263,000 after purchasing an additional 144 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on AEIS shares. Robert W. Baird boosted their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Stifel Nicolaus reaffirmed a "buy" rating and issued a $130.00 price objective (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Wells Fargo & Company cut 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. Citigroup lifted 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, Needham & Company LLC cut 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. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $124.67.

Insider Transactions at Advanced Energy Industries

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction 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. The trade was a 49.34% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company's stock.

Advanced Energy Industries Price Performance

Shares of AEIS stock traded down $2.07 on Friday, reaching $113.87. 169,742 shares of the company were exchanged, compared to its average volume of 266,244. The company has a market cap of $4.29 billion, a price-to-earnings ratio of 79.63, a P/E/G ratio of 1.39 and a beta of 1.50. The business has a 50-day moving average price of $100.56 and a 200 day moving average price of $110.72. The company has a debt-to-equity ratio of 0.47, a quick ratio of 3.27 and a current ratio of 4.42. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16.

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

Advanced Energy Industries Announces Dividend

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 paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. Advanced Energy Industries's dividend 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.