Visionary Wealth Advisors Invests $1.33 Million in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Visionary Wealth Advisors bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 11,468 shares of the electronics maker's stock, valued at approximately $1,326,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in AEIS. Vanguard Group Inc. increased its holdings in shares of Advanced Energy Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker's stock worth $568,168,000 after acquiring an additional 69,908 shares in the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Advanced Energy Industries by 21.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock worth $89,565,000 after acquiring an additional 138,814 shares in the last quarter. Summit Partners Public Asset Management LLC bought a new stake in shares of Advanced Energy Industries in the fourth quarter worth about $71,494,000. Norges Bank bought a new stake in shares of Advanced Energy Industries in the fourth quarter worth about $68,949,000. Finally, Silvercrest Asset Management Group LLC bought a new stake in shares of Advanced Energy Industries in the fourth quarter worth about $58,393,000. Institutional investors own 99.67% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Robert W. Baird increased their price objective on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. StockNews.com upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Wells Fargo & Company decreased their price objective on 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. Needham & Company LLC decreased their price objective on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Finally, Citigroup raised their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $124.67.

Advanced Energy Industries Stock Performance

AEIS opened at $116.97 on Tuesday. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $132.16. The stock has a market cap of $4.40 billion, a price-to-earnings ratio of 81.80, a PEG ratio of 1.39 and a beta of 1.50. The business has a 50 day moving average of $99.68 and a 200-day moving average of $110.62. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 company had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. During the same period last year, the firm posted $0.58 earnings per share. The business's revenue was up 23.5% on a year-over-year basis. On average, equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Monday, May 26th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.40 annualized dividend and a yield of 0.34%. Advanced Energy Industries's payout ratio is currently 20.62%.

Insider Buying and Selling

In related news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now directly owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries 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 sale, the chief operating officer now directly owns 19,822 shares of the company's stock, valued at approximately $2,212,333.42. The trade was a 49.34% 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.

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.

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