Walleye Capital LLC Decreases Holdings in Advanced Energy Industries, Inc. $AEIS

Key Points

• Walleye Capital LLC decreased its holdings in Advanced Energy Industries by 38.3%, reducing their position to 4,259 shares worth $406,000 as of Q1 2023.
• Institutional investors collectively own 99.67% of Advanced Energy Industries, with notable increases in holdings from firms like Stifel Financial Corp and Northern Trust Corp.
• Several analysts have set an average price target of $140.90 for Advanced Energy Industries, which has been rated as "Moderate Buy" by analysts, indicating positive growth potential.

Walleye Capital LLC decreased its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 38.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,259 shares of the electronics maker's stock after selling 2,641 shares during the quarter. Walleye Capital LLC's holdings in Advanced Energy Industries were worth $406,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of AEIS. Stifel Financial Corp boosted its stake in shares of Advanced Energy Industries by 2.6% during the 4th quarter. Stifel Financial Corp now owns 11,036 shares of the electronics maker's stock worth $1,276,000 after acquiring an additional 284 shares in the last quarter. Northern Trust Corp boosted its stake in shares of Advanced Energy Industries by 13.3% during the 4th quarter. Northern Trust Corp now owns 457,759 shares of the electronics maker's stock worth $52,931,000 after acquiring an additional 53,692 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Advanced Energy Industries during the 4th quarter worth approximately $623,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $335,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Advanced Energy Industries during the 4th quarter worth approximately $218,000. Hedge funds and other institutional investors own 99.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Stifel Nicolaus set a $150.00 price objective on Advanced Energy Industries and gave the stock a "buy" rating in a research report on Monday, August 4th. KeyCorp lifted their price objective on Advanced Energy Industries from $160.00 to $180.00 and gave the stock an "overweight" rating in a research report on Wednesday, August 27th. TD Cowen lifted their price objective on Advanced Energy Industries from $118.00 to $140.00 and gave the stock a "hold" rating in a research report on Wednesday, August 6th. Zacks Research upgraded Advanced Energy Industries to a "hold" rating in a research report on Tuesday, August 12th. Finally, Wells Fargo & Company lifted their price objective on Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $140.90.

Advanced Energy Industries Trading Down 2.8%

Shares of AEIS opened at $145.49 on Wednesday. The stock has a fifty day moving average of $144.29 and a two-hundred day moving average of $121.26. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.97 and a current ratio of 4.09. The company has a market capitalization of $5.49 billion, a PE ratio of 65.83, a price-to-earnings-growth ratio of 1.22 and a beta of 1.57. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $163.07.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The electronics maker reported $1.50 earnings per share for the quarter, beating the consensus estimate of $1.28 by $0.22. The company had revenue of $441.50 million during the quarter, compared to the consensus estimate of $421.32 million. Advanced Energy Industries had a return on equity of 12.38% and a net margin of 5.13%.Advanced Energy Industries's revenue was up 21.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. Advanced Energy Industries has set its Q3 2025 guidance at 1.200-1.700 EPS. As a group, analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 5th. Stockholders of record on Monday, August 25th will be issued a dividend of $0.10 per share. 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 dividend payout ratio is presently 18.10%.

Insiders Place Their Bets

In other news, EVP Paul R. Oldham sold 1,173 shares of the company's stock in a transaction on Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the completion of the sale, the executive vice president directly owned 31,006 shares in the company, valued at $4,070,777.74. This represents a 3.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP John Donaghey sold 1,000 shares of the company's stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $160.73, for a total value of $160,730.00. Following the sale, the executive vice president owned 10,029 shares of the company's stock, valued at approximately $1,611,961.17. The trade was a 9.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 4,173 shares of company stock valued at $594,733. Insiders own 1.20% of the company's stock.

About Advanced Energy Industries

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.

Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.