Advanced Energy Industries, Inc. (NASDAQ:AEIS) EVP John Donaghey Sells 1,000 Shares

Key Points

• John Donaghey, the Executive Vice President of Advanced Energy Industries, sold 1,000 shares at an average price of $160.73, resulting in a total sale value of $160,730.
• Advanced Energy Industries reported earnings per share (EPS) of $1.50 for the quarter, exceeding expectations and reflecting a 21% year-over-year revenue increase.
• The company also announced a quarterly dividend of $0.10 per share, with a payout ratio of 18.10% and a dividend yield of 0.2%.

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) EVP John Donaghey sold 1,000 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $160.73, for a total transaction of $160,730.00. Following the transaction, the executive vice president owned 10,029 shares in the company, valued at approximately $1,611,961.17. The trade was a 9.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

John Donaghey also recently made the following trade(s):

• On Wednesday, July 9th, John Donaghey sold 2,000 shares of Advanced Energy Industries stock. The stock was sold at an average price of $140.00, for a total transaction of $280,000.00.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock traded up $2.12 during trading on Monday, hitting $153.52. 140,145 shares of the company's stock were exchanged, compared to its average volume of 358,208. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $163.07. 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 stock has a market capitalization of $5.79 billion, a price-to-earnings ratio of 69.40, a PEG ratio of 1.23 and a beta of 1.52. The business has a 50-day simple moving average of $138.55 and a 200-day simple moving average of $118.22.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced 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 analysts' expectations 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 quarterly revenue was up 21.0% on a year-over-year basis. During the same period last year, the business earned $0.85 earnings per share. On average, research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

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

Institutional Trading of Advanced Energy Industries

Institutional investors and hedge funds have recently made changes to their positions in the business. Summit Partners Public Asset Management LLC acquired a new stake in Advanced Energy Industries in the 4th quarter valued at $71,494,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth about $58,393,000. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the second quarter worth about $58,766,000. Franklin Resources Inc. acquired a new position in shares of Advanced Energy Industries during the 2nd quarter worth about $30,687,000. Finally, GAMMA Investing LLC boosted its holdings in Advanced Energy Industries by 15,632.7% in the 1st quarter. GAMMA Investing LLC now owns 193,670 shares of the electronics maker's stock worth $18,459,000 after buying an additional 192,439 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have issued reports on AEIS. Needham & Company LLC increased their target price on Advanced Energy Industries from $135.00 to $155.00 and gave the company a "buy" rating in a research report on Wednesday, August 6th. Benchmark lifted their target price on Advanced Energy Industries from $130.00 to $150.00 and gave the company a "buy" rating in a research note on Wednesday, August 6th. Wall Street Zen upgraded shares of Advanced Energy Industries from a "buy" rating to a "strong-buy" rating in a report on Saturday, August 9th. KeyCorp boosted their price objective on shares of Advanced Energy Industries from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Tuesday, July 15th. Finally, Wells Fargo & Company raised their target price on shares of Advanced Energy Industries from $110.00 to $130.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned 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 $138.90.

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.