Short Interest in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Drops By 5.6%

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) saw a large decline in short interest during the month of March. As of March 31st, there was short interest totalling 2,680,000 shares, a decline of 5.6% from the March 15th total of 2,840,000 shares. Approximately 7.3% of the shares of the stock are sold short. Based on an average daily volume of 221,500 shares, the short-interest ratio is presently 12.1 days.

Advanced Energy Industries Trading Up 0.1 %

Shares of Advanced Energy Industries stock traded up $0.10 during trading on Tuesday, hitting $94.95. The stock had a trading volume of 123,640 shares, compared to its average volume of 216,568. The stock has a 50 day simple moving average of $99.78 and a 200 day simple moving average of $99.61. The company has a market capitalization of $3.54 billion, a PE ratio of 27.93, a P/E/G ratio of 3.38 and a beta of 1.56. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78. Advanced Energy Industries has a 1 year low of $81.86 and a 1 year high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.10. The business had revenue of $405.27 million for the quarter, compared to the consensus estimate of $407.66 million. Advanced Energy Industries had a net margin of 7.75% and a return on equity of 14.32%. On average, research analysts expect that Advanced Energy Industries will post 2.88 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date was Thursday, February 15th. Advanced Energy Industries's payout ratio is presently 11.76%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AEIS. Rise Advisors LLC purchased a new position in Advanced Energy Industries during the first quarter valued at approximately $25,000. Point72 Middle East FZE purchased a new position in Advanced Energy Industries during the fourth quarter valued at approximately $29,000. Parallel Advisors LLC grew its position in Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker's stock valued at $38,000 after purchasing an additional 154 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in Advanced Energy Industries during the third quarter valued at approximately $48,000. Finally, Tower Research Capital LLC TRC grew its position in Advanced Energy Industries by 193.5% during the first quarter. Tower Research Capital LLC TRC now owns 499 shares of the electronics maker's stock valued at $49,000 after purchasing an additional 329 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AEIS has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of Advanced Energy Industries from $108.00 to $97.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 7th. TheStreet raised shares of Advanced Energy Industries from a "c+" rating to a "b-" rating in a research note on Thursday, December 21st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Advanced Energy Industries has an average rating of "Hold" and a consensus price target of $115.14.

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.