Peregrine Capital Management LLC Takes $7.86 Million Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Peregrine Capital Management LLC acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 72,122 shares of the electronics maker's stock, valued at approximately $7,856,000. Peregrine Capital Management LLC owned approximately 0.19% of Advanced Energy Industries at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Moody Aldrich Partners LLC lifted its stake in Advanced Energy Industries by 130.4% during the 4th quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker's stock valued at $3,571,000 after acquiring an additional 18,561 shares in the last quarter. III Capital Management bought a new position in Advanced Energy Industries during the 3rd quarter valued at $897,000. Vaughan Nelson Investment Management L.P. increased its position in shares of Advanced Energy Industries by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker's stock valued at $45,991,000 after purchasing an additional 17,290 shares during the last quarter. Envestnet Asset Management Inc. increased its position in shares of Advanced Energy Industries by 61.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker's stock valued at $24,021,000 after purchasing an additional 88,267 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its position in shares of Advanced Energy Industries by 345.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 32,665 shares of the electronics maker's stock valued at $3,368,000 after purchasing an additional 25,333 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Stock Performance

AEIS traded down $4.23 during trading hours on Wednesday, hitting $96.52. The stock had a trading volume of 192,651 shares, compared to its average volume of 221,543. The company's fifty day simple moving average is $100.53 and its 200 day simple moving average is $99.75. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38. The stock has a market cap of $3.60 billion, a PE ratio of 28.39, a price-to-earnings-growth ratio of 3.47 and a beta of 1.55. 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 (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.10. The business had revenue of $405.27 million during the quarter, compared to analyst estimates of $407.66 million. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. Equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Monday, February 19th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend was Thursday, February 15th. Advanced Energy Industries's payout ratio is presently 11.76%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on AEIS. Wells Fargo & Company decreased their target price on Advanced Energy Industries from $108.00 to $97.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 7th. TheStreet raised Advanced Energy Industries from a "c+" rating to a "b-" rating in a research report on Thursday, December 21st. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Advanced Energy Industries currently has an average rating of "Hold" and a consensus target price 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.