Charles Schwab Investment Management Inc. Has $44.58 Million Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 409,261 shares of the electronics maker's stock after acquiring an additional 13,377 shares during the period. Charles Schwab Investment Management Inc. owned 1.10% of Advanced Energy Industries worth $44,577,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Peregrine Capital Management LLC acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth $7,856,000. Moody Aldrich Partners LLC lifted its holdings in Advanced Energy Industries by 130.4% in the fourth 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 during the period. III Capital Management purchased a new stake in shares of Advanced Energy Industries during the 3rd quarter worth $897,000. Vaughan Nelson Investment Management L.P. grew its stake 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 worth $45,991,000 after purchasing an additional 17,290 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Advanced Energy Industries by 61.0% in 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 in the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on AEIS shares. StockNews.com lowered shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a research report on Thursday, May 2nd. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $108.00 to $97.00 and set an "equal weight" rating for the company in a report on Wednesday, February 7th. Needham & Company LLC reissued a "hold" rating on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Benchmark reaffirmed a "buy" rating and set a $117.00 price target on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. Finally, Susquehanna decreased their price objective on shares of Advanced Energy Industries from $95.00 to $90.00 and set a "neutral" rating on the stock in a research report on Thursday, May 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Advanced Energy Industries has a consensus rating of "Hold" and an average target price of $108.86.

Advanced Energy Industries Trading Up 0.2 %

Shares of NASDAQ:AEIS traded up $0.17 during trading on Friday, reaching $105.63. The stock had a trading volume of 111,240 shares, compared to its average volume of 209,173. Advanced Energy Industries, Inc. has a fifty-two week low of $81.86 and a fifty-two week high of $126.38. The business has a fifty day moving average price of $98.12 and a 200-day moving average price of $100.20. The stock has a market cap of $3.95 billion, a P/E ratio of 38.83, a PEG ratio of 4.15 and a beta of 1.54. The company has a quick ratio of 4.40, a current ratio of 5.61 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share for the quarter, missing analysts' consensus estimates of $0.67 by ($0.09). The business had revenue of $327.50 million for the quarter, compared to analysts' expectations of $351.74 million. Advanced Energy Industries had a return on equity of 11.65% and a net margin of 6.58%. The company's revenue for the quarter was down 22.9% compared to the same quarter last year. During the same period in the prior year, the company earned $1.10 EPS. As a group, analysts anticipate that Advanced Energy Industries, Inc. will post 2.57 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 27th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.38%. Advanced Energy Industries's payout ratio is currently 14.71%.

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.