NorthRock Partners LLC Takes Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

NorthRock Partners LLC acquired a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 6,893 shares of the electronics maker's stock, valued at approximately $797,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Russell Investments Group Ltd. lifted its holdings in Advanced Energy Industries by 61.6% during the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock valued at $41,000 after purchasing an additional 135 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC bought a new stake in Advanced Energy Industries during the fourth quarter worth $51,000. Venturi Wealth Management LLC bought a new position in shares of Advanced Energy Industries in the 4th quarter valued at $74,000. Blue Trust Inc. raised its holdings in shares of Advanced Energy Industries by 26.3% during the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock worth $108,000 after buying an additional 213 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker's stock valued at $114,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company's stock.

Wall Street Analyst Weigh In

AEIS has been the topic of several research reports. Wells Fargo & Company reduced their price target on Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a report on Thursday, February 13th. Robert W. Baird lifted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Needham & Company LLC lowered their target price on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday, May 1st. Stifel Nicolaus reiterated a "buy" rating and issued a $130.00 price objective (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Finally, Citigroup increased their target price on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Advanced Energy Industries currently has an average rating of "Moderate Buy" and an average price target of $124.67.

Advanced Energy Industries Stock Up 0.1%

Shares of NASDAQ:AEIS traded up $0.17 during mid-day trading on Wednesday, hitting $118.79. 29,073 shares of the company traded hands, compared to its average volume of 264,734. The stock has a 50-day moving average price of $100.02 and a two-hundred day moving average price of $110.68. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $132.16. The stock has a market cap of $4.47 billion, a P/E ratio of 83.08, a P/E/G ratio of 1.39 and a beta of 1.50. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. The company had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Advanced Energy Industries's revenue was up 23.5% on a year-over-year basis. During the same period last year, the business posted $0.58 earnings per share. On average, equities research analysts forecast that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Monday, May 26th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.34%. Advanced Energy Industries's payout ratio is 20.62%.

Insider Buying and Selling

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares in the company, valued at $2,212,333.42. The trade was a 49.34% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.20% of the stock is currently owned by insiders.

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.