Advanced Energy Industries, Inc. (NASDAQ:AEIS) EVP Paul R. Oldham Sells 1,173 Shares

Advanced Energy Industries, Inc. (NASDAQ:AEIS - Get Free Report) EVP Paul R. Oldham sold 1,173 shares of Advanced Energy Industries stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $131.29, for a total transaction of $154,003.17. Following the completion of the transaction, the executive vice president now directly owns 31,006 shares of the company's stock, valued at $4,070,777.74. This trade represents a 3.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Advanced Energy Industries Price Performance

NASDAQ AEIS traded down $1.90 during trading on Friday, hitting $131.94. 274,722 shares of the stock traded hands, compared to its average volume of 278,819. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $136.49. The firm has a 50-day simple moving average of $115.14 and a 200-day simple moving average of $112.19. The company has a market capitalization of $4.97 billion, a P/E ratio of 68.19, a price-to-earnings-growth ratio of 1.22 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.97 by $0.26. The firm had revenue of $404.60 million during the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a net margin of 4.73% and a return on equity of 10.70%. Advanced Energy Industries's revenue for the quarter was up 23.5% compared to the same quarter last year. During the same period last year, the firm posted $0.58 earnings per share. As a group, analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 6th. Investors of record on Monday, May 26th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.30%. The ex-dividend date was Friday, May 23rd. Advanced Energy Industries's payout ratio is 20.62%.

Analysts Set New Price Targets

Several brokerages recently weighed in on AEIS. Needham & Company LLC dropped their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a report on Thursday, May 1st. Wall Street Zen raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research note on Tuesday, May 6th. Wells Fargo & Company increased their target price on Advanced Energy Industries from $110.00 to $130.00 and gave the stock an "equal weight" rating in a research report on Friday. Stifel Nicolaus reissued a "buy" rating and issued a $130.00 price target (down from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Finally, Robert W. Baird upped their price target on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $126.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Inspire Investing LLC lifted its stake in shares of Advanced Energy Industries by 3.9% in the 1st quarter. Inspire Investing LLC now owns 3,590 shares of the electronics maker's stock valued at $342,000 after purchasing an additional 136 shares during the last quarter. Rhumbline Advisers grew its position in shares of Advanced Energy Industries by 1.0% during the 1st quarter. Rhumbline Advisers now owns 109,458 shares of the electronics maker's stock worth $10,432,000 after buying an additional 1,131 shares in the last quarter. Strs Ohio purchased a new position in shares of Advanced Energy Industries during the first quarter valued at $248,000. Intech Investment Management LLC raised its holdings in shares of Advanced Energy Industries by 52.4% in the first quarter. Intech Investment Management LLC now owns 19,122 shares of the electronics maker's stock valued at $1,823,000 after acquiring an additional 6,572 shares in the last quarter. Finally, Bayforest Capital Ltd grew its position in shares of Advanced Energy Industries by 257.1% in the 1st quarter. Bayforest Capital Ltd now owns 3,850 shares of the electronics maker's stock worth $367,000 after buying an additional 2,772 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company's stock.

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.