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

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 that occurred on Friday, June 20th. The shares were sold at an average price of $131.29, for a total value of $154,003.17. Following the sale, the executive vice president now directly owns 31,006 shares in the company, valued at approximately $4,070,777.74. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Advanced Energy Industries Stock Performance

AEIS traded up $2.48 during mid-day trading on Tuesday, reaching $132.51. 333,218 shares of the company traded hands, compared to its average volume of 276,463. The stock has a market capitalization of $4.99 billion, a P/E ratio of 38.70, a P/E/G ratio of 1.19 and a beta of 1.50. The company has a quick ratio of 3.28, a current ratio of 4.43 and a debt-to-equity ratio of 0.46. The company's fifty day moving average price is $112.38 and its 200-day moving average price is $111.79. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $137.66.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, topping the consensus estimate 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 return on equity of 10.70% and a net margin of 4.73%. Advanced Energy Industries's revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.58 EPS. On average, sell-side analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Monday, May 26th were paid a $0.10 dividend. The ex-dividend date was Friday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.30%. Advanced Energy Industries's dividend payout ratio (DPR) is 20.62%.

Institutional Investors Weigh In On Advanced Energy Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Advanced Energy Industries in the 1st quarter worth $31,000. Russell Investments Group Ltd. increased its stake in Advanced Energy Industries by 61.6% in the 4th quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker's stock worth $41,000 after buying an additional 135 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Advanced Energy Industries during the 4th quarter valued at about $47,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in shares of Advanced Energy Industries during the 4th quarter valued at about $51,000. Finally, Advisors Asset Management Inc. boosted its holdings in shares of Advanced Energy Industries by 47.7% during the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker's stock valued at $51,000 after purchasing an additional 174 shares during the last quarter. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AEIS has been the topic of several research reports. Wall Street Zen raised Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Robert W. Baird lifted their price objective on Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. 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 research report on Thursday, May 1st. Needham & Company LLC dropped their price target on Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research report on Thursday, May 1st. Finally, Citigroup boosted their price target on Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research report on Monday, May 5th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $124.67.

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.

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