Silvercrest Asset Management Group LLC Purchases Shares of 505,001 Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Silvercrest Asset Management Group LLC purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 505,001 shares of the electronics maker's stock, valued at approximately $58,393,000. Silvercrest Asset Management Group LLC owned about 1.34% of Advanced Energy Industries at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AEIS. Norges Bank purchased a new position in Advanced Energy Industries in the fourth quarter valued at approximately $68,949,000. The Manufacturers Life Insurance Company grew its position in shares of Advanced Energy Industries by 21.8% in the 4th quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker's stock valued at $89,565,000 after buying an additional 138,814 shares during the last quarter. Sora Investors LLC raised its stake in Advanced Energy Industries by 193.6% during the 4th quarter. Sora Investors LLC now owns 132,114 shares of the electronics maker's stock worth $15,276,000 after acquiring an additional 87,114 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Advanced Energy Industries in the fourth quarter valued at $9,864,000. Finally, Southernsun Asset Management LLC lifted its position in Advanced Energy Industries by 240.5% in the fourth quarter. Southernsun Asset Management LLC now owns 115,668 shares of the electronics maker's stock valued at $13,375,000 after acquiring an additional 81,697 shares during the last quarter. 99.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the sale, the chief operating officer now owns 19,822 shares of the company's stock, valued at $2,212,333.42. This represents a 49.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the firm's stock in a transaction that occurred on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the transaction, the director now directly owns 3,492 shares of the company's stock, valued at approximately $451,760.04. This trade represents a 31.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on AEIS shares. Citigroup boosted their target price on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a report on Monday, May 5th. StockNews.com upgraded shares of Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Wells Fargo & Company decreased their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating for the company in a research note on Thursday, February 13th. Robert W. Baird increased their target price on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus reissued a "buy" rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $124.67.

Advanced Energy Industries Price Performance

Shares of AEIS opened at $118.76 on Friday. The firm has a market capitalization of $4.47 billion, a PE ratio of 83.05, a P/E/G ratio of 1.39 and a beta of 1.50. The stock's 50 day moving average is $99.16 and its two-hundred day moving average is $110.49. Advanced Energy Industries, Inc. has a twelve month low of $75.01 and a twelve month high of $132.16. 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 released its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The firm had revenue of $404.60 million during the quarter, compared to analysts' expectations of $392.36 million. During the same quarter in the prior year, the business posted $0.58 earnings per share. Advanced Energy Industries's revenue was up 23.5% compared to the same quarter last year. Research analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

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

Advanced Energy Industries 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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