Snyder Capital Management L P Sells 18,798 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Snyder Capital Management L P trimmed its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 4.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 435,751 shares of the electronics maker's stock after selling 18,798 shares during the period. Snyder Capital Management L P owned about 1.16% of Advanced Energy Industries worth $50,386,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Advanced Energy Industries by 4.2% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock valued at $53,204,000 after purchasing an additional 18,533 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Advanced Energy Industries in the 4th quarter valued at about $3,971,000. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Advanced Energy Industries by 10.2% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker's stock valued at $16,137,000 after purchasing an additional 12,860 shares in the last quarter. Amundi raised its holdings in shares of Advanced Energy Industries by 192.6% in the 4th quarter. Amundi now owns 19,405 shares of the electronics maker's stock valued at $2,303,000 after purchasing an additional 12,773 shares in the last quarter. Finally, Alpha DNA Investment Management LLC bought a new stake in shares of Advanced Energy Industries in the 4th quarter valued at about $487,000. 99.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on AEIS shares. StockNews.com lowered shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a report on Monday. Robert W. Baird reduced their price objective on shares of Advanced Energy Industries from $136.00 to $124.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Needham & Company LLC restated a "buy" rating and set a $145.00 price target on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Stifel Nicolaus upped their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the company a "buy" rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $125.22.

Insider Buying and Selling at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the company's stock in a transaction on 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 completion of the transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $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 can be accessed through this link. Also, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction 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 sale, the director now directly owns 3,492 shares in the company, valued at $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. 1.20% of the stock is owned by company insiders.

Advanced Energy Industries Trading Down 1.7 %

AEIS traded down $1.63 during trading hours on Wednesday, reaching $95.60. The company's stock had a trading volume of 117,640 shares, compared to its average volume of 256,008. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $132.16. The stock has a market cap of $3.62 billion, a PE ratio of 66.85, a P/E/G ratio of 1.39 and a beta of 1.47. The business's 50-day moving average is $99.82 and its 200-day moving average is $110.22. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing analysts' consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. As a group, equities research analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Investors of record on Saturday, May 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend is Friday, May 23rd. Advanced Energy Industries's dividend payout ratio (DPR) is presently 27.97%.

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.