State of Tennessee Department of Treasury Reduces Stock Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

State of Tennessee Department of Treasury lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,222 shares of the electronics maker's stock after selling 3,030 shares during the quarter. State of Tennessee Department of Treasury's holdings in Advanced Energy Industries were worth $1,066,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its position in Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker's stock worth $25,000 after purchasing an additional 182 shares during the period. Russell Investments Group Ltd. boosted its holdings 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 during the period. Kayne Anderson Rudnick Investment Management LLC purchased a new position in Advanced Energy Industries in the 4th quarter valued at approximately $51,000. Venturi Wealth Management LLC bought a new stake in Advanced Energy Industries during the 4th quarter valued at $74,000. Finally, Blue Trust Inc. lifted its position in shares of Advanced Energy Industries by 26.3% during the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker's stock worth $108,000 after acquiring an additional 213 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Price Performance

NASDAQ:AEIS traded down $1.25 during midday trading on Monday, hitting $110.04. The company had a trading volume of 367,044 shares, compared to its average volume of 260,889. The company has a market capitalization of $4.14 billion, a PE ratio of 76.95, a P/E/G ratio of 1.39 and a beta of 1.50. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. Advanced Energy Industries, Inc. has a 52-week low of $75.01 and a 52-week high of $132.16. The stock's fifty day moving average price is $98.68 and its 200-day moving average price is $110.14.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. The firm had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The company's revenue was up 23.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.58 EPS. As a group, research analysts expect 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 disclosed a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Saturday, May 24th will be issued a $0.10 dividend. 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 0.36%. Advanced Energy Industries's payout ratio is 20.62%.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the company's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now directly owns 3,492 shares in the company, valued at $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the firm'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 transaction, the chief operating officer now directly owns 19,822 shares in the company, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Citigroup boosted their price objective on Advanced Energy Industries from $138.00 to $140.00 and gave the company a "buy" rating in a research note on Monday. StockNews.com lowered shares of Advanced Energy Industries from a "hold" rating to a "sell" rating in a research report on Monday, April 28th. Wells Fargo & Company lowered their target price on shares of Advanced Energy Industries from $115.00 to $110.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 13th. Needham & Company LLC reduced their price target on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating for the company in a research report on Thursday. Finally, Stifel Nicolaus reaffirmed a "buy" rating and issued a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a report on Thursday. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries presently has an average rating of "Moderate Buy" and an average price target of $124.67.

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.