Summit Partners Public Asset Management LLC Takes Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Summit Partners Public Asset Management LLC acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 618,301 shares of the electronics maker's stock, valued at approximately $71,494,000. Advanced Energy Industries accounts for about 1.4% of Summit Partners Public Asset Management LLC's investment portfolio, making the stock its 9th biggest holding. Summit Partners Public Asset Management LLC owned approximately 1.64% of Advanced Energy Industries at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Silvercrest Asset Management Group LLC acquired a new position in shares of Advanced Energy Industries during the fourth quarter worth approximately $58,393,000. Sora Investors LLC boosted its position 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 during the period. ProShare Advisors LLC grew its stake in shares of Advanced Energy Industries by 44.4% in the fourth quarter. ProShare Advisors LLC now owns 11,285 shares of the electronics maker's stock worth $1,305,000 after purchasing an additional 3,471 shares in the last quarter. Quantinno Capital Management LP grew its stake in shares of Advanced Energy Industries by 8.7% in the fourth quarter. Quantinno Capital Management LP now owns 3,255 shares of the electronics maker's stock worth $376,000 after purchasing an additional 260 shares in the last quarter. Finally, NorthRock Partners LLC bought a new stake in shares of Advanced Energy Industries during the fourth quarter valued at about $797,000. 99.67% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Energy Industries

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business's stock in a transaction on Monday, March 3rd. The shares were sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the transaction, the chief operating officer now owns 19,822 shares of the company's stock, valued at approximately $2,212,333.42. The trade was a 49.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by corporate insiders.

Advanced Energy Industries Stock Up 1.0%

AEIS stock traded up $1.18 during midday trading on Thursday, reaching $117.18. The company had a trading volume of 83,251 shares, compared to its average volume of 265,236. The company has a 50 day moving average of $100.22 and a two-hundred day moving average of $110.71. 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, Inc. has a 1 year low of $75.01 and a 1 year high of $132.16. The company has a market capitalization of $4.41 billion, a P/E ratio of 81.90, a PEG ratio of 1.39 and a beta of 1.50.

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, beating the consensus estimate of $0.97 by $0.26. The business 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 3.66% and a return on equity of 8.90%. Advanced Energy Industries's quarterly revenue was up 23.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.58 EPS. On average, equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company 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 $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Friday, May 23rd. Advanced Energy Industries's dividend payout ratio is 20.62%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AEIS shares. Stifel Nicolaus reiterated a "buy" rating and issued a $130.00 target price (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Citigroup upped their price target on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the stock a "buy" rating in a research note on Monday, May 5th. Needham & Company LLC lowered their price objective on shares of Advanced Energy Industries from $145.00 to $135.00 and set a "buy" rating on the stock in a research note on Thursday, May 1st. 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. Finally, Wall Street Zen upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a research report on Tuesday, May 6th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Advanced Energy Industries currently has a consensus rating of "Moderate Buy" and an average target price 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.