Summit Partners Public Asset Management LLC Makes New Investment in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Summit Partners Public Asset Management LLC acquired a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 618,301 shares of the electronics maker's stock, valued at approximately $71,494,000. Advanced Energy Industries accounts for 1.4% of Summit Partners Public Asset Management LLC's holdings, making the stock its 9th largest holding. Summit Partners Public Asset Management LLC owned approximately 1.64% of Advanced Energy Industries at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its stake in Advanced Energy Industries by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker's stock valued at $53,204,000 after buying an additional 18,533 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at about $3,971,000. Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Advanced Energy Industries by 10.2% during the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 139,556 shares of the electronics maker's stock worth $16,137,000 after buying an additional 12,860 shares in the last quarter. Amundi grew its holdings in Advanced Energy Industries by 192.6% in the fourth quarter. Amundi now owns 19,405 shares of the electronics maker's stock worth $2,303,000 after purchasing an additional 12,773 shares during the period. Finally, Alpha DNA Investment Management LLC bought a new stake in Advanced Energy Industries in the fourth quarter valued at $487,000. Institutional investors and hedge funds own 99.67% of the company's stock.

Advanced Energy Industries Stock Up 1.4%

NASDAQ:AEIS traded up $1.65 during trading hours on Tuesday, hitting $118.62. 254,056 shares of the company traded hands, compared to its average volume of 265,668. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The company has a market cap of $4.47 billion, a PE ratio of 82.95, a PEG ratio of 1.39 and a beta of 1.50. The firm's 50-day simple moving average is $99.68 and its 200-day simple moving average is $110.62. Advanced Energy Industries, Inc. has a one year low of $75.01 and a one year high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS - Get Free Report) last announced its earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The company had revenue of $404.60 million during the quarter, compared to the consensus estimate of $392.36 million. During the same quarter in the prior year, the company posted $0.58 earnings per share. The firm's revenue for the quarter was up 23.5% on a year-over-year basis. Equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

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

Insider Transactions at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares in the company, valued at $2,212,333.42. The trade was a 49.34% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lanesha Minnix sold 1,600 shares of the 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 transaction, the director now owns 3,492 shares of the company's stock, valued at approximately $451,760.04. The trade was a 31.42% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Stifel Nicolaus reissued a "buy" rating and set a $130.00 price objective (down previously from $135.00) on shares of Advanced Energy Industries in a research report on Thursday, May 1st. Citigroup raised 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, May 5th. StockNews.com upgraded Advanced Energy Industries from a "sell" rating to a "hold" rating in a report on Tuesday, May 6th. Robert W. Baird lifted their price target on shares of Advanced Energy Industries from $124.00 to $132.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Finally, 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. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $124.67.

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.