Fisher Asset Management LLC Sells 2,173 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Fisher Asset Management LLC reduced its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 129,459 shares of the electronics maker’s stock after selling 2,173 shares during the period. Fisher Asset Management LLC owned approximately 0.35% of Advanced Energy Industries worth $14,101,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in Advanced Energy Industries by 78.2% in the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after purchasing an additional 154 shares during the last quarter. Signaturefd LLC lifted its stake in Advanced Energy Industries by 52.3% in the fourth quarter. Signaturefd LLC now owns 609 shares of the electronics maker’s stock worth $66,000 after purchasing an additional 209 shares during the last quarter. Principal Securities Inc. bought a new stake in Advanced Energy Industries in the fourth quarter worth $87,000. DekaBank Deutsche Girozentrale bought a new stake in Advanced Energy Industries in the third quarter worth $85,000. Finally, Group One Trading L.P. lifted its stake in Advanced Energy Industries by 26.0% in the third quarter. Group One Trading L.P. now owns 1,106 shares of the electronics maker’s stock worth $114,000 after purchasing an additional 228 shares during the last quarter. 99.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AEIS has been the subject of several recent research reports. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, May 21st. Benchmark restated a “buy” rating and issued a $117.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, May 2nd. Citigroup boosted their price objective on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the company a “buy” rating in a research report on Monday, May 6th. StockNews.com cut shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Finally, Susquehanna decreased their price objective on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating on the stock in a research report on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $108.86.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $108.92 on Wednesday. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38. The company has a debt-to-equity ratio of 0.78, a current ratio of 5.61 and a quick ratio of 4.40. The company’s 50-day moving average is $101.97 and its 200 day moving average is $102.35. The stock has a market capitalization of $4.08 billion, a P/E ratio of 40.04, a P/E/G ratio of 5.22 and a beta of 1.53.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, May 1st. The electronics maker reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.09). Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The company had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. During the same quarter in the prior year, the firm earned $1.10 EPS. Advanced Energy Industries’s quarterly revenue was down 22.9% compared to the same quarter last year. On average, sell-side analysts expect that Advanced Energy Industries, Inc. will post 2.33 earnings per share for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Monday, May 27th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. The ex-dividend date of this dividend was Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 14.71%.

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.