Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC lowered its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.5% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,585 shares of the electronics maker’s stock after selling 131 shares during the quarter. Park Avenue Securities LLC’s holdings in Advanced Energy Industries were worth $366,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in AEIS. Rise Advisors LLC bought a new stake in Advanced Energy Industries in the first quarter valued at $25,000. Compass Wealth Management LLC raised its holdings in shares of Advanced Energy Industries by 4.1% during the first quarter. Compass Wealth Management LLC now owns 65,013 shares of the electronics maker’s stock valued at $6,630,000 after buying an additional 2,555 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Advanced Energy Industries by 8.0% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 34,578 shares of the electronics maker’s stock worth $3,766,000 after buying an additional 2,562 shares during the period. Vanguard Group Inc. grew its holdings in Advanced Energy Industries by 0.7% in the 4th quarter. Vanguard Group Inc. now owns 4,470,367 shares of the electronics maker’s stock worth $486,912,000 after buying an additional 32,822 shares in the last quarter. Finally, Cim LLC acquired a new stake in Advanced Energy Industries in the 4th quarter valued at approximately $447,000. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Trading Up 1.0 %

Advanced Energy Industries stock opened at $108.76 on Monday. Advanced Energy Industries, Inc. has a 1 year low of $81.86 and a 1 year high of $126.38. The firm’s 50 day moving average price is $104.37 and its two-hundred day moving average price is $103.02. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 39.99, a price-to-earnings-growth ratio of 5.32 and a beta of 1.53. The company has a debt-to-equity ratio of 0.78, a quick ratio of 4.40 and a current ratio of 5.61.

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

Advanced Energy Industries Announces Dividend

The company also recently announced 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 annualized dividend and a dividend yield of 0.37%. The ex-dividend date was Thursday, May 23rd. Advanced Energy Industries’s payout ratio is 14.71%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AEIS shares. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Thursday, May 2nd. Susquehanna reduced their price objective on shares of Advanced Energy Industries from $95.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research note on Tuesday, June 25th. Citigroup upped their price target on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Finally, Benchmark reiterated a “buy” rating and set a $117.00 price objective on shares of Advanced Energy Industries in a research note on Thursday, May 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Advanced Energy Industries has a consensus rating of “Hold” and a consensus price target of $108.86.

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.