Anne Delsanto Sells 148 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Anne Delsanto sold 148 shares of the company’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $108.48, for a total value of $16,055.04. Following the completion of the sale, the director now owns 7,017 shares of the company’s stock, valued at $761,204.16. The transaction was disclosed in a filing with the SEC, which is available through this link.

Anne Delsanto also recently made the following trade(s):

• On Monday, June 3rd, Anne Delsanto sold 148 shares of Advanced Energy Industries stock. The stock was sold at an average price of $108.48, for a total transaction of $16,055.04.
• On Wednesday, May 1st, Anne Delsanto sold 148 shares of Advanced Energy Industries stock. The stock was sold at an average price of $94.99, for a total transaction of $14,058.52.

Advanced Energy Industries Stock Up 0.3 %

AEIS opened at $106.95 on Thursday. The firm has a 50-day simple moving average of $105.22 and a two-hundred day simple moving average of $102.99. Advanced Energy Industries, Inc. has a 52 week low of $81.86 and a 52 week high of $126.38. The company has a market capitalization of $4.00 billion, a PE ratio of 39.32, a price-to-earnings-growth ratio of 5.32 and a beta of 1.52. The company has a quick ratio of 4.40, a current ratio of 5.61 and a debt-to-equity ratio of 0.78.

Advanced Energy Industries (NASDAQ:AEIS) last announced its 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). The business had revenue of $327.50 million for the quarter, compared to analysts’ expectations of $351.74 million. Advanced Energy Industries had a net margin of 6.58% and a return on equity of 11.65%. The firm’s quarterly revenue was down 22.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 earnings per share. Analysts forecast that Advanced Energy Industries, Inc. will post 2.33 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Monday, May 27th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.37%. The ex-dividend date of this dividend was Thursday, May 23rd. Advanced Energy Industries’s dividend payout ratio is 14.71%.

Institutional Trading of Advanced Energy Industries

Several hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its position in shares of Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares in the last quarter. Earnest Partners LLC raised its position in shares of Advanced Energy Industries by 0.5% during the 3rd quarter. Earnest Partners LLC now owns 1,568,560 shares of the electronics maker’s stock valued at $161,750,000 after buying an additional 7,701 shares in the last quarter. Victory Capital Management Inc. raised its position in Advanced Energy Industries by 6.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,167,892 shares of the electronics maker’s stock worth $127,207,000 after purchasing an additional 75,351 shares during the period. Dimensional Fund Advisors LP raised its position in Advanced Energy Industries by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 923,960 shares of the electronics maker’s stock worth $100,641,000 after purchasing an additional 3,093 shares during the period. Finally, Channing Capital Management LLC purchased a new stake in Advanced Energy Industries in the 4th quarter worth about $68,701,000. 99.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AEIS shares. StockNews.com downgraded shares of Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Citigroup upped their target price on shares of Advanced Energy Industries from $107.00 to $113.00 and gave the stock a “buy” rating in a report on Monday, May 6th. Benchmark reaffirmed a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a report on Thursday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Tuesday, June 25th. Finally, Susquehanna dropped 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. One investment analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $108.86.

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.