Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 2.2% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 112,248 shares of the electronics maker’s stock after selling 2,551 shares during the quarter. Rhumbline Advisers’ holdings in Advanced Energy Industries were worth $12,208,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Natixis Advisors LLC boosted its position in shares of Advanced Energy Industries by 6.1% during the 2nd quarter. Natixis Advisors LLC now owns 30,020 shares of the electronics maker’s stock worth $3,265,000 after purchasing an additional 1,719 shares during the period. nVerses Capital LLC purchased a new position in shares of Advanced Energy Industries during the second quarter worth $109,000. Heritage Family Offices LLP acquired a new stake in shares of Advanced Energy Industries in the second quarter valued at $205,000. Fort Washington Investment Advisors Inc. OH grew its stake in shares of Advanced Energy Industries by 9.8% in the second quarter. Fort Washington Investment Advisors Inc. OH now owns 128,687 shares of the electronics maker’s stock valued at $13,996,000 after buying an additional 11,469 shares in the last quarter. Finally, Azzad Asset Management Inc. ADV raised its holdings in shares of Advanced Energy Industries by 1.7% in the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after buying an additional 124 shares during the period. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Advanced Energy Industries Trading Up 1.0 %

NASDAQ AEIS opened at $93.79 on Wednesday. The firm’s fifty day moving average price is $106.28 and its 200 day moving average price is $103.41. Advanced Energy Industries, Inc. has a 12 month low of $81.86 and a 12 month high of $119.75. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 4.74 and a beta of 1.50.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The company had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. During the same quarter last year, the company posted $0.95 earnings per share. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. On average, sell-side analysts expect that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date was Monday, August 26th. Advanced Energy Industries’s dividend payout ratio is currently 14.71%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on AEIS. Citigroup cut Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 target price for the company. in a report on Monday, July 15th. Stifel Nicolaus started coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. Benchmark reaffirmed a “buy” rating and set a $117.00 target price on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Susquehanna raised their price target on shares of Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research report on Wednesday, July 31st. Finally, StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $113.25.

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.