Susquehanna Fundamental Investments LLC Purchases New Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Susquehanna Fundamental Investments LLC purchased a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 19,108 shares of the electronics maker’s stock, valued at approximately $2,078,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hilltop National Bank increased its stake in Advanced Energy Industries by 13.4% during the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 116 shares during the period. Azzad Asset Management Inc. ADV increased its stake in Advanced Energy Industries by 1.7% during the second quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after acquiring an additional 124 shares during the period. Parallel Advisors LLC grew its stake in shares of Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after purchasing an additional 154 shares during the period. Pitcairn Co. grew its stake in shares of Advanced Energy Industries by 3.9% in the 1st quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after purchasing an additional 164 shares during the period. Finally, Arizona State Retirement System grew its stake in shares of Advanced Energy Industries by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after purchasing an additional 203 shares during the period. 99.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on AEIS. TD Cowen upped their price objective on Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Friday, September 20th. Citigroup lowered Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price objective on the stock. in a research note on Monday, July 15th. Wells Fargo & Company upped their price objective on Advanced Energy Industries from $97.00 to $103.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Susquehanna upped their price objective on Advanced Energy Industries from $90.00 to $103.00 and gave the company a “neutral” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $114.89.

Advanced Energy Industries Stock Up 0.5 %

Shares of AEIS opened at $105.24 on Tuesday. The company has a market capitalization of $3.94 billion, a P/E ratio of 38.69, a PEG ratio of 5.12 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a current ratio of 5.47 and a quick ratio of 4.22. Advanced Energy Industries, Inc. has a one year low of $81.86 and a one year high of $119.75. The business’s 50 day simple moving average is $103.24 and its 200-day simple moving average is $103.38.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to analyst estimates of $350.06 million. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The business’s quarterly revenue was down 12.2% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. As a group, sell-side analysts predict that Advanced Energy Industries, Inc. will post 2.47 EPS 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 given a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a yield of 0.38%. Advanced Energy Industries’s payout ratio is 14.71%.

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.