Stifel Financial Corp Increases Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Stifel Financial Corp lifted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,752 shares of the electronics maker’s stock after buying an additional 102 shares during the period. Stifel Financial Corp’s holdings in Advanced Energy Industries were worth $1,132,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC lifted its position in Advanced Energy Industries by 12.4% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,366 shares of the electronics maker’s stock valued at $257,000 after acquiring an additional 261 shares in the last quarter. Raymond James & Associates raised its holdings in shares of Advanced Energy Industries by 10.8% during the second quarter. Raymond James & Associates now owns 24,180 shares of the electronics maker’s stock valued at $2,630,000 after purchasing an additional 2,355 shares during the last quarter. Bank of New York Mellon Corp grew its position in Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after purchasing an additional 102,659 shares during the period. Legato Capital Management LLC bought a new position in shares of Advanced Energy Industries during the 2nd quarter valued at $643,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Advanced Energy Industries by 4.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,440 shares of the electronics maker’s stock valued at $918,000 after acquiring an additional 335 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the sale, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Wall Street Analyst Weigh In

AEIS has been the subject of several research reports. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Robert W. Baird lifted their target price on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. TD Cowen reduced their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Finally, Wells Fargo & Company lifted their price objective on Advanced Energy Industries from $98.00 to $105.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $120.25.

Advanced Energy Industries Stock Down 0.8 %

Shares of AEIS opened at $113.00 on Monday. The business’s 50 day moving average is $113.42 and its 200 day moving average is $108.36. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $124.48. The company has a market capitalization of $4.26 billion, a PE ratio of 99.12, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter last year, the business posted $1.12 earnings per share. The company’s revenue for the quarter was down 8.7% compared to the same quarter last year. Research analysts expect that Advanced Energy Industries, Inc. will post 2.52 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.35%. The ex-dividend date was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

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.