Sequoia Financial Advisors LLC Takes Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Sequoia Financial Advisors LLC purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,982 shares of the electronics maker’s stock, valued at approximately $229,000.

Several other hedge funds have also made changes to their positions in AEIS. Meeder Asset Management Inc. lifted its stake in shares of Advanced Energy Industries by 68.4% in the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock valued at $48,000 after buying an additional 186 shares during the period. Segall Bryant & Hamill LLC lifted its stake in shares of Advanced Energy Industries by 24.3% in the third quarter. Segall Bryant & Hamill LLC now owns 136,897 shares of the electronics maker’s stock valued at $14,407,000 after buying an additional 26,782 shares during the period. Commerce Bank lifted its stake in shares of Advanced Energy Industries by 34.0% in the third quarter. Commerce Bank now owns 3,327 shares of the electronics maker’s stock valued at $350,000 after buying an additional 845 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of Advanced Energy Industries in the third quarter valued at about $12,306,000. Finally, Intech Investment Management LLC bought a new position in Advanced Energy Industries during the third quarter worth about $718,000. Institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on AEIS shares. Wells Fargo & Company cut their price target on shares of Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target for the company in a research note on Monday, December 16th. Needham & Company LLC restated a “buy” rating and set a $145.00 price target on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $138.00 in a research note on Monday, January 6th. Finally, Robert W. Baird cut their price target on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average target price of $126.56.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now owns 3,492 shares of the company’s stock, valued at approximately $451,760.04. The trade was a 31.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares of the company’s stock, valued at $2,212,333.42. This represents a 49.34 % decrease in their position. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Advanced Energy Industries Stock Performance

Shares of Advanced Energy Industries stock opened at $105.83 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The firm has a market cap of $4.01 billion, a P/E ratio of 74.01, a P/E/G ratio of 1.39 and a beta of 1.43. The firm has a 50 day simple moving average of $115.70 and a 200 day simple moving average of $112.03. Advanced Energy Industries, Inc. has a fifty-two week low of $89.12 and a fifty-two week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Sell-side analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Monday, February 24th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.38%. The ex-dividend date was Monday, February 24th. Advanced Energy Industries’s dividend payout ratio is currently 27.97%.

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.