Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stake Cut by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund reduced its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9.0% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,119 shares of the electronics maker’s stock after selling 900 shares during the period. Oregon Public Employees Retirement Fund’s holdings in Advanced Energy Industries were worth $992,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Rise Advisors LLC purchased a new stake in Advanced Energy Industries in the 1st quarter worth about $25,000. Parallel Advisors LLC lifted its stake in Advanced Energy Industries by 78.2% in the 4th quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock worth $38,000 after acquiring an additional 154 shares in the last quarter. GAMMA Investing LLC increased its position in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 383 shares during the last quarter. Principal Securities Inc. acquired a new position in Advanced Energy Industries in the 4th quarter worth about $87,000. Finally, Hilltop National Bank increased its position in Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 116 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $92.85 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 34.14, a P/E/G ratio of 4.74 and a beta of 1.50. The business’s 50-day simple moving average is $106.53 and its 200-day simple moving average is $103.45. Advanced Energy Industries, Inc. has a 52 week low of $81.86 and a 52 week high of $119.75.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (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 company’s revenue was down 12.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.95 EPS. As a group, equities research analysts expect that Advanced Energy Industries, Inc. will post 2.47 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 6th. Shareholders of record on Monday, August 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend 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%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Benchmark reaffirmed a “buy” rating and issued a $117.00 target price on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. Susquehanna upped their target price on Advanced Energy Industries from $90.00 to $103.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 31st. StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, September 4th. Stifel Nicolaus assumed coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 target price on the stock. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, July 31st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus target price of $113.25.

Advanced Energy Industries 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.