Dimensional Fund Advisors LP Boosts Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Dimensional Fund Advisors LP grew its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 950,977 shares of the electronics maker’s stock after purchasing an additional 15,577 shares during the period. Dimensional Fund Advisors LP’s holdings in Advanced Energy Industries were worth $103,428,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in AEIS. Rise Advisors LLC purchased a new stake in Advanced Energy Industries in the 1st quarter valued at about $25,000. Parallel Advisors LLC increased its position in shares of Advanced Energy Industries by 78.2% during the fourth quarter. Parallel Advisors LLC now owns 351 shares of the electronics maker’s stock valued at $38,000 after acquiring an additional 154 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares during the period. Hilltop National Bank boosted its position in Advanced Energy Industries by 13.4% in the second 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. Finally, Innealta Capital LLC purchased a new position in Advanced Energy Industries in the second quarter worth $109,000. 99.67% of the stock is owned by institutional investors.

Advanced Energy Industries Stock Performance

NASDAQ:AEIS opened at $101.37 on Wednesday. The business’s fifty day moving average is $103.94 and its 200 day moving average is $103.25. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 4.88 and a beta of 1.50. The company has a debt-to-equity ratio of 0.76, a quick ratio of 4.22 and a current ratio of 5.47. 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 announced its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.14. The firm had revenue of $364.95 million for the quarter, compared to the consensus estimate of $350.06 million. Advanced Energy Industries had a net margin of 6.00% and a return on equity of 10.43%. The company’s revenue for the quarter was down 12.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 earnings per share. Research analysts predict that Advanced Energy Industries, Inc. will post 2.47 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 6th. Stockholders of record on Monday, August 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.39%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 14.71%.

Analyst Ratings Changes

A number of research firms have recently commented on AEIS. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a research report on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective on the stock. TD Cowen boosted their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research note on Wednesday, July 31st. Wells Fargo & Company raised their price target on shares of Advanced Energy Industries from $97.00 to $103.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 31st. Finally, Citigroup downgraded 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $114.89.

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.