Inspire Investing LLC Purchases 674 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Inspire Investing LLC boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 20.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,905 shares of the electronics maker’s stock after buying an additional 674 shares during the quarter. Inspire Investing LLC’s holdings in Advanced Energy Industries were worth $411,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Rise Advisors LLC bought a new stake in Advanced Energy Industries in the 1st quarter valued at about $25,000. GAMMA Investing LLC increased its stake in shares of Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after purchasing an additional 383 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Advanced Energy Industries in the second quarter valued at approximately $87,000. Hilltop National Bank lifted its stake in shares of Advanced Energy Industries by 13.4% during the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after buying an additional 116 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in Advanced Energy Industries in the 2nd quarter worth approximately $109,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on AEIS shares. Robert W. Baird assumed coverage on Advanced Energy Industries in a research report on Friday, September 20th. They set an “outperform” rating and a $128.00 target price on the stock. Susquehanna dropped their price objective on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a report on Friday, October 11th. Wells Fargo & Company reduced their target price on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Stifel Nicolaus started coverage on Advanced Energy Industries in a research report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target on the stock. Finally, Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $113.11.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $111.05 on Friday. The company has a market capitalization of $4.16 billion, a P/E ratio of 40.83, a P/E/G ratio of 5.41 and a beta of 1.49. 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. The company has a fifty day moving average of $103.42 and a 200-day moving average of $104.08.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Tuesday, July 30th. The electronics maker reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.14. The firm had revenue of $364.95 million during 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.95 earnings per share. As a group, equities research analysts predict that Advanced Energy Industries, Inc. will post 2.47 EPS 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 dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. The ex-dividend date of this dividend was Monday, August 26th. Advanced Energy Industries’s payout ratio is currently 14.71%.

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.