Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System lowered its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 64,876 shares of the electronics maker’s stock after selling 1,126 shares during the period. New York State Teachers Retirement System owned approximately 0.17% of Advanced Energy Industries worth $6,828,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Hilltop National Bank lifted its stake in shares of Advanced Energy Industries by 13.4% during 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 in the last quarter. Azzad Asset Management Inc. ADV boosted its stake in shares of Advanced Energy Industries by 1.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock valued at $796,000 after buying an additional 124 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Advanced Energy Industries by 5.5% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares during the last quarter. Pitcairn Co. lifted its holdings in Advanced Energy Industries by 3.9% during the 1st quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock worth $449,000 after buying an additional 164 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Advanced Energy Industries by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 10,449 shares of the electronics maker’s stock valued at $1,136,000 after acquiring an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on AEIS. TD Cowen dropped their target price on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a report on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a report on Thursday, October 31st. StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday. Citigroup downgraded Advanced Energy Industries from a “buy” rating to a “neutral” rating and set a $113.00 price objective for the company. in a research note on Monday, July 15th. Finally, Wells Fargo & Company cut their target price on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $112.75.

Advanced Energy Industries Price Performance

NASDAQ AEIS opened at $110.07 on Tuesday. Advanced Energy Industries, Inc. has a 12 month low of $85.26 and a 12 month high of $119.75. The firm has a market capitalization of $4.15 billion, a PE ratio of 96.55, a P/E/G ratio of 5.49 and a beta of 1.48. The company’s 50 day simple moving average is $104.05 and its 200 day simple moving average is $105.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 4.22.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The company’s revenue was down 8.7% on a year-over-year basis. As a group, equities research analysts forecast that Advanced Energy Industries, Inc. will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

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.