Charles Schwab Investment Management Inc. Cuts Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Charles Schwab Investment Management Inc. trimmed its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.8% in the third quarter, Holdings Channel.com reports. The firm owned 441,588 shares of the electronics maker’s stock after selling 3,434 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Advanced Energy Industries were worth $46,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Huntington National Bank lifted its holdings in Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after buying an additional 208 shares during the last quarter. Meeder Asset Management Inc. grew 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 worth $48,000 after purchasing an additional 186 shares in the last quarter. GAMMA Investing LLC increased its stake in Advanced Energy Industries by 157.6% during the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock valued at $68,000 after buying an additional 383 shares during the period. Canada Pension Plan Investment Board acquired a new stake in Advanced Energy Industries in the second quarter worth approximately $87,000. Finally, Blue Trust Inc. boosted its stake in Advanced Energy Industries by 2,150.0% during the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after buying an additional 774 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares in the company, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.00% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

AEIS has been the subject of a number of recent research reports. 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 objective for the company. Robert W. Baird reduced their price objective on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Susquehanna reduced their target price on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, TD Cowen cut their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. Seven analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Advanced Energy Industries presently has a consensus rating of “Hold” and a consensus price target of $115.00.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $115.04 on Monday. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock has a market cap of $4.33 billion, a P/E ratio of 100.91, a PEG ratio of 6.76 and a beta of 1.48. Advanced Energy Industries, Inc. has a twelve month low of $89.11 and a twelve month high of $120.81. The company’s 50-day simple moving average is $109.47 and its 200 day simple moving average is $107.31.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.07. The firm had revenue of $374.20 million for the quarter, compared to analysts’ expectations of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company’s quarterly revenue was down 8.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.12 earnings per share. As a group, research analysts forecast that Advanced Energy Industries, Inc. will post 2.52 earnings per share 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. Investors of record on Monday, November 25th will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.35%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

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.