GAMMA Investing LLC Acquires 285 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

GAMMA Investing LLC lifted its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,231 shares of the electronics maker’s stock after purchasing an additional 285 shares during the period. GAMMA Investing LLC’s holdings in Advanced Energy Industries were worth $142,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEIS. Arizona State Retirement System raised its holdings in shares of Advanced Energy Industries by 2.0% in the second 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 in the last quarter. Caprock Group LLC bought a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at about $235,000. Federated Hermes Inc. lifted its position in shares of Advanced Energy Industries by 3.0% in the 2nd quarter. Federated Hermes Inc. now owns 36,494 shares of the electronics maker’s stock worth $3,969,000 after purchasing an additional 1,050 shares during the period. Oppenheimer Asset Management Inc. boosted its stake in shares of Advanced Energy Industries by 36.0% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,699 shares of the electronics maker’s stock valued at $4,209,000 after purchasing an additional 10,243 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Advanced Energy Industries by 8.0% during the second quarter. Envestnet Asset Management Inc. now owns 209,522 shares of the electronics maker’s stock valued at $22,788,000 after purchasing an additional 15,590 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AEIS shares. Baird R W raised Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their target price for the company from $110.00 to $138.00 in a research note on Monday. TD Cowen decreased their price target on shares of 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. Needham & Company LLC raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating and set a $145.00 price objective on the stock in a research report on Tuesday. Finally, Bank of America raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday, December 16th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $125.78.

Insider Activity

In related news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the transaction, the director now owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.00% of the company’s stock.

Advanced Energy Industries Trading Down 5.2 %

Shares of Advanced Energy Industries stock opened at $118.67 on Friday. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $128.70. The firm’s 50 day simple moving average is $115.83 and its two-hundred day simple moving average is $109.26. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $4.47 billion, a price-to-earnings ratio of 104.10, a PEG ratio of 6.92 and a beta of 1.46.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. Advanced Energy Industries’s revenue for the quarter was down 8.7% compared to the same quarter last year. During the same period last year, the firm posted $1.12 EPS. Analysts predict that Advanced Energy Industries, Inc. will post 2.52 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Stockholders of record on Monday, November 25th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. Advanced Energy Industries’s payout ratio is 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.