Isthmus Partners LLC Boosts Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Isthmus Partners LLC lifted its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,469 shares of the electronics maker’s stock after buying an additional 197 shares during the quarter. Isthmus Partners LLC owned approximately 0.08% of Advanced Energy Industries worth $3,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Amundi boosted its holdings in shares of Advanced Energy Industries by 192.6% in the 4th quarter. Amundi now owns 19,405 shares of the electronics maker’s stock valued at $2,303,000 after buying an additional 12,773 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Advanced Energy Industries in the 4th quarter valued at $9,864,000. Arizona State Retirement System grew its position in Advanced Energy Industries by 1.3% during the 4th quarter. Arizona State Retirement System now owns 10,926 shares of the electronics maker’s stock worth $1,263,000 after purchasing an additional 144 shares during the period. Proficio Capital Partners LLC acquired a new position in Advanced Energy Industries in the fourth quarter valued at approximately $3,971,000. Finally, M&T Bank Corp boosted its position in Advanced Energy Industries by 99.9% in the 4th quarter. M&T Bank Corp now owns 25,564 shares of the electronics maker’s stock worth $2,956,000 after purchasing an additional 12,774 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Advanced Energy Industries Trading Up 3.5 %

AEIS stock opened at $109.67 on Monday. The company has a market cap of $4.14 billion, a price-to-earnings ratio of 76.69, a PEG ratio of 1.39 and a beta of 1.43. The company has a quick ratio of 3.27, a current ratio of 4.42 and a debt-to-equity ratio of 0.47. The business has a fifty day simple moving average of $118.04 and a 200-day simple moving average of $112.26. Advanced Energy Industries, Inc. has a 52 week low of $89.12 and a 52 week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. On average, equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Advanced Energy Industries’s dividend payout ratio (DPR) is 27.97%.

Insider Transactions at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the sale, the chief operating officer now directly owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total value of $206,992.00. Following the sale, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AEIS. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 13th. Robert W. Baird cut their price target on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Needham & Company LLC reaffirmed a “buy” rating and set a $145.00 target price on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries presently has an average rating of “Moderate Buy” and an average target price of $126.56.

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.