Advanced Energy Industries, Inc. (NASDAQ:AEIS) Stock Position Lifted by New York State Common Retirement Fund

New York State Common Retirement Fund increased its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 65.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 372,623 shares of the electronics maker’s stock after purchasing an additional 146,832 shares during the period. New York State Common Retirement Fund’s holdings in Advanced Energy Industries were worth $40,586,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Peregrine Capital Management LLC bought a new stake in shares of Advanced Energy Industries in the 4th quarter worth approximately $7,856,000. Moody Aldrich Partners LLC lifted its holdings in shares of Advanced Energy Industries by 130.4% in the 4th quarter. Moody Aldrich Partners LLC now owns 32,790 shares of the electronics maker’s stock worth $3,571,000 after purchasing an additional 18,561 shares during the last quarter. III Capital Management bought a new stake in shares of Advanced Energy Industries in the 3rd quarter worth approximately $897,000. Vaughan Nelson Investment Management L.P. raised its stake in Advanced Energy Industries by 4.3% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 422,253 shares of the electronics maker’s stock valued at $45,991,000 after acquiring an additional 17,290 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in Advanced Energy Industries by 61.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 232,942 shares of the electronics maker’s stock valued at $24,021,000 after acquiring an additional 88,267 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

Shares of NASDAQ AEIS opened at $92.84 on Thursday. The company has a quick ratio of 4.10, a current ratio of 5.10 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $3.47 billion, a price-to-earnings ratio of 27.31, a PEG ratio of 3.19 and a beta of 1.55. The stock’s fifty day simple moving average is $98.50 and its 200 day simple moving average is $99.29. Advanced Energy Industries, Inc. has a 52-week low of $81.86 and a 52-week high of $126.38.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Tuesday, February 6th. The electronics maker reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.10. The business had revenue of $405.27 million for the quarter, compared to analysts’ expectations of $407.66 million. Advanced Energy Industries had a return on equity of 14.32% and a net margin of 7.75%. As a group, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.88 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Monday, February 19th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date was Thursday, February 15th. Advanced Energy Industries’s payout ratio is 11.76%.

Wall Street Analyst Weigh In

Separately, Wells Fargo & Company cut their target price on Advanced Energy Industries from $108.00 to $97.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $115.14.

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.