Massachusetts Financial Services Co. MA Lowers Position in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Massachusetts Financial Services Co. MA trimmed its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 467,902 shares of the electronics maker’s stock after selling 46,522 shares during the period. Massachusetts Financial Services Co. MA owned 1.24% of Advanced Energy Industries worth $49,242,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Hilltop National Bank boosted its position in shares of Advanced Energy Industries by 13.4% in the 2nd 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 grew its position in 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 purchasing an additional 124 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock valued at $263,000 after purchasing an additional 130 shares in the last quarter. Meeder Asset Management Inc. raised its holdings in 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 buying an additional 186 shares during the last quarter. Finally, Arizona State Retirement System lifted its stake 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 worth $1,136,000 after buying an additional 203 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were 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 of the company’s stock, valued at approximately $568,878.24. This trade represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.00% of the company’s stock.

Advanced Energy Industries Stock Up 2.4 %

Shares of AEIS stock opened at $115.19 on Monday. The company’s fifty day simple moving average is $107.87 and its two-hundred day simple moving average is $106.88. Advanced Energy Industries, Inc. has a 52 week low of $89.11 and a 52 week high of $120.81. The stock has a market cap of $4.34 billion, a P/E ratio of 101.04, a PEG ratio of 6.61 and a beta of 1.48. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48.

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

Advanced Energy Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 annualized dividend and a yield of 0.35%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on AEIS shares. Benchmark reissued a “buy” rating and set a $125.00 price target on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. 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 on the stock. Robert W. Baird decreased their target price 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. Finally, TD Cowen dropped their price target 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. Eight analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Advanced Energy Industries has an average rating of “Hold” and a consensus target price of $113.75.

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.