Thrivent Financial for Lutherans Sells 1,499 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Thrivent Financial for Lutherans decreased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 4.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 29,584 shares of the electronics maker’s stock after selling 1,499 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Advanced Energy Industries were worth $3,113,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Earnest Partners LLC increased its holdings in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after purchasing an additional 199,578 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in shares of Advanced Energy Industries by 22.4% during the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after purchasing an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after buying an additional 102,659 shares during the period. Great Lakes Advisors LLC bought a new stake in shares of Advanced Energy Industries in the 2nd quarter valued at $6,873,000. Finally, Principal Financial Group Inc. raised its stake in Advanced Energy Industries by 12.4% during the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after buying an additional 53,566 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Lanesha Minnix sold 1,000 shares of the business’s 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 sale, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.87% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AEIS shares. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. Benchmark reissued a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Wells Fargo & Company cut their price target on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a research note on Thursday, August 15th. They set a “buy” rating and a $135.00 price target for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Eight 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 company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $113.75.

Advanced Energy Industries Stock Performance

Shares of AEIS opened at $117.35 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The firm has a 50-day moving average of $108.24 and a 200-day moving average of $106.99. The company has a market cap of $4.42 billion, a PE ratio of 102.94, a price-to-earnings-growth ratio of 6.77 and a beta of 1.48. Advanced Energy Industries, Inc. has a one year low of $89.11 and a one year high of $120.81.

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

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is presently 35.09%.

Advanced Energy Industries Company 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.