Geode Capital Management LLC Has $93.09 Million Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Geode Capital Management LLC lifted its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.7% in the third quarter, Holdings Channel.com reports. The fund owned 884,402 shares of the electronics maker’s stock after purchasing an additional 15,030 shares during the quarter. Geode Capital Management LLC’s holdings in Advanced Energy Industries were worth $93,094,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Earnest Partners LLC boosted its position 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 buying an additional 199,578 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Advanced Energy Industries by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock valued at $103,428,000 after purchasing an additional 15,577 shares in the last quarter. The Manufacturers Life Insurance Company raised its position in Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after purchasing an additional 118,328 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after purchasing an additional 102,659 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of Advanced Energy Industries by 2.8% in the second quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker’s stock valued at $55,949,000 after buying an additional 13,967 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Susquehanna reduced their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating on the stock in a research report on Friday, October 11th. Baird R W upgraded shares of Advanced Energy Industries to a “strong-buy” rating in a research report on Friday, September 20th. TD Cowen decreased 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 research note on Thursday, October 31st. Robert W. Baird boosted their price objective on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Benchmark reiterated a “buy” rating and issued a $125.00 price objective on shares of Advanced Energy Industries in a research report on Wednesday, November 20th. Six research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $120.25.

Advanced Energy Industries Trading Down 1.9 %

AEIS opened at $113.93 on Friday. The firm’s fifty day moving average is $113.34 and its two-hundred day moving average is $108.31. The firm has a market cap of $4.29 billion, a PE ratio of 99.94, a price-to-earnings-growth ratio of 6.92 and a beta of 1.47. Advanced Energy Industries, Inc. has a twelve month low of $89.11 and a twelve month high of $124.48. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 EPS for the quarter, topping the consensus estimate 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 business had revenue of $374.20 million for the quarter, compared to the consensus estimate of $372.49 million. During the same quarter last year, the business posted $1.12 EPS. The firm’s revenue was down 8.7% compared to the same quarter last year. Equities research analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 EPS for the current year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 6th. Shareholders of record on Monday, November 25th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the completion of the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

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.