Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix Sells 1,600 Shares of Stock

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix sold 1,600 shares of the company’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now directly owns 3,492 shares of the company’s stock, valued at $451,760.04. This trade represents a 31.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Advanced Energy Industries Stock Up 3.8 %

Shares of NASDAQ AEIS opened at $131.54 on Thursday. The firm has a fifty day simple moving average of $118.02 and a two-hundred day simple moving average of $111.01. The firm has a market capitalization of $4.96 billion, a PE ratio of 91.99, a price-to-earnings-growth ratio of 1.33 and a beta of 1.45. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $131.64.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Equities analysts expect that Advanced Energy Industries, Inc. will post 3.78 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Monday, February 24th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, February 24th. This represents a $0.40 annualized dividend and a yield of 0.30%. Advanced Energy Industries’s payout ratio is 27.97%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AEIS. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price objective on the stock in a research note on Monday, December 16th. TD Cowen decreased their price target on 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. Stifel Nicolaus boosted their price objective on Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a research report on Thursday, February 13th. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Finally, Robert W. Baird dropped 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 research report on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $126.56.

Hedge Funds Weigh In On Advanced Energy Industries

A number of institutional investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in shares of Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after buying an additional 182 shares during the period. Huntington National Bank grew its holdings in Advanced Energy Industries by 200.0% in the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 208 shares during the period. Quantbot Technologies LP bought a new position in shares of Advanced Energy Industries during the third quarter valued at approximately $41,000. Russell Investments Group Ltd. lifted its holdings in shares of Advanced Energy Industries by 61.6% during the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock valued at $41,000 after purchasing an additional 135 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Advanced Energy Industries in the 4th quarter worth approximately $47,000. Institutional investors own 99.67% 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.