Tema Etfs LLC Purchases Shares of 3,528 Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Tema Etfs LLC purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,528 shares of the electronics maker’s stock, valued at approximately $408,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Nisa Investment Advisors LLC grew its stake in Advanced Energy Industries by 1.7% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,008 shares of the electronics maker’s stock valued at $579,000 after purchasing an additional 85 shares in the last quarter. Integrated Investment Consultants LLC grew its stake in Advanced Energy Industries by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 4,594 shares of the electronics maker’s stock valued at $531,000 after purchasing an additional 100 shares in the last quarter. Summit Investment Advisors Inc. grew its stake in Advanced Energy Industries by 3.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,916 shares of the electronics maker’s stock valued at $453,000 after purchasing an additional 124 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Advanced Energy Industries by 61.6% in 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 in the last quarter. Finally, Principal Securities Inc. grew its stake in Advanced Energy Industries by 16.1% in the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock valued at $114,000 after purchasing an additional 137 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Lanesha Minnix sold 1,600 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total transaction of $206,992.00. Following the sale, the director now owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the sale, the chief operating officer now owns 19,822 shares in the company, valued at $2,212,333.42. This represents a 49.34% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 target price (down from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Robert W. Baird lifted their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Needham & Company LLC reduced their target price on Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Wells Fargo & Company dropped their price target on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a report on Thursday, February 13th. Finally, StockNews.com raised Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Tuesday, May 6th. 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 company. According to data from MarketBeat, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus target price of $124.67.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $118.15 on Monday. The stock has a market capitalization of $4.45 billion, a PE ratio of 82.62, a P/E/G ratio of 1.39 and a beta of 1.50. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The business has a fifty day moving average price of $99.46 and a two-hundred day moving average price of $110.57. Advanced Energy Industries, Inc. has a fifty-two week low of $75.01 and a fifty-two week high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.26. Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. The company had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. During the same quarter last year, the company posted $0.58 EPS. The company’s revenue for the quarter was up 23.5% compared to the same quarter last year. As a group, equities analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Monday, May 26th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.40 annualized dividend and a dividend yield of 0.34%. Advanced Energy Industries’s payout ratio is 20.62%.

About Advanced Energy Industries

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.