Ifrah Financial Services Inc. lowered its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 3.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,330 shares of the electronics maker’s stock after selling 76 shares during the quarter. Ifrah Financial Services Inc.’s holdings in Advanced Energy Industries were worth $309,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC raised its stake in shares of Advanced Energy Industries by 9.4% in the first quarter. Sequoia Financial Advisors LLC now owns 2,169 shares of the electronics maker’s stock valued at $207,000 after acquiring an additional 187 shares during the period. GAMMA Investing LLC raised its stake in shares of Advanced Energy Industries by 65.1% in the first quarter. GAMMA Investing LLC now owns 2,032 shares of the electronics maker’s stock valued at $194,000 after acquiring an additional 801 shares during the period. Teacher Retirement System of Texas purchased a new stake in shares of Advanced Energy Industries in the first quarter valued at $914,000. Vontobel Holding Ltd. raised its stake in shares of Advanced Energy Industries by 13.9% in the first quarter. Vontobel Holding Ltd. now owns 6,372 shares of the electronics maker’s stock valued at $607,000 after acquiring an additional 780 shares during the period. Finally, QRG Capital Management Inc. raised its stake in shares of Advanced Energy Industries by 6.7% in the first quarter. QRG Capital Management Inc. now owns 5,622 shares of the electronics maker’s stock valued at $536,000 after acquiring an additional 355 shares during the period. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Down 0.1%
Shares of Advanced Energy Industries stock opened at $191.98 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 2.97. Advanced Energy Industries, Inc. has a 1 year low of $75.01 and a 1 year high of $195.23. The firm’s 50-day moving average is $163.69 and its two-hundred day moving average is $134.51. The stock has a market cap of $7.24 billion, a price-to-earnings ratio of 86.87, a PEG ratio of 1.52 and a beta of 1.55.
Advanced Energy Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, September 5th. Shareholders of record on Monday, August 25th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, August 25th. Advanced Energy Industries’s dividend payout ratio is presently 18.10%.
Insider Transactions at Advanced Energy Industries
In other Advanced Energy Industries news, EVP John Donaghey sold 1,000 shares of the stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $160.73, for a total transaction of $160,730.00. Following the transaction, the executive vice president directly owned 10,029 shares in the company, valued at $1,611,961.17. This represents a 9.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.20% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several research firms recently commented on AEIS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Advanced Energy Industries in a research note on Wednesday, October 8th. Wall Street Zen raised shares of Advanced Energy Industries from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 9th. TD Cowen raised their price target on shares of Advanced Energy Industries from $118.00 to $140.00 and gave the stock a “hold” rating in a research note on Wednesday, August 6th. Needham & Company LLC raised their price target on shares of Advanced Energy Industries from $155.00 to $188.00 and gave the stock a “buy” rating in a research note on Monday, October 13th. Finally, Stifel Nicolaus raised their price target on shares of Advanced Energy Industries from $150.00 to $175.00 and gave the stock a “buy” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $154.44.
Get Our Latest Research Report on Advanced Energy Industries
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.
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