Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) announced a quarterly dividend on Friday, October 31st. Stockholders of record on Monday, November 24th will be paid a dividend of 0.10 per share by the electronics maker on Friday, December 5th. This represents a c) annualized dividend and a dividend yield of 0.2%. The ex-dividend date is Monday, November 24th.
Advanced Energy Industries has a dividend payout ratio of 6.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Advanced Energy Industries to earn $5.07 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 7.9%.
Advanced Energy Industries Stock Performance
Shares of AEIS opened at $202.73 on Friday. Advanced Energy Industries has a one year low of $75.01 and a one year high of $213.63. The company has a market cap of $7.65 billion, a PE ratio of 91.73, a P/E/G ratio of 1.65 and a beta of 1.55. The company has a debt-to-equity ratio of 0.45, a current ratio of 4.09 and a quick ratio of 2.97. The stock has a 50-day moving average of $173.12 and a 200-day moving average of $143.15.
Insider Activity at Advanced Energy Industries
In other Advanced Energy Industries news, EVP John Donaghey sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on 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 owned 10,029 shares of the company’s stock, valued at $1,611,961.17. This trade represents a 9.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.20% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Advanced Energy Industries
Several hedge funds have recently modified their holdings of AEIS. Private Trust Co. NA lifted its position in shares of Advanced Energy Industries by 92.4% during the 3rd quarter. Private Trust Co. NA now owns 152 shares of the electronics maker’s stock worth $26,000 after buying an additional 73 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Advanced Energy Industries by 203.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 173 shares of the electronics maker’s stock worth $29,000 after buying an additional 116 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Advanced Energy Industries during the 1st quarter worth approximately $31,000. Bessemer Group Inc. increased its stake in shares of Advanced Energy Industries by 98.3% during the 2nd quarter. Bessemer Group Inc. now owns 234 shares of the electronics maker’s stock worth $31,000 after purchasing an additional 116 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in shares of Advanced Energy Industries by 42.9% during the 2nd quarter. UMB Bank n.a. now owns 313 shares of the electronics maker’s stock worth $41,000 after purchasing an additional 94 shares during the last quarter. 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.
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