MRA Advisory Group purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the second quarter, HoldingsChannel.com reports. The firm purchased 1,808 shares of the electronics maker’s stock, valued at approximately $674,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Keybank National Association OH acquired a new stake in shares of Advanced Energy Industries during the fourth quarter worth $644,000. Campbell Newman Asset Management Inc. purchased a new position in Advanced Energy Industries in the 4th quarter valued at $1,954,000. B. Metzler seel. Sohn & Co. AG acquired a new position in Advanced Energy Industries in the 4th quarter valued at $2,607,000. Wolverine Asset Management LLC acquired a new position in Advanced Energy Industries in the 4th quarter valued at $1,107,000. Finally, Comerica Bank raised its position in Advanced Energy Industries by 46.9% during the 4th quarter. Comerica Bank now owns 19,938 shares of the electronics maker’s stock worth $4,174,000 after buying an additional 6,361 shares during the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.
Advanced Energy Industries Stock Up 0.3%
AEIS opened at $325.02 on Friday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.13 and a current ratio of 3.79. The company has a market cap of $13.02 billion, a price-to-earnings ratio of 60.64, a PEG ratio of 1.17 and a beta of 1.29. Advanced Energy Industries, Inc. has a one year low of $143.38 and a one year high of $397.44. The business’s fifty day moving average is $320.49 and its two-hundred day moving average is $322.52.
Advanced Energy Industries Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Shareholders of record on Monday, August 24th will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th. Advanced Energy Industries’s dividend payout ratio is 7.46%.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Bank of America raised their target price on shares of Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Susquehanna increased their price target on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the stock a “positive” rating in a report on Tuesday, June 30th. Morgan Stanley raised their price objective on shares of Advanced Energy Industries from $421.00 to $439.00 and gave the company an “overweight” rating in a research report on Tuesday. TD Cowen boosted their target price on Advanced Energy Industries from $350.00 to $370.00 and gave the stock a “hold” rating in a research report on Tuesday. Finally, Citigroup increased their target price on Advanced Energy Industries from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Advanced Energy Industries presently has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
Read Our Latest Stock Report on Advanced Energy Industries
Advanced Energy Industries Company Profile
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
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