Tema ETFs LLC boosted its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 151.1% in the second quarter, Holdings Channel reports. The fund owned 96,621 shares of the electronics maker’s stock after purchasing an additional 58,140 shares during the period. Advanced Energy Industries accounts for about 1.2% of Tema ETFs LLC’s portfolio, making the stock its 20th biggest position. Tema ETFs LLC’s holdings in Advanced Energy Industries were worth $36,027,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the fourth quarter worth approximately $123,403,000. Fuller & Thaler Asset Management Inc. grew its position in Advanced Energy Industries by 1,734.1% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 427,674 shares of the electronics maker’s stock valued at $89,542,000 after buying an additional 404,356 shares during the last quarter. Wellington Management Group LLP purchased a new position in Advanced Energy Industries in the 3rd quarter valued at $50,173,000. Franklin Resources Inc. increased its stake in Advanced Energy Industries by 55.4% in the 4th quarter. Franklin Resources Inc. now owns 487,494 shares of the electronics maker’s stock valued at $102,067,000 after buying an additional 173,836 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in Advanced Energy Industries by 131.4% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 286,749 shares of the electronics maker’s stock valued at $60,037,000 after buying an additional 162,841 shares during the period. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Stock Performance
Shares of AEIS stock opened at $327.59 on Wednesday. The stock has a fifty day moving average price of $321.19 and a 200 day moving average price of $323.86. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. The stock has a market cap of $13.12 billion, a PE ratio of 61.12 and a beta of 1.29. Advanced Energy Industries, Inc. has a 1 year low of $143.38 and a 1 year high of $397.44.
Advanced Energy Industries Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th. Advanced Energy Industries’s dividend payout ratio is presently 7.46%.
Analyst Ratings Changes
Several research firms have recently commented on AEIS. Citigroup raised their target price on shares of Advanced Energy Industries from $435.00 to $460.00 and gave the stock a “buy” rating in a research note on Tuesday, August 4th. Susquehanna boosted their price target on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the stock a “positive” rating in a research note on Tuesday, June 30th. Wells Fargo & Company raised shares of Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $345.00 to $465.00 in a report on Wednesday, July 1st. 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, August 4th. Finally, Bank of America lifted their price objective on Advanced Energy Industries from $430.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.
Check Out Our Latest Research Report on Advanced Energy Industries
Advanced Energy Industries 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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