Robotti Robert acquired a new position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,725 shares of the electronics maker’s stock, valued at approximately $1,016,000.
A number of other hedge funds have also recently made changes to their positions in AEIS. Kemnay Advisory Services Inc. purchased a new stake in Advanced Energy Industries in the fourth quarter valued at approximately $25,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Advanced Energy Industries during the second quarter worth $27,000. Bayforest Capital Ltd purchased a new position in shares of Advanced Energy Industries during the fourth quarter worth $29,000. Whittier Trust Co. of Nevada Inc. purchased a new position in shares of Advanced Energy Industries during the first quarter worth $29,000. Finally, Twin Tree Management LP acquired a new stake in shares of Advanced Energy Industries in the fourth quarter valued at $32,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Down 9.8%
Shares of NASDAQ AEIS opened at $314.43 on Wednesday. The stock has a market cap of $12.59 billion, a P/E ratio of 58.66 and a beta of 1.29. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a 12-month low of $143.38 and a 12-month high of $397.44. The business’s fifty day simple moving average is $323.27 and its 200-day simple moving average is $326.23.
Advanced Energy Industries Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, August 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 7.46%.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on AEIS shares. Robert W. Baird increased their target price on Advanced Energy Industries from $360.00 to $380.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $400.00 target price on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. Cantor Fitzgerald reiterated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. Zacks Research raised shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Finally, Wall Street Zen raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two 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 an average price target of $409.50.
Read Our Latest Stock Analysis on AEIS
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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