Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,958 shares of the electronics maker’s stock, valued at approximately $36,526,000. Connor Clark & Lunn Investment Management Ltd. owned 0.24% of Advanced Energy Industries at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the company. Keybank National Association OH purchased a new stake in Advanced Energy Industries during the fourth quarter valued at about $644,000. Comerica Bank lifted its position in shares of Advanced Energy Industries by 46.9% during the fourth quarter. Comerica Bank now owns 19,938 shares of the electronics maker’s stock worth $4,174,000 after acquiring an additional 6,361 shares in the last quarter. Wolverine Asset Management LLC bought a new position in shares of Advanced Energy Industries in the fourth quarter worth $1,107,000. Jennison Associates LLC bought a new position in shares of Advanced Energy Industries in the fourth quarter worth $1,665,000. Finally, Reinhart Partners LLC. purchased a new position in shares of Advanced Energy Industries in the second quarter valued at $3,433,000. 99.67% of the stock is owned by hedge funds and other institutional investors.
Insider Activity at Advanced Energy Industries
In other news, EVP Elizabeth Karpinski Vonne sold 908 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44. Following the sale, the executive vice president owned 10,712 shares in the company, valued at approximately $3,563,668.16. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, COO Eduardo Bernal Acebedo sold 24,771 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the sale, the chief operating officer directly owned 23,109 shares of the company’s stock, valued at $7,290,427.32. This represents a 51.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 1.30% of the company’s stock.
Advanced Energy Industries Price Performance
Advanced Energy Industries (NASDAQ:AEIS – Get Free Report) last released its quarterly earnings results on Monday, August 3rd. The electronics maker reported $2.74 earnings per share for the quarter, beating the consensus estimate of $2.21 by $0.53. The firm had revenue of $574.10 million for the quarter, compared to analysts’ expectations of $544.41 million. Advanced Energy Industries had a return on equity of 20.75% and a net margin of 10.77%.The company’s revenue was up 30.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.50 EPS. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. On average, research analysts forecast that Advanced Energy Industries, Inc. will post 9.18 earnings per share for the current fiscal year.
Advanced Energy Industries Announces Dividend
The business also recently announced 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 (DPR) is currently 7.46%.
Analyst Ratings Changes
A number of brokerages recently issued reports on AEIS. KeyCorp increased their price objective on Advanced Energy Industries from $375.00 to $415.00 and gave the stock an “overweight” rating in a report on Tuesday, May 5th. Susquehanna lifted their target price on Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a report on Tuesday, June 30th. Seaport Research Partners upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price target on the stock in a research report on Tuesday, August 4th. Needham & Company LLC reissued a “buy” rating and issued a $400.00 price target on shares of Advanced Energy Industries in a report on Tuesday, August 4th. Finally, Wells Fargo & Company upgraded shares of Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $345.00 to $465.00 in a research report on Wednesday, July 1st. 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 company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $409.50.
Check Out Our Latest Research Report on Advanced Energy Industries
About Advanced Energy Industries
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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