Ceredex Value Advisors LLC bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 98,850 shares of the electronics maker’s stock, valued at approximately $36,858,000. Advanced Energy Industries comprises 1.0% of Ceredex Value Advisors LLC’s portfolio, making the stock its 26th largest holding. Ceredex Value Advisors LLC owned about 0.25% of Advanced Energy Industries at the end of the most recent reporting period.
Several other large investors have also modified their holdings of AEIS. Royal Bank of Canada raised its position in shares of Advanced Energy Industries by 16.5% during the 1st quarter. Royal Bank of Canada now owns 11,155 shares of the electronics maker’s stock worth $1,063,000 after purchasing an additional 1,578 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Advanced Energy Industries by 47.7% during the 1st quarter. Advisors Asset Management Inc. now owns 539 shares of the electronics maker’s stock valued at $51,000 after buying an additional 174 shares during the last quarter. AQR Capital Management LLC acquired a new stake in Advanced Energy Industries during the 1st quarter valued at $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Advanced Energy Industries by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker’s stock worth $2,123,000 after buying an additional 970 shares in the last quarter. Finally, United Services Automobile Association purchased a new position in Advanced Energy Industries during the first quarter worth $228,000. 99.67% of the stock is currently owned by institutional investors and hedge funds.
Advanced Energy Industries Price Performance
AEIS stock opened at $292.62 on Friday. The stock has a market capitalization of $11.72 billion, a price-to-earnings ratio of 54.59 and a beta of 1.29. The company has a quick ratio of 2.94, a current ratio of 3.79 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a 52-week low of $144.09 and a 52-week high of $397.44. The stock’s fifty day simple moving average is $322.04 and its 200-day simple moving average is $326.67.
Advanced Energy Industries Dividend Announcement
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 dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Advanced Energy Industries’s dividend payout ratio is currently 7.46%.
Analyst Ratings Changes
Several analysts have recently issued reports on the company. Susquehanna upped their price objective on Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a research report on Tuesday, June 30th. Weiss Ratings cut Advanced Energy Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Robert W. Baird boosted their target price on shares of Advanced Energy Industries from $360.00 to $380.00 and gave the company an “outperform” rating in a research note on Tuesday, May 5th. Citigroup upped their target price on shares of Advanced Energy Industries from $435.00 to $460.00 and gave the company a “buy” rating in a report on Tuesday, August 4th. Finally, Bank of America raised their price target 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. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $409.50.
View Our Latest Stock Analysis on AEIS
Insider Activity
In related news, EVP Elizabeth Karpinski Vonne sold 908 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 10,712 shares of the company’s stock, valued at approximately $3,563,668.16. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 24,771 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer directly owned 23,109 shares in the company, valued at approximately $7,290,427.32. This represents a 51.74% decrease in their position. The SEC filing for this sale provides additional information. Corporate insiders own 1.30% of the company’s stock.
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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