Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) EVP Elizabeth Vonne sold 632 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $288.14, for a total transaction of $182,104.48. Following the transaction, the executive vice president directly owned 9,177 shares of the company’s stock, valued at approximately $2,644,260.78. This represents a 6.44% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Elizabeth Karpinski Vonne also recently made the following trade(s):
- On Thursday, August 27th, Elizabeth Vonne sold 907 shares of Advanced Energy Industries stock. The shares were sold at an average price of $290.05, for a total value of $263,075.35.
- On Tuesday, August 18th, Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock. The stock was sold at an average price of $332.68, for a total value of $302,073.44.
Advanced Energy Industries Price Performance
NASDAQ AEIS opened at $287.25 on Friday. The stock has a 50-day simple moving average of $297.08 and a 200 day simple moving average of $324.77. Advanced Energy Industries, Inc. has a twelve month low of $155.07 and a twelve month high of $397.44. The stock has a market capitalization of $11.50 billion, a PE ratio of 53.59 and a beta of 1.31. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79.
Advanced Energy Industries Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date was Monday, August 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 7.46%.
Wall Street Analysts Forecast Growth
A number of research analysts have recently commented on AEIS shares. 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. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. TD Cowen upped their price target on Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a report on Tuesday, August 4th. Wells Fargo & Company raised Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $345.00 to $465.00 in a report on Wednesday, July 1st. Finally, Bank of America lifted their price objective on Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $409.50.
Get Our Latest Stock Analysis on Advanced Energy Industries
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in AEIS. Royal Bank of Canada grew its holdings in shares of Advanced Energy Industries by 16.5% in 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. lifted 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 purchasing an additional 174 shares during the last quarter. AQR Capital Management LLC acquired a new position in Advanced Energy Industries in the first quarter valued at about $468,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Advanced Energy Industries by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 22,278 shares of the electronics maker’s stock valued at $2,123,000 after buying an additional 970 shares in the last quarter. Finally, United Services Automobile Association bought a new stake in Advanced Energy Industries during the first quarter worth about $228,000. 99.67% of the stock is owned by institutional investors.
About Advanced Energy Industries
Advanced Energy Industries, Inc (NASDAQ: AEIS) designs and manufactures highly engineered power conversion, measurement and control solutions. Its products help customers generate, control, convert, distribute and measure electrical power in demanding applications that require precision, reliability and high performance.
The company’s product portfolio includes direct-current and alternating-current power systems, high-voltage power supplies, radio-frequency power systems, pulsed power solutions, power delivery systems, measurement instruments and thermal-management products.
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