MQS Management LLC Invests $664,000 in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

MQS Management LLC bought a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the third quarter, Holdings Channel reports. The firm bought 6,305 shares of the electronics maker’s stock, valued at approximately $664,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AEIS. Earnest Partners LLC grew its position in Advanced Energy Industries by 13.5% in the second quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after acquiring an additional 199,578 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Advanced Energy Industries by 22.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Advanced Energy Industries by 23.5% in the second quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after acquiring an additional 102,659 shares in the last quarter. Vanguard Group Inc. grew its stake in Advanced Energy Industries by 1.6% during the 1st quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after purchasing an additional 73,028 shares in the last quarter. Finally, Great Lakes Advisors LLC purchased a new stake in Advanced Energy Industries during the 2nd quarter worth approximately $6,873,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Performance

AEIS opened at $114.29 on Wednesday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The business’s 50 day moving average is $105.30 and its 200-day moving average is $106.11. The stock has a market cap of $4.31 billion, a PE ratio of 100.26, a price-to-earnings-growth ratio of 6.92 and a beta of 1.48. Advanced Energy Industries, Inc. has a twelve month low of $87.61 and a twelve month high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.91 by $0.07. The company had revenue of $374.20 million during the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The firm’s quarterly revenue was down 8.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. On average, analysts predict that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.35%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

Analyst Upgrades and Downgrades

AEIS has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Benchmark reiterated a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a research note on Wednesday, July 31st. Wells Fargo & Company cut their price objective on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Robert W. Baird lowered their target price on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating for the company in a research note on Friday, November 1st. Finally, Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a report on Friday, September 20th. Eight equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $112.75.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.