Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. lowered its holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 0.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,424 shares of the electronics maker’s stock after selling 275 shares during the period. Oppenheimer Asset Management Inc. owned about 0.10% of Advanced Energy Industries worth $4,044,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. GAMMA Investing LLC increased its position in shares of Advanced Energy Industries by 157.6% in the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Advanced Energy Industries in the second quarter worth approximately $87,000. Blue Trust Inc. increased its position in shares of Advanced Energy Industries by 2,150.0% in the third quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after acquiring an additional 774 shares in the last quarter. Signaturefd LLC increased its position in shares of Advanced Energy Industries by 28.0% in the third quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock worth $106,000 after acquiring an additional 220 shares in the last quarter. Finally, Hilltop National Bank increased its position in shares of Advanced Energy Industries by 13.4% in the second quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after acquiring an additional 116 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

NASDAQ AEIS opened at $109.45 on Friday. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. The stock has a market capitalization of $4.12 billion, a PE ratio of 96.01, a price-to-earnings-growth ratio of 6.67 and a beta of 1.48. The company has a 50 day moving average price of $106.22 and a two-hundred day moving average price of $106.29. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $120.81.

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

Advanced Energy Industries Dividend Announcement

The company also recently disclosed 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 0.37%. The ex-dividend date is Monday, November 25th. Advanced Energy Industries’s payout ratio is 35.09%.

Analyst Ratings Changes

Several research analysts have recently weighed in on AEIS shares. StockNews.com raised shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Needham & Company LLC reissued a “hold” rating on shares of Advanced Energy Industries in a research report on Thursday, October 31st. TD Cowen decreased their price target on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a report on Thursday, October 31st. Wells Fargo & Company decreased their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Finally, Stifel Nicolaus assumed coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 price target for the company. Eight 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 company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target 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.