Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Sheets Smith Wealth Management

Sheets Smith Wealth Management boosted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 7,127 shares of the electronics maker’s stock after acquiring an additional 230 shares during the quarter. Sheets Smith Wealth Management’s holdings in Advanced Energy Industries were worth $824,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc grew its holdings in Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after acquiring an additional 182 shares during the period. Huntington National Bank grew its stake in shares of Advanced Energy Industries by 200.0% during the 3rd quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock worth $33,000 after purchasing an additional 208 shares during the period. Quantbot Technologies LP purchased a new position in shares of Advanced Energy Industries during the 3rd quarter valued at approximately $41,000. Meeder Asset Management Inc. boosted its holdings in Advanced Energy Industries by 68.4% during the third quarter. Meeder Asset Management Inc. now owns 458 shares of the electronics maker’s stock worth $48,000 after buying an additional 186 shares in the last quarter. Finally, Canada Pension Plan Investment Board purchased a new position in Advanced Energy Industries in the second quarter valued at $87,000. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Insiders Place Their Bets

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $111.72, for a total value of $111,720.00. Following the transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. The trade was a 16.41 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently commented on AEIS. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Monday, December 16th. TD Cowen cut their price objective on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. Benchmark reissued a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Finally, Wells Fargo & Company increased their price objective on shares of Advanced Energy Industries from $105.00 to $115.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $126.89.

Advanced Energy Industries Price Performance

Advanced Energy Industries stock opened at $127.55 on Wednesday. The company has a fifty day simple moving average of $116.82 and a 200-day simple moving average of $110.03. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 111.89, a PEG ratio of 3.85 and a beta of 1.46. The company has a quick ratio of 3.32, a current ratio of 4.62 and a debt-to-equity ratio of 0.48. Advanced Energy Industries, Inc. has a 52-week low of $89.11 and a 52-week high of $128.70.

Advanced Energy Industries (NASDAQ:AEIS) last announced its quarterly earnings data on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company had revenue of $374.20 million during the quarter, compared to analysts’ expectations of $372.49 million. During the same quarter in the prior year, the company earned $1.12 EPS. Advanced Energy Industries’s revenue was down 8.7% compared to the same quarter last year. On average, equities analysts anticipate that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 6th. Investors of record on Monday, November 25th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.31%. Advanced Energy Industries’s payout ratio is 35.09%.

About Advanced Energy Industries

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.