Summit Investment Advisors Inc. Increases Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Summit Investment Advisors Inc. increased its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,916 shares of the electronics maker’s stock after purchasing an additional 124 shares during the quarter. Summit Investment Advisors Inc.’s holdings in Advanced Energy Industries were worth $453,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Versant Capital Management Inc boosted its stake in Advanced Energy Industries by 535.3% in the 4th quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after purchasing an additional 182 shares during the period. Russell Investments Group Ltd. boosted its position in shares of Advanced Energy Industries by 61.6% during the fourth quarter. Russell Investments Group Ltd. now owns 354 shares of the electronics maker’s stock worth $41,000 after acquiring an additional 135 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Advanced Energy Industries during the fourth quarter valued at $74,000. Principal Securities Inc. increased its holdings in Advanced Energy Industries by 16.1% in the 4th quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock valued at $114,000 after acquiring an additional 137 shares during the last quarter. Finally, Blue Trust Inc. lifted its stake in Advanced Energy Industries by 26.3% in the 4th quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock worth $108,000 after purchasing an additional 213 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

Analyst Ratings Changes

AEIS has been the topic of several research reports. Stifel Nicolaus lifted their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Robert W. Baird lowered their target price on Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Citigroup upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $145.00 price objective on shares of Advanced Energy Industries in a research report on Thursday, February 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 company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Stock Performance

Shares of NASDAQ:AEIS opened at $86.79 on Friday. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 60.69, a PEG ratio of 1.39 and a beta of 1.47. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $132.16. The firm’s 50-day moving average is $104.06 and its 200 day moving average is $110.80.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing analysts’ consensus estimates of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. Research analysts predict that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, February 24th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.46%. Advanced Energy Industries’s dividend payout ratio (DPR) is 27.97%.

Insider Activity

In related news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now owns 19,822 shares in the company, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction on Wednesday, February 19th. The stock was sold at an average price of $129.37, for a total value of $206,992.00. Following the transaction, the director now owns 3,492 shares in the company, valued at $451,760.04. The trade was a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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.