Orion Porfolio Solutions LLC raised its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 65.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 14,660 shares of the electronics maker’s stock after purchasing an additional 5,776 shares during the period. Orion Porfolio Solutions LLC’s holdings in Advanced Energy Industries were worth $2,494,000 as of its most recent SEC filing.
Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA grew its holdings in shares of Advanced Energy Industries by 92.4% during the third quarter. Private Trust Co. NA now owns 152 shares of the electronics maker’s stock worth $26,000 after buying an additional 73 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Advanced Energy Industries by 203.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 173 shares of the electronics maker’s stock valued at $29,000 after acquiring an additional 116 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Advanced Energy Industries by 67.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 312 shares of the electronics maker’s stock valued at $41,000 after acquiring an additional 126 shares in the last quarter. Salomon & Ludwin LLC acquired a new position in Advanced Energy Industries during the 3rd quarter worth approximately $46,000. Finally, Advisors Asset Management Inc. boosted its position 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 worth $51,000 after acquiring an additional 174 shares during the last quarter. 99.67% of the stock is currently owned by institutional investors.
Advanced Energy Industries Trading Up 2.1%
NASDAQ AEIS opened at $311.39 on Wednesday. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $350.00. The stock has a 50 day moving average of $277.64 and a 200-day moving average of $221.33. The company has a market cap of $11.75 billion, a PE ratio of 81.52, a PEG ratio of 2.23 and a beta of 1.35.
Advanced Energy Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Stockholders of record on Monday, February 23rd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Monday, February 23rd. Advanced Energy Industries’s dividend payout ratio is presently 10.47%.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on AEIS. Citigroup lifted their price objective on shares of Advanced Energy Industries from $255.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, February 12th. Susquehanna increased their target price on shares of Advanced Energy Industries from $300.00 to $375.00 and gave the stock a “positive” rating in a report on Wednesday, February 11th. Stifel Nicolaus raised their target price on shares of Advanced Energy Industries from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 11th. Bank of America lifted their price target on shares of Advanced Energy Industries from $260.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Finally, Needham & Company LLC boosted their price target on shares of Advanced Energy Industries from $290.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, February 11th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Advanced Energy Industries has an average rating of “Moderate Buy” and a consensus price target of $308.50.
View Our Latest Analysis on AEIS
Insider Transactions at Advanced Energy Industries
In related news, Director Lanesha Minnix sold 1,000 shares of the firm’s stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $316.62, for a total value of $316,620.00. Following the completion of the sale, the director directly owned 4,585 shares in the company, valued at approximately $1,451,702.70. This trade represents a 17.91% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Elizabeth Karpinski Vonne sold 964 shares of Advanced Energy Industries stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $328.42, for a total value of $316,596.88. Following the transaction, the executive vice president owned 11,683 shares of the company’s stock, valued at $3,836,930.86. The trade was a 7.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.20% of the stock is currently owned by corporate insiders.
About Advanced Energy Industries
Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.
Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.
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