Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) EVP Elizabeth Karpinski Vonne sold 966 shares of the firm’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $369.40, for a total transaction of $356,840.40. Following the transaction, the executive vice president directly owned 11,616 shares of the company’s stock, valued at approximately $4,290,950.40. This trade represents a 7.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Elizabeth Karpinski Vonne also recently made the following trade(s):
- On Monday, February 23rd, Elizabeth Karpinski Vonne sold 964 shares of Advanced Energy Industries stock. The stock was sold at an average price of $328.42, for a total transaction of $316,596.88.
Advanced Energy Industries Stock Performance
AEIS stock opened at $377.19 on Thursday. The stock has a market capitalization of $14.28 billion, a P/E ratio of 98.74, a PEG ratio of 2.82 and a beta of 1.35. Advanced Energy Industries, Inc. has a one year low of $91.39 and a one year high of $397.44. The company has a 50 day moving average price of $334.46 and a two-hundred day moving average price of $260.15.
Advanced Energy Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Monday, February 23rd were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Monday, February 23rd. Advanced Energy Industries’s payout ratio is presently 10.47%.
Analyst Ratings Changes
Several analysts have commented on AEIS shares. Zacks Research cut shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 9th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Advanced Energy Industries in a research note on Friday, March 27th. Robert W. Baird lifted their target price on shares of Advanced Energy Industries from $315.00 to $360.00 and gave the stock an “outperform” rating in a research note on Monday, March 30th. Susquehanna lifted their price target on shares of Advanced Energy Industries from $300.00 to $375.00 and gave the company a “positive” rating in a report on Wednesday, February 11th. Finally, KeyCorp lifted their price target on shares of Advanced Energy Industries from $330.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, March 2nd. Eight equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $322.50.
Check Out Our Latest Stock Analysis on AEIS
Hedge Funds Weigh In On Advanced Energy Industries
Hedge funds have recently made changes to their positions in the stock. Kemnay Advisory Services Inc. acquired a new position in shares of Advanced Energy Industries in the 4th quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new position in shares of Advanced Energy Industries during the 1st quarter valued at $40,000. Bayforest Capital Ltd acquired a new position in shares of Advanced Energy Industries during the 4th quarter valued at $29,000. Private Trust Co. NA lifted its holdings in shares of Advanced Energy Industries by 92.4% during the 3rd quarter. Private Trust Co. NA now owns 152 shares of the electronics maker’s stock valued at $26,000 after acquiring an additional 73 shares in the last quarter. Finally, Twin Tree Management LP acquired a new position in shares of Advanced Energy Industries during the 4th quarter valued at $32,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Company Profile
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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