Robotti Robert acquired a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 2,725 shares of the electronics maker’s stock, valued at approximately $1,016,000.
Several other institutional investors have also modified their holdings of the company. Kemnay Advisory Services Inc. acquired a new position in shares of Advanced Energy Industries during the fourth quarter worth $25,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Advanced Energy Industries in the second quarter valued at $27,000. Bayforest Capital Ltd acquired a new stake in Advanced Energy Industries in the fourth quarter valued at $29,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in Advanced Energy Industries during the 1st quarter worth about $29,000. Finally, Twin Tree Management LP purchased a new stake in Advanced Energy Industries during the 4th quarter worth about $32,000. 99.67% of the stock is owned by hedge funds and other institutional investors.
Advanced Energy Industries Stock Performance
Shares of AEIS stock opened at $314.43 on Wednesday. The stock’s 50-day moving average is $323.27 and its two-hundred day moving average is $326.23. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.94 and a current ratio of 3.79. Advanced Energy Industries, Inc. has a 1 year low of $143.38 and a 1 year high of $397.44. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 58.66 and a beta of 1.29.
Advanced Energy Industries Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, September 4th. Investors of record on Monday, August 24th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, August 24th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 7.46%.
Analysts Set New Price Targets
A number of research analysts have recently commented on AEIS shares. Seaport Research Partners upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price objective on the stock in a report on Tuesday, August 4th. Cantor Fitzgerald restated an “overweight” rating on shares of Advanced Energy Industries in a research note on Tuesday, August 4th. TD Cowen upped their price target on Advanced Energy Industries from $350.00 to $370.00 and gave the company a “hold” rating in a report on Tuesday, August 4th. Morgan Stanley increased their price target on shares of Advanced Energy Industries from $421.00 to $439.00 and gave the company an “overweight” rating in a research note on Tuesday, August 4th. Finally, Citigroup raised their price objective on shares of Advanced Energy Industries from $435.00 to $460.00 and gave the stock a “buy” rating in a report on Tuesday, August 4th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $409.50.
Check Out Our Latest Stock Analysis on AEIS
Advanced Energy Industries 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.
Featured Articles
- Five stocks we like better than Advanced Energy Industries
- The AI Boom Is Turning This Cable Maker Into a Stock to Watch
- A Star Investor Just Trimmed Amazon—Here’s What It means
- Wendy’s Deal Buzz May Give Fast-Food Investors a New Reason to Look
- Home Depot Analysts See a Path to $375 and Beyond
Want to see what other hedge funds are holding AEIS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report).
Receive News & Ratings for Advanced Energy Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Advanced Energy Industries and related companies with MarketBeat.com's FREE daily email newsletter.
