Optimize Financial Inc Takes Position in Advanced Energy Industries, Inc. $AEIS

Optimize Financial Inc purchased a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 2,056 shares of the electronics maker’s stock, valued at approximately $350,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in AEIS. Lisanti Capital Growth LLC bought a new position in shares of Advanced Energy Industries during the third quarter worth about $3,464,000. Tributary Capital Management LLC boosted its holdings in shares of Advanced Energy Industries by 92.5% in the 3rd quarter. Tributary Capital Management LLC now owns 344,654 shares of the electronics maker’s stock valued at $58,639,000 after buying an additional 165,655 shares during the period. Rhumbline Advisers boosted its stake in Advanced Energy Industries by 3.4% in the second quarter. Rhumbline Advisers now owns 113,228 shares of the electronics maker’s stock valued at $15,003,000 after acquiring an additional 3,770 shares during the period. Fisher Asset Management LLC grew its holdings in shares of Advanced Energy Industries by 80.4% during the second quarter. Fisher Asset Management LLC now owns 273,993 shares of the electronics maker’s stock valued at $36,304,000 after purchasing an additional 122,094 shares during the last quarter. Finally, Blair William & Co. IL acquired a new stake in shares of Advanced Energy Industries during the 2nd quarter worth approximately $253,000. Institutional investors and hedge funds own 99.67% of the company’s stock.

Advanced Energy Industries Stock Up 1.2%

NASDAQ AEIS opened at $257.64 on Friday. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $277.14. The company has a market capitalization of $9.72 billion, a P/E ratio of 67.62, a PEG ratio of 1.22 and a beta of 1.41. The company’s 50 day simple moving average is $231.68 and its 200 day simple moving average is $193.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 4.10 and a quick ratio of 3.01.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Tuesday, November 4th. The electronics maker reported $1.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.47 by $0.27. The business had revenue of $463.30 million for the quarter, compared to analysts’ expectations of $441.54 million. Advanced Energy Industries had a return on equity of 14.27% and a net margin of 8.41%.The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.98 EPS. Equities research analysts expect that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Monday, February 23rd will be issued a $0.10 dividend. The ex-dividend date is Monday, February 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.2%. Advanced Energy Industries’s dividend payout ratio is presently 10.50%.

Analysts Set New Price Targets

Several brokerages have weighed in on AEIS. Robert W. Baird set a $190.00 target price on Advanced Energy Industries in a research report on Monday, October 27th. Zacks Research cut shares of Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Bank of America boosted their target price 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. Stifel Nicolaus raised their price target on shares of Advanced Energy Industries from $230.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Finally, Wall Street Zen downgraded Advanced Energy Industries from a “strong-buy” rating to a “buy” rating in a research report on Sunday, January 18th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $255.50.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, Director Tina Donikowski sold 2,257 shares of the company’s stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $210.33, for a total value of $474,714.81. Following the transaction, the director owned 8,248 shares in the company, valued at approximately $1,734,801.84. This represents a 21.49% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul R. Oldham sold 8,174 shares of the company’s stock in a transaction on Wednesday, November 19th. The stock was sold at an average price of $203.11, for a total transaction of $1,660,221.14. Following the completion of the transaction, the executive vice president directly owned 24,792 shares in the company, valued at $5,035,503.12. This trade represents a 24.80% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 1.20% of the company’s stock.

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.