GSA Capital Partners LLP bought a new stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 2,119 shares of the electronics maker’s stock, valued at approximately $790,000.
A number of other institutional investors also recently made changes to their positions in the stock. Whittier Trust Co. of Nevada Inc. acquired a new stake in Advanced Energy Industries in the first quarter worth approximately $29,000. Root Financial Partners LLC boosted its stake in Advanced Energy Industries by 33.3% during the 1st quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 27 shares in the last quarter. Kemnay Advisory Services Inc. acquired a new position in shares of Advanced Energy Industries during 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. Finally, Main Street Group LTD bought a new stake in shares of Advanced Energy Industries in the 1st quarter worth $40,000. 99.67% of the stock is owned by institutional investors and hedge funds.
Advanced Energy Industries Price Performance
NASDAQ AEIS opened at $314.43 on Wednesday. The company has a current ratio of 3.79, a quick ratio of 2.94 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a 1 year low of $143.38 and a 1 year high of $397.44. The company has a market cap of $12.59 billion, a PE ratio of 58.66 and a beta of 1.29. The stock’s 50-day moving average price is $323.27 and its two-hundred day moving average price is $326.23.
Advanced Energy Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 4th. Stockholders of record on Monday, August 24th will be issued a $0.10 dividend. The ex-dividend date 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 is presently 7.46%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 target price on shares of Advanced Energy Industries in a report on Tuesday, August 4th. Bank of America upped their price target on shares of Advanced Energy Industries from $430.00 to $450.00 and gave the company a “buy” rating in a report on Tuesday, June 23rd. Seaport Research Partners upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $410.00 price objective for the company in a research report on Tuesday, August 4th. Wells Fargo & Company raised shares of Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $345.00 to $465.00 in a research note on Wednesday, July 1st. Finally, Weiss Ratings downgraded shares of Advanced Energy Industries from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average target price of $409.50.
Read Our Latest Report on Advanced Energy Industries
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.
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