The Manufacturers Life Insurance Company Makes New $166.16 Million Investment in Advanced Energy Industries, Inc. $AEIS

The Manufacturers Life Insurance Company purchased a new position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the second quarter, HoldingsChannel reports. The institutional investor purchased 445,629 shares of the electronics maker’s stock, valued at approximately $166,162,000.

Several other hedge funds also recently modified their holdings of AEIS. Keybank National Association OH bought a new position in shares of Advanced Energy Industries during the 4th quarter worth about $644,000. Comerica Bank lifted its stake in shares of Advanced Energy Industries by 46.9% in the fourth quarter. Comerica Bank now owns 19,938 shares of the electronics maker’s stock valued at $4,174,000 after buying an additional 6,361 shares during the period. Wolverine Asset Management LLC acquired a new stake in Advanced Energy Industries during the fourth quarter worth about $1,107,000. Jennison Associates LLC acquired a new stake in Advanced Energy Industries during the fourth quarter worth about $1,665,000. Finally, Reinhart Partners LLC. bought a new position in Advanced Energy Industries during the second quarter valued at about $3,433,000. 99.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Advanced Energy Industries

In other Advanced Energy Industries news, EVP Elizabeth Karpinski Vonne sold 908 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $332.68, for a total value of $302,073.44. Following the transaction, the executive vice president owned 10,712 shares of the company’s stock, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 24,771 shares of the stock in a transaction on Tuesday, August 18th. The stock was sold at an average price of $315.48, for a total value of $7,814,755.08. Following the sale, the chief operating officer owned 23,109 shares in the company, valued at $7,290,427.32. The trade was a 51.74% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Cantor Fitzgerald reissued an “overweight” rating on shares of Advanced Energy Industries in a report on Tuesday, August 4th. Bank of America lifted their price target on shares of Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Zacks Research raised shares of Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. 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 note on Tuesday, August 4th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $400.00 price objective on shares of Advanced Energy Industries in a report on Tuesday, August 4th. One investment 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 stock. According to MarketBeat, Advanced Energy Industries has a consensus rating of “Moderate Buy” and a consensus price target of $409.50.

Advanced Energy Industries Price Performance

NASDAQ:AEIS opened at $274.67 on Tuesday. The firm has a market cap of $11.00 billion, a PE ratio of 51.24 and a beta of 1.29. Advanced Energy Industries, Inc. has a 12 month low of $144.09 and a 12 month high of $397.44. The company has a quick ratio of 2.94, a current ratio of 3.79 and a debt-to-equity ratio of 0.78. The company’s 50-day moving average price is $318.75 and its two-hundred day moving average price is $326.92.

Advanced Energy Industries (NASDAQ:AEIS) last posted its quarterly earnings data on Monday, August 3rd. The electronics maker reported $2.74 earnings per share for the quarter, topping the consensus estimate of $2.21 by $0.53. Advanced Energy Industries had a net margin of 10.77% and a return on equity of 20.75%. The company had revenue of $574.10 million during the quarter, compared to analyst estimates of $544.41 million. During the same quarter last year, the business posted $1.50 earnings per share. The company’s revenue was up 30.0% on a year-over-year basis. Advanced Energy Industries has set its Q3 2026 guidance at 2.750-3.250 EPS. On average, equities analysts anticipate that Advanced Energy Industries, Inc. will post 9.18 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The firm 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. This represents a $0.40 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend is Monday, August 24th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 7.46%.

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.