Moody Aldrich Partners LLC Sells 717 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Moody Aldrich Partners LLC trimmed its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 1.7% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,779 shares of the electronics maker’s stock after selling 717 shares during the quarter. Moody Aldrich Partners LLC owned about 0.11% of Advanced Energy Industries worth $4,292,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Earnest Partners LLC increased its position in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock valued at $182,910,000 after purchasing an additional 199,578 shares during the last quarter. The Manufacturers Life Insurance Company raised its stake in Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock worth $70,442,000 after buying an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Advanced Energy Industries by 23.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock worth $58,754,000 after purchasing an additional 102,659 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Advanced Energy Industries by 1.6% during the first quarter. Vanguard Group Inc. now owns 4,543,395 shares of the electronics maker’s stock valued at $463,335,000 after buying an additional 73,028 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new stake in Advanced Energy Industries in the second quarter valued at approximately $6,873,000. Institutional investors own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Baird R W upgraded Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Wells Fargo & Company lowered their price target on Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. TD Cowen lifted their target price on shares of Advanced Energy Industries from $100.00 to $120.00 and gave the company a “hold” rating in a research report on Wednesday, July 31st. Stifel Nicolaus began coverage on Advanced Energy Industries in a research note on Thursday, August 15th. They issued a “buy” rating and a $135.00 price objective for the company. Finally, StockNews.com cut Advanced Energy Industries from a “hold” rating to a “sell” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $113.11.

Advanced Energy Industries Trading Up 0.1 %

NASDAQ AEIS traded up $0.06 on Thursday, reaching $106.06. The stock had a trading volume of 7,239 shares, compared to its average volume of 209,433. The company has a quick ratio of 4.22, a current ratio of 5.47 and a debt-to-equity ratio of 0.76. The stock has a fifty day moving average price of $104.04 and a two-hundred day moving average price of $104.37. Advanced Energy Industries, Inc. has a 12-month low of $81.86 and a 12-month high of $119.75. The firm has a market capitalization of $3.97 billion, a price-to-earnings ratio of 38.97, a P/E/G ratio of 5.41 and a beta of 1.49.

Advanced Energy Industries (NASDAQ:AEIS) last announced its earnings results on Tuesday, July 30th. The electronics maker reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.14. Advanced Energy Industries had a return on equity of 10.43% and a net margin of 6.00%. The company had revenue of $364.95 million during the quarter, compared to analysts’ expectations of $350.06 million. During the same period last year, the business posted $0.95 EPS. Advanced Energy Industries’s revenue for the quarter was down 12.2% on a year-over-year basis. As a group, sell-side analysts forecast that Advanced Energy Industries, Inc. will post 2.47 EPS for the current fiscal year.

Advanced Energy Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 6th. Investors of record on Monday, August 26th were paid a dividend of $0.10 per share. The ex-dividend date was Monday, August 26th. This represents a $0.40 annualized dividend and a yield of 0.38%. Advanced Energy Industries’s payout ratio is 14.71%.

Advanced Energy Industries Company Profile

Advanced Energy Industries, Inc provides precision power conversion, measurement, and control solutions in the United States and internationally. The company's plasma power products offer solutions to enable innovation for semiconductor and thin film plasma processes, such as dry etch and deposition.