Royce & Associates LP Lowers Stock Holdings in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Royce & Associates LP reduced its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 9.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,656 shares of the electronics maker’s stock after selling 7,520 shares during the period. Royce & Associates LP owned about 0.18% of Advanced Energy Industries worth $7,225,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of AEIS. Huntington National Bank raised its stake in Advanced Energy Industries by 200.0% in the third quarter. Huntington National Bank now owns 312 shares of the electronics maker’s stock valued at $33,000 after buying an additional 208 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Advanced Energy Industries by 157.6% during the second quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after buying an additional 383 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Advanced Energy Industries during the second quarter worth about $87,000. Blue Trust Inc. boosted its holdings in Advanced Energy Industries by 2,150.0% in the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock valued at $88,000 after purchasing an additional 774 shares in the last quarter. Finally, Signaturefd LLC boosted its holdings in Advanced Energy Industries by 28.0% in the 3rd quarter. Signaturefd LLC now owns 1,007 shares of the electronics maker’s stock valued at $106,000 after purchasing an additional 220 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AEIS shares. Wells Fargo & Company reduced their price target on shares of Advanced Energy Industries from $103.00 to $98.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Benchmark reiterated a “buy” rating and issued a $117.00 price target on shares of Advanced Energy Industries in a report on Wednesday, July 31st. Susquehanna cut their price target on Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a report on Friday, October 11th. TD Cowen lowered their price objective on shares of Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating for the company in a research note on Thursday, October 31st. Finally, Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. Eight investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Advanced Energy Industries currently has a consensus rating of “Hold” and an average price target of $112.75.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $109.45 on Monday. Advanced Energy Industries, Inc. has a 12 month low of $89.11 and a 12 month high of $120.81. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. The firm has a market capitalization of $4.12 billion, a P/E ratio of 96.01, a P/E/G ratio of 6.47 and a beta of 1.48. The company’s fifty day moving average price is $106.22 and its two-hundred day moving average price is $106.43.

Advanced Energy Industries (NASDAQ:AEIS) last issued its earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.91 by $0.07. The business had revenue of $374.20 million for the quarter, compared to analyst estimates of $372.49 million. Advanced Energy Industries had a net margin of 2.91% and a return on equity of 9.02%. The company’s revenue for the quarter was down 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.12 EPS. On average, research analysts anticipate that Advanced Energy Industries, Inc. will post 2.5 earnings per share for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 35.09%.

Advanced Energy Industries 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.