Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix Sells 1,000 Shares

Advanced Energy Industries, Inc. (NASDAQ:AEIS) Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction dated Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total value of $111,720.00. Following the completion of the sale, the director now owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Advanced Energy Industries Trading Down 0.7 %

NASDAQ AEIS opened at $110.77 on Thursday. The stock’s 50-day moving average is $107.20 and its 200-day moving average is $106.66. Advanced Energy Industries, Inc. has a one year low of $89.11 and a one year 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 cap of $4.17 billion, a P/E ratio of 97.17, a P/E/G ratio of 6.60 and a beta of 1.48.

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

Advanced Energy Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Monday, November 25th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, November 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.36%. Advanced Energy Industries’s dividend payout ratio is currently 35.09%.

Wall Street Analyst Weigh In

AEIS has been the subject of a number of recent research reports. Baird R W raised shares of Advanced Energy Industries to a “strong-buy” rating in a research note on Friday, September 20th. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research report on Monday, November 4th. TD Cowen reduced their price target on Advanced Energy Industries from $120.00 to $118.00 and set a “hold” rating on the stock in a research report on Thursday, October 31st. Needham & Company LLC reaffirmed a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday. Finally, Robert W. Baird cut their target price on Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Eight equities research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $113.75.

Institutional Investors Weigh In On Advanced Energy Industries

Institutional investors have recently bought and sold shares of the company. Stifel Financial Corp raised its holdings in shares of Advanced Energy Industries by 1.0% in the third quarter. Stifel Financial Corp now owns 10,752 shares of the electronics maker’s stock valued at $1,132,000 after purchasing an additional 102 shares during the last quarter. Hilltop National Bank increased its stake in Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock valued at $107,000 after buying an additional 116 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in Advanced Energy Industries by 1.7% during the 2nd quarter. Azzad Asset Management Inc. ADV now owns 7,322 shares of the electronics maker’s stock worth $796,000 after buying an additional 124 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Advanced Energy Industries by 5.5% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 2,496 shares of the electronics maker’s stock worth $263,000 after buying an additional 130 shares during the last quarter. Finally, Pitcairn Co. grew its holdings in shares of Advanced Energy Industries by 3.9% in the 1st quarter. Pitcairn Co. now owns 4,406 shares of the electronics maker’s stock valued at $449,000 after acquiring an additional 164 shares in the last quarter. Institutional investors own 99.67% of the company’s stock.

About Advanced Energy Industries

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.