Advanced Energy Industries, Inc. Plans Quarterly Dividend of $0.10 (NASDAQ:AEIS)

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Tuesday, February 11th,RTT News reports. Shareholders of record on Monday, February 24th will be given a dividend of 0.10 per share by the electronics maker on Friday, March 7th. This represents a $0.40 dividend on an annualized basis and a yield of 0.35%.

Advanced Energy Industries has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Advanced Energy Industries to earn $3.78 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 10.6%.

Advanced Energy Industries Stock Up 1.0 %

Shares of NASDAQ AEIS opened at $112.83 on Tuesday. 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 stock has a market capitalization of $4.25 billion, a PE ratio of 98.97, a P/E/G ratio of 3.60 and a beta of 1.45. Advanced Energy Industries has a one year low of $89.11 and a one year high of $130.50. The business’s fifty day moving average price is $117.40 and its 200-day moving average price is $110.39.

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of the company’s 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 transaction, the director now directly owns 5,092 shares in the company, valued at $568,878.24. This represents a 16.41 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on AEIS shares. Bank of America upgraded shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Monday, December 16th. Robert W. Baird raised their price objective on shares of Advanced Energy Industries from $124.00 to $134.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $138.00 in a report on Monday, January 6th. Benchmark reaffirmed a “buy” rating and issued a $125.00 price target on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $126.89.

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.