Meeder Asset Management Inc. Sells 108 Shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Meeder Asset Management Inc. cut its holdings in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 23.6% during the 4th quarter, Holdings Channel reports. The firm owned 350 shares of the electronics maker’s stock after selling 108 shares during the period. Meeder Asset Management Inc.’s holdings in Advanced Energy Industries were worth $40,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc grew its position in Advanced Energy Industries by 535.3% during the fourth quarter. Versant Capital Management Inc now owns 216 shares of the electronics maker’s stock worth $25,000 after buying an additional 182 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Advanced Energy Industries in the third quarter worth $41,000. Venturi Wealth Management LLC acquired a new position in Advanced Energy Industries in the fourth quarter valued at about $74,000. Principal Securities Inc. lifted its position in Advanced Energy Industries by 16.1% during the fourth quarter. Principal Securities Inc. now owns 989 shares of the electronics maker’s stock worth $114,000 after purchasing an additional 137 shares during the period. Finally, Blue Trust Inc. lifted its position in Advanced Energy Industries by 26.3% during the fourth quarter. Blue Trust Inc. now owns 1,023 shares of the electronics maker’s stock worth $108,000 after purchasing an additional 213 shares during the period. 99.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AEIS shares. Stifel Nicolaus increased their price target on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 target price for the company in a research note on Monday, December 16th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 price target on shares of Advanced Energy Industries in a research note on Thursday, February 13th. Citigroup raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $138.00 in a report on Monday, January 6th. Finally, Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 13th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries currently has an average rating of “Moderate Buy” and a consensus price target of $126.56.

Advanced Energy Industries Stock Performance

NASDAQ AEIS opened at $95.16 on Wednesday. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The company has a fifty day simple moving average of $112.63 and a 200 day simple moving average of $112.48. Advanced Energy Industries, Inc. has a 12-month low of $89.12 and a 12-month high of $132.16. The company has a market cap of $3.61 billion, a P/E ratio of 66.55, a PEG ratio of 1.39 and a beta of 1.43.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data on Wednesday, February 12th. The electronics maker reported $1.06 EPS for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a return on equity of 8.90% and a net margin of 3.66%. Sell-side analysts predict that Advanced Energy Industries, Inc. will post 3.66 earnings per share for the current fiscal year.

Advanced Energy Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were given a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 annualized dividend and a dividend yield of 0.42%. Advanced Energy Industries’s dividend payout ratio is currently 27.97%.

Insiders Place Their Bets

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction dated Monday, March 3rd. The shares were sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the transaction, the chief operating officer now owns 19,822 shares in the company, valued at $2,212,333.42. This trade represents a 49.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the transaction, the director now owns 3,492 shares of the company’s stock, valued at $451,760.04. This represents a 31.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

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.