Atria Investments Inc Lowers Stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Atria Investments Inc lessened its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 5.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,942 shares of the electronics maker’s stock after selling 675 shares during the period. Atria Investments Inc’s holdings in Advanced Energy Industries were worth $1,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AEIS. GAMMA Investing LLC grew its stake in Advanced Energy Industries by 157.6% in the 2nd quarter. GAMMA Investing LLC now owns 626 shares of the electronics maker’s stock worth $68,000 after acquiring an additional 383 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in Advanced Energy Industries in the second quarter worth approximately $87,000. Blue Trust Inc. increased its holdings in Advanced Energy Industries by 2,150.0% during the 3rd quarter. Blue Trust Inc. now owns 810 shares of the electronics maker’s stock worth $88,000 after purchasing an additional 774 shares during the period. Signaturefd LLC raised its position in Advanced Energy Industries by 28.0% during 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. Finally, Hilltop National Bank lifted its holdings in shares of Advanced Energy Industries by 13.4% in the 2nd quarter. Hilltop National Bank now owns 983 shares of the electronics maker’s stock worth $107,000 after buying an additional 116 shares during the period. Institutional investors own 99.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on AEIS shares. Needham & Company LLC restated a “hold” rating on shares of Advanced Energy Industries in a research note on Thursday, October 31st. Wells Fargo & Company cut their target price on shares of 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. Susquehanna lowered their price target on shares of Advanced Energy Industries from $103.00 to $92.00 and set a “neutral” rating for the company in a research report on Friday, October 11th. Stifel Nicolaus began coverage on shares of Advanced Energy Industries in a report on Thursday, August 15th. They set a “buy” rating and a $135.00 price objective on the stock. Finally, StockNews.com upgraded Advanced Energy Industries from a “sell” rating to a “hold” rating in a report on Monday, November 4th. Eight research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Advanced Energy Industries has a consensus rating of “Hold” and a consensus price target of $112.75.

Advanced Energy Industries Stock Performance

Shares of AEIS stock opened at $109.45 on Friday. The company has a current ratio of 4.62, a quick ratio of 3.32 and a debt-to-equity ratio of 0.48. The company has a market cap of $4.12 billion, a PE ratio of 96.01, a PEG ratio of 6.67 and a beta of 1.48. Advanced Energy Industries, Inc. has a 12-month low of $89.11 and a 12-month high of $120.81. The business’s fifty day simple moving average is $106.22 and its 200-day simple moving average is $106.36.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Wednesday, October 30th. The electronics maker reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.91 by $0.07. Advanced Energy Industries had a return on equity of 9.02% and a net margin of 2.91%. The business had revenue of $374.20 million during the quarter, compared to the consensus estimate of $372.49 million. During the same quarter last year, the company earned $1.12 earnings per share. The company’s quarterly revenue was down 8.7% on a year-over-year basis. Analysts expect 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 declared a quarterly dividend, which will be paid on Friday, December 6th. Shareholders of record on Monday, November 25th will be paid a dividend of $0.10 per share. The ex-dividend date is Monday, November 25th. This represents a $0.40 dividend on an annualized basis and a yield of 0.37%. Advanced Energy Industries’s payout ratio is 35.09%.

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.