Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Bought by Commerce Bank

Commerce Bank raised its stake in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 34.0% in the third quarter, Holdings Channel.com reports. The fund owned 3,327 shares of the electronics maker’s stock after purchasing an additional 845 shares during the period. Commerce Bank’s holdings in Advanced Energy Industries were worth $350,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Earnest Partners LLC boosted its position in shares of Advanced Energy Industries by 13.5% during the 2nd quarter. Earnest Partners LLC now owns 1,681,776 shares of the electronics maker’s stock worth $182,910,000 after purchasing an additional 199,578 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Advanced Energy Industries by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 950,977 shares of the electronics maker’s stock worth $103,428,000 after buying an additional 15,577 shares during the period. The Manufacturers Life Insurance Company grew its stake in shares of Advanced Energy Industries by 22.4% in the second quarter. The Manufacturers Life Insurance Company now owns 647,682 shares of the electronics maker’s stock valued at $70,442,000 after buying an additional 118,328 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Advanced Energy Industries by 23.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 540,213 shares of the electronics maker’s stock valued at $58,754,000 after buying an additional 102,659 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Advanced Energy Industries by 2.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 514,424 shares of the electronics maker’s stock worth $55,949,000 after acquiring an additional 13,967 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $117.21 on Wednesday. The stock’s 50-day simple moving average is $108.24 and its 200-day simple moving average is $106.99. The company has a debt-to-equity ratio of 0.48, a quick ratio of 3.32 and a current ratio of 4.62. The firm has a market capitalization of $4.42 billion, a PE ratio of 102.82, a price-to-earnings-growth ratio of 6.77 and a beta of 1.48. Advanced Energy Industries, Inc. has a fifty-two week low of $89.11 and a fifty-two week high of $120.81.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings data 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. The business had revenue of $374.20 million during the quarter, compared to the consensus estimate 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 was down 8.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.12 EPS. As a group, equities research analysts forecast that Advanced Energy Industries, Inc. will post 2.52 EPS for the current fiscal year.

Advanced Energy Industries Dividend Announcement

The company also recently announced 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. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.34%. The ex-dividend date of this dividend is Monday, November 25th. Advanced Energy Industries’s dividend payout ratio (DPR) is currently 35.09%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Robert W. Baird reduced their price target on shares of Advanced Energy Industries from $128.00 to $124.00 and set an “outperform” rating on the stock in a research report on Friday, November 1st. 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 target price on the stock. StockNews.com upgraded shares of Advanced Energy Industries from a “sell” rating to a “hold” rating in a research note on Monday, November 4th. Needham & Company LLC reiterated a “hold” rating on shares of Advanced Energy Industries in a research note on Wednesday, November 20th. Finally, TD Cowen lowered their target price on 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. Eight investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $113.75.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,000 shares of Advanced Energy Industries stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now owns 5,092 shares of the company’s stock, valued at $568,878.24. The trade was a 16.41 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 0.87% of the company’s stock.

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.