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

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Monday, April 28th, RTT News reports. Investors of record on Saturday, May 24th will be given a dividend of 0.10 per share by the electronics maker on Friday, June 6th. This represents a $0.40 dividend on an annualized basis and a yield of 0.40%.

Advanced Energy Industries has a dividend payout ratio of 6.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Advanced Energy Industries to earn $5.07 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 7.9%.

Advanced Energy Industries Price Performance

AEIS opened at $98.89 on Tuesday. The stock has a market cap of $3.75 billion, a price-to-earnings ratio of 69.15, a PEG ratio of 1.39 and a beta of 1.47. Advanced Energy Industries has a 1 year low of $75.01 and a 1 year high of $132.16. 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 stock has a fifty day moving average price of $100.48 and a 200 day moving average price of $110.32.

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

Insider Activity at Advanced Energy Industries

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of Advanced Energy Industries stock in a transaction on Wednesday, February 19th. The stock was 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 directly owns 3,492 shares of the company’s stock, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 directly owns 19,822 shares of the company’s stock, valued at $2,212,333.42. This represents a 49.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have weighed in on AEIS shares. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $138.00 in a report on Monday, January 6th. Stifel Nicolaus raised their target price on Advanced Energy Industries from $130.00 to $135.00 and gave the company a “buy” rating in a report on Thursday, February 13th. Robert W. Baird dropped their price objective on Advanced Energy Industries from $136.00 to $124.00 and set an “outperform” rating on the stock in a research note on Friday. Wells Fargo & Company dropped 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. Finally, StockNews.com lowered Advanced Energy Industries from a “hold” rating to a “sell” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, three have issued 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.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $125.22.

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.