Pinnacle Associates Ltd. Sells 5,862 Shares of Advanced Energy Industries, Inc. $AEIS

Pinnacle Associates Ltd. trimmed its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 6.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 89,568 shares of the electronics maker’s stock after selling 5,862 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Advanced Energy Industries were worth $18,753,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Bank of America Corp DE grew its position in Advanced Energy Industries by 2.2% in the second quarter. Bank of America Corp DE now owns 946,649 shares of the electronics maker’s stock valued at $125,431,000 after acquiring an additional 20,573 shares during the period. Massachusetts Financial Services Co. MA grew its position in Advanced Energy Industries by 18.3% in the third quarter. Massachusetts Financial Services Co. MA now owns 719,867 shares of the electronics maker’s stock valued at $122,478,000 after acquiring an additional 111,467 shares during the period. GW&K Investment Management LLC grew its position in Advanced Energy Industries by 51.5% in the third quarter. GW&K Investment Management LLC now owns 699,780 shares of the electronics maker’s stock valued at $119,062,000 after acquiring an additional 237,895 shares during the period. Analog Century Management LP acquired a new position in Advanced Energy Industries in the third quarter worth $79,507,000. Finally, Bamco Inc. NY boosted its stake in Advanced Energy Industries by 5.0% in the third quarter. Bamco Inc. NY now owns 391,985 shares of the electronics maker’s stock worth $66,692,000 after purchasing an additional 18,740 shares in the last quarter. 99.67% of the stock is currently owned by institutional investors.

Insider Transactions at Advanced Energy Industries

In other Advanced Energy Industries news, CEO Stephen Douglas Kelley sold 50,000 shares of the stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $316.62, for a total value of $15,831,000.00. Following the transaction, the chief executive officer owned 80,376 shares of the company’s stock, valued at approximately $25,448,649.12. This represents a 38.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,000 shares of the stock in a transaction dated Friday, February 13th. The shares were sold at an average price of $316.62, for a total value of $316,620.00. Following the completion of the transaction, the director directly owned 4,585 shares in the company, valued at $1,451,702.70. The trade was a 17.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 58,478 shares of company stock valued at $18,567,013. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analyst Weigh In

AEIS has been the topic of a number of recent analyst reports. Zacks Research raised Advanced Energy Industries from a “hold” rating to a “strong-buy” rating in a research note on Friday, May 8th. Needham & Company LLC boosted their price objective on Advanced Energy Industries from $330.00 to $400.00 and gave the stock a “buy” rating in a research note on Tuesday, May 5th. Stifel Nicolaus boosted their price objective on Advanced Energy Industries from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, February 11th. KeyCorp boosted their price objective on Advanced Energy Industries from $375.00 to $415.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 5th. Finally, Susquehanna boosted their price objective on Advanced Energy Industries from $375.00 to $430.00 and gave the stock a “positive” rating in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $358.00.

Advanced Energy Industries Stock Down 0.1%

Shares of AEIS opened at $339.19 on Thursday. Advanced Energy Industries, Inc. has a 12-month low of $112.25 and a 12-month high of $397.44. The firm has a market capitalization of $12.90 billion, a PE ratio of 71.41, a price-to-earnings-growth ratio of 1.52 and a beta of 1.40. The stock’s fifty day simple moving average is $343.91 and its 200-day simple moving average is $276.93.

Advanced Energy Industries (NASDAQ:AEIS) last issued its quarterly earnings results on Monday, May 4th. The electronics maker reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.97 by $0.12. Advanced Energy Industries had a return on equity of 17.99% and a net margin of 10.00%.The business had revenue of $511.00 million for the quarter, compared to analyst estimates of $505.81 million. During the same quarter in the prior year, the firm posted $1.23 earnings per share. The firm’s revenue for the quarter was up 26.3% compared to the same quarter last year. Advanced Energy Industries has set its Q2 2026 guidance at 1.930-2.430 EPS. Analysts anticipate that Advanced Energy Industries, Inc. will post 7.4 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Monday, May 25th will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.40 annualized dividend and a yield of 0.1%. Advanced Energy Industries’s dividend payout ratio is presently 8.42%.

Advanced Energy Industries Profile

Advanced Energy Industries, Inc is a global technology company specializing in precision power conversion, measurement, and control solutions. The company designs and manufactures a broad portfolio of products including high-voltage power supplies, RF and microwave generators, digital power controllers, reactive gas control systems, and thin film measurement instruments. These solutions enable advanced processes in semiconductor fabrication, flat panel display manufacturing, industrial coating, data storage, telecommunications and medical device production.

Founded in 1981 and headquartered in Fort Collins, Colorado, Advanced Energy has grown through strategic product development and international expansion.