Advanced Energy Industries, Inc. (NASDAQ:AEIS – Get Free Report) declared a quarterly dividend on Monday, May 4th. Investors of record on Monday, May 25th will be paid a dividend of 0.10 per share by the electronics maker on Friday, June 5th. This represents a c) annualized dividend and a yield of 0.1%. The ex-dividend date is Friday, May 22nd.
Advanced Energy Industries has a payout ratio of 6.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Advanced Energy Industries to earn $9.06 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 4.4%.
Advanced Energy Industries Price Performance
NASDAQ:AEIS opened at $302.84 on Wednesday. The company’s fifty day moving average price is $344.40 and its 200-day moving average price is $280.17. Advanced Energy Industries has a 1-year low of $112.25 and a 1-year high of $397.44. The firm has a market capitalization of $11.52 billion, a P/E ratio of 63.76, a PEG ratio of 1.39 and a beta of 1.40.
Insider Activity at Advanced Energy Industries
In related news, CEO Stephen Douglas Kelley sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $316.62, for a total value of $15,831,000.00. Following the transaction, the chief executive officer directly owned 80,376 shares of the company’s stock, valued at approximately $25,448,649.12. This trade represents a 38.35% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Brian Shirley sold 1,234 shares of Advanced Energy Industries stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $310.19, for a total value of $382,774.46. Following the completion of the sale, the director owned 5,584 shares in the company, valued at approximately $1,732,100.96. The trade was a 18.10% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 57,478 shares of company stock worth $18,250,393 in the last ninety days. 1.30% of the stock is owned by company insiders.
Hedge Funds Weigh In On Advanced Energy Industries
A number of hedge funds have recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Advanced Energy Industries during the first quarter worth approximately $29,000. Root Financial Partners LLC lifted its holdings in Advanced Energy Industries by 33.3% in the 1st quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 27 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new position in Advanced Energy Industries in the 4th quarter valued at $25,000. GHP Investment Advisors Inc. acquired a new stake in Advanced Energy Industries during the 1st quarter worth $40,000. Finally, Main Street Group LTD acquired a new stake in Advanced Energy Industries during the 1st quarter worth $40,000. Institutional investors and hedge funds own 99.67% of the company’s stock.
About Advanced Energy Industries
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.
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