Hsbc Holdings PLC lifted its stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 114.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,668 shares of the electronics maker’s stock after purchasing an additional 12,106 shares during the period. Hsbc Holdings PLC’s holdings in Advanced Energy Industries were worth $7,197,000 at the end of the most recent quarter.
A number of other hedge funds also recently bought and sold shares of AEIS. Root Financial Partners LLC grew its position in shares of Advanced Energy Industries by 33.3% during the first quarter. Root Financial Partners LLC now owns 108 shares of the electronics maker’s stock worth $35,000 after buying an additional 27 shares in the last quarter. Allworth Financial LP grew its holdings in Advanced Energy Industries by 9.2% during the 3rd quarter. Allworth Financial LP now owns 582 shares of the electronics maker’s stock worth $99,000 after acquiring an additional 49 shares in the last quarter. Fifth Third Wealth Advisors LLC grew its holdings in Advanced Energy Industries by 4.5% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 1,191 shares of the electronics maker’s stock worth $384,000 after acquiring an additional 51 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in shares of Advanced Energy Industries by 40.6% in the 4th quarter. Cullen Frost Bankers Inc. now owns 194 shares of the electronics maker’s stock valued at $41,000 after purchasing an additional 56 shares during the last quarter. Finally, CIBC Private Wealth Group LLC raised its holdings in shares of Advanced Energy Industries by 6.8% in the 4th quarter. CIBC Private Wealth Group LLC now owns 906 shares of the electronics maker’s stock valued at $190,000 after purchasing an additional 58 shares in the last quarter. Institutional investors and hedge funds own 99.67% of the company’s stock.
Advanced Energy Industries Stock Performance
Advanced Energy Industries stock opened at $315.14 on Friday. The company has a market capitalization of $11.98 billion, a P/E ratio of 66.35, a PEG ratio of 1.34 and a beta of 1.25. Advanced Energy Industries, Inc. has a fifty-two week low of $128.40 and a fifty-two week high of $397.44. The stock has a 50-day simple moving average of $324.66 and a 200-day simple moving average of $317.91.
Advanced Energy Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Monday, May 25th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Advanced Energy Industries’s dividend payout ratio is presently 8.42%.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Wells Fargo & Company raised shares of Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and lifted their price objective for the stock from $345.00 to $465.00 in a research report on Wednesday, July 1st. Susquehanna raised their price target on Advanced Energy Industries from $430.00 to $535.00 and gave the company a “positive” rating in a research note on Tuesday, June 30th. Zacks Research downgraded Advanced Energy Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 30th. Citigroup increased their price objective on Advanced Energy Industries from $410.00 to $435.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Cantor Fitzgerald raised their target price on Advanced Energy Industries from $400.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, June 29th. Eleven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $404.25.
Read Our Latest Report on AEIS
Advanced Energy Industries Company 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.
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