California State Teachers Retirement System boosted its position in shares of Advanced Energy Industries, Inc. (NASDAQ:AEIS – Free Report) by 37,009.4% in the second quarter, Holdings Channel reports. The fund owned 16,442,821 shares of the electronics maker’s stock after purchasing an additional 16,398,512 shares during the quarter. California State Teachers Retirement System owned about 0.41% of Advanced Energy Industries worth $6,131,035,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently bought and sold shares of AEIS. Kemnay Advisory Services Inc. purchased a new position in Advanced Energy Industries in the fourth quarter worth about $25,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Advanced Energy Industries during the 2nd quarter valued at about $27,000. Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of Advanced Energy Industries during the 1st quarter valued at about $29,000. Twin Tree Management LP purchased a new stake in shares of Advanced Energy Industries during the 4th quarter valued at about $32,000. Finally, Danske Bank A S bought a new position in shares of Advanced Energy Industries in the 3rd quarter worth approximately $34,000. Institutional investors own 99.67% of the company’s stock.
Advanced Energy Industries Stock Down 1.1%
NASDAQ AEIS opened at $285.52 on Thursday. The stock’s 50-day moving average price is $298.31 and its 200-day moving average price is $325.44. The company has a quick ratio of 2.94, a current ratio of 3.79 and a debt-to-equity ratio of 0.78. Advanced Energy Industries, Inc. has a 52 week low of $154.77 and a 52 week high of $397.44. The company has a market capitalization of $11.44 billion, a P/E ratio of 53.27 and a beta of 1.31.
Advanced Energy Industries Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 4th. Shareholders of record on Monday, August 24th were given 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 was Monday, August 24th. Advanced Energy Industries’s dividend payout ratio is presently 7.46%.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Wall Street Zen raised shares of Advanced Energy Industries from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Wells Fargo & Company raised shares of Advanced Energy Industries from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $345.00 to $465.00 in a report on Wednesday, July 1st. Susquehanna increased their price target on shares of Advanced Energy Industries from $430.00 to $535.00 and gave the stock a “positive” rating in a research report on Tuesday, June 30th. Bank of America lifted their price target on shares of Advanced Energy Industries from $430.00 to $450.00 and gave the stock a “buy” rating in a research note on Tuesday, June 23rd. Finally, Needham & Company LLC reissued a “buy” rating and set a $400.00 price objective on shares of Advanced Energy Industries in a research report on Tuesday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average price target of $409.50.
Get Our Latest Stock Report on AEIS
Insider Buying and Selling
In related news, EVP Elizabeth Vonne sold 908 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $332.68, for a total transaction of $302,073.44. Following the transaction, the executive vice president owned 10,712 shares in the company, valued at approximately $3,563,668.16. The trade was a 7.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Eduardo Acebedo sold 24,771 shares of Advanced Energy Industries stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $315.48, for a total transaction of $7,814,755.08. Following the transaction, the chief operating officer owned 23,109 shares in the company, valued at approximately $7,290,427.32. This trade represents a 51.74% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 26,586 shares of company stock valued at $8,379,904. Company insiders own 1.30% of the company’s stock.
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.
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