5,389 Shares in Advanced Energy Industries, Inc. (NASDAQ:AEIS) Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC bought a new stake in Advanced Energy Industries, Inc. (NASDAQ:AEIS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,389 shares of the electronics maker’s stock, valued at approximately $623,000.

Several other institutional investors and hedge funds have also bought and sold shares of AEIS. Norges Bank purchased a new stake in shares of Advanced Energy Industries during the 4th quarter valued at $68,949,000. The Manufacturers Life Insurance Company raised its stake in Advanced Energy Industries by 21.8% in the fourth quarter. The Manufacturers Life Insurance Company now owns 774,586 shares of the electronics maker’s stock valued at $89,565,000 after buying an additional 138,814 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in Advanced Energy Industries in the fourth quarter worth about $9,864,000. Southernsun Asset Management LLC grew its stake in shares of Advanced Energy Industries by 240.5% during the fourth quarter. Southernsun Asset Management LLC now owns 115,668 shares of the electronics maker’s stock worth $13,375,000 after acquiring an additional 81,697 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in shares of Advanced Energy Industries by 1.4% during the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock valued at $568,168,000 after acquiring an additional 69,908 shares in the last quarter. 99.67% of the stock is owned by hedge funds and other institutional investors.

Advanced Energy Industries Price Performance

Shares of NASDAQ AEIS opened at $112.20 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 4.42 and a quick ratio of 3.27. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 78.46, a PEG ratio of 1.39 and a beta of 1.50. The firm’s 50 day simple moving average is $98.29 and its 200-day simple moving average is $110.17. Advanced Energy Industries, Inc. has a 12 month low of $75.01 and a 12 month high of $132.16.

Advanced Energy Industries (NASDAQ:AEIS) last released its quarterly earnings results on Wednesday, April 30th. The electronics maker reported $1.23 EPS for the quarter, beating the consensus estimate of $0.97 by $0.26. The company had revenue of $404.60 million for the quarter, compared to analyst estimates of $392.36 million. Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. The firm’s revenue was up 23.5% on a year-over-year basis. During the same quarter last year, the business earned $0.58 earnings per share. Analysts expect that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Monday, May 26th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, May 23rd. This represents a $0.40 dividend on an annualized basis and a yield of 0.36%. Advanced Energy Industries’s dividend payout ratio is currently 20.62%.

Analysts Set New Price Targets

A number of analysts recently commented on AEIS shares. Needham & Company LLC lowered their target price on shares of Advanced Energy Industries from $145.00 to $135.00 and set a “buy” rating for the company in a research note on Thursday, May 1st. Citigroup boosted their price objective on shares of Advanced Energy Industries from $138.00 to $140.00 and gave the company a “buy” rating in a report on Monday, May 5th. Robert W. Baird raised their target price on Advanced Energy Industries from $124.00 to $132.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Stifel Nicolaus reiterated a “buy” rating and set a $130.00 price target (down previously from $135.00) on shares of Advanced Energy Industries in a research note on Thursday, May 1st. Finally, Wells Fargo & Company reduced their price objective on Advanced Energy Industries from $115.00 to $110.00 and set an “equal weight” rating for the company in a research note on Thursday, February 13th. Four analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Advanced Energy Industries has a consensus rating of “Moderate Buy” and an average target price of $124.67.

Insider Activity

In other Advanced Energy Industries news, Director Lanesha Minnix sold 1,600 shares of the stock in a transaction that occurred 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 owns 3,492 shares of the company’s stock, valued at $451,760.04. This 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 is available through this hyperlink. Also, COO Eduardo Bernal Acebedo sold 19,309 shares of Advanced Energy Industries stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $111.61, for a total value of $2,155,077.49. Following the completion of the sale, the chief operating officer now directly owns 19,822 shares in the company, 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. Company insiders own 1.20% of the company’s stock.

Advanced Energy Industries 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.