Advanced Energy Industries, Inc. Announces Quarterly Dividend of $0.10 (NASDAQ:AEIS)

Advanced Energy Industries, Inc. (NASDAQ:AEIS) announced a quarterly dividend on Tuesday, February 11th,RTT News reports. Stockholders of record on Monday, February 24th will be paid a dividend of 0.10 per share by the electronics maker on Friday, March 7th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.37%.

Advanced Energy Industries has a payout ratio of 6.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Advanced Energy Industries to earn $3.78 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 10.6%.

Advanced Energy Industries Trading Down 2.3 %

AEIS stock opened at $108.79 on Wednesday. The company has a market capitalization of $4.10 billion, a PE ratio of 95.81, a P/E/G ratio of 3.60 and a beta of 1.45. The company has a debt-to-equity ratio of 0.48, a current ratio of 4.62 and a quick ratio of 3.32. Advanced Energy Industries has a 12 month low of $89.11 and a 12 month high of $130.50. The firm’s 50-day moving average is $117.26 and its 200 day moving average is $110.40.

Insider Buying and Selling at Advanced Energy Industries

In other news, Director Lanesha Minnix sold 1,000 shares of the company’s stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $111.72, for a total transaction of $111,720.00. Following the transaction, the director now directly owns 5,092 shares of the company’s stock, valued at approximately $568,878.24. This represents a 16.41 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.

Wall Street Analysts Forecast Growth

AEIS has been the subject of several research analyst reports. Citigroup raised shares of Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $138.00 in a research note on Monday, January 6th. Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Wednesday, January 15th. Bank of America raised Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a research report on Monday, December 16th. Robert W. Baird lifted their price objective on Advanced Energy Industries from $124.00 to $134.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Benchmark reiterated a “buy” rating and set a $125.00 target price on shares of Advanced Energy Industries in a report on Wednesday, November 20th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Advanced Energy Industries currently has a consensus rating of “Moderate Buy” and an average price target of $126.89.

Advanced Energy Industries Company 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.