Advanced Energy Industries, Inc. (NASDAQ:AEIS) Shares Purchased by Federated Hermes Inc.

Federated Hermes Inc. boosted its position in Advanced Energy Industries, Inc. (NASDAQ:AEIS) by 3.0% in the 4th quarter, Holdings Channel reports. The firm owned 38,720 shares of the electronics maker’s stock after acquiring an additional 1,128 shares during the quarter. Federated Hermes Inc.’s holdings in Advanced Energy Industries were worth $4,477,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Advanced Energy Industries by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 4,913,669 shares of the electronics maker’s stock valued at $568,168,000 after buying an additional 69,908 shares during the last quarter. Geode Capital Management LLC grew its stake in Advanced Energy Industries by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 884,402 shares of the electronics maker’s stock valued at $93,094,000 after acquiring an additional 15,030 shares in the last quarter. Norges Bank acquired a new stake in Advanced Energy Industries in the 4th quarter valued at about $68,949,000. Principal Financial Group Inc. lifted its stake in Advanced Energy Industries by 12.4% in the 3rd quarter. Principal Financial Group Inc. now owns 483,848 shares of the electronics maker’s stock worth $50,920,000 after purchasing an additional 53,566 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Advanced Energy Industries by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 460,121 shares of the electronics maker’s stock valued at $53,204,000 after purchasing an additional 18,533 shares in the last quarter. Hedge funds and other institutional investors own 99.67% of the company’s stock.

Advanced Energy Industries Price Performance

AEIS stock opened at $86.77 on Friday. The business’s fifty day moving average price is $106.58 and its 200 day moving average price is $111.37. Advanced Energy Industries, Inc. has a 12-month low of $75.01 and a 12-month high of $132.16. The company has a current ratio of 4.42, a quick ratio of 3.27 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $3.29 billion, a PE ratio of 60.68, a P/E/G ratio of 1.39 and a beta of 1.47.

Advanced Energy Industries (NASDAQ:AEIS) last released its earnings results on Wednesday, February 12th. The electronics maker reported $1.06 earnings per share for the quarter, missing the consensus estimate of $1.09 by ($0.03). Advanced Energy Industries had a net margin of 3.66% and a return on equity of 8.90%. On average, sell-side analysts anticipate that Advanced Energy Industries, Inc. will post 3.66 EPS for the current year.

Advanced Energy Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Monday, February 24th were issued a dividend of $0.10 per share. The ex-dividend date was Monday, February 24th. This represents a $0.40 dividend on an annualized basis and a yield of 0.46%. Advanced Energy Industries’s dividend payout ratio (DPR) is presently 27.97%.

Insider Buying and Selling at Advanced Energy Industries

In other news, COO Eduardo Bernal Acebedo sold 19,309 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was sold at an average price of $111.61, for a total transaction of $2,155,077.49. Following the completion of the transaction, the chief operating officer now directly owns 19,822 shares of the company’s stock, valued at approximately $2,212,333.42. The trade was a 49.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lanesha Minnix sold 1,600 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $129.37, for a total transaction of $206,992.00. Following the completion of the sale, the director now directly owns 3,492 shares in the company, valued at approximately $451,760.04. This trade represents a 31.42 % decrease in their position. The disclosure for this sale can be found here. 1.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on AEIS shares. Citigroup upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $138.00 in a research report on Monday, January 6th. Bank of America upgraded Advanced Energy Industries from a “neutral” rating to a “buy” rating and set a $140.00 price target on the stock in a report on Monday, December 16th. Robert W. Baird dropped their price objective on shares of Advanced Energy Industries from $138.00 to $136.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Stifel Nicolaus raised their price objective on shares of Advanced Energy Industries from $130.00 to $135.00 and gave the stock a “buy” rating in a research report on Thursday, February 13th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $145.00 target price on shares of Advanced Energy Industries in a report on Thursday, February 13th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $126.56.

About Advanced Energy Industries

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.